Question 1

Is Craigmore a nice place to live?

Accepted Answer

Craigmore is a predominantly residential suburb in Adelaide’s north, made up of mostly single-storey brick homes on modest blocks, with tree-lined streets, cul-de-sacs and a scattering of local reserves and playgrounds. Everyday life centres on schools, sports ovals, community facilities and neighbourhood shopping, and arterial roads with regular bus services link residents to nearby centres and the city, so it suits commuters seeking a quieter, established pocket of the northern suburbs.

Home to 10,943 people with a median age of 37, Craigmore is weighted towards families: couple families with children are 43.4% and together with couple families without children (34.7%) they make up just under four in five families, while one-parent families are 20.8%. Housing is predominantly owner-occupied (26.5% owned outright and 52.7% with a mortgage) and about 20.8% of dwellings are rented. Local community facilities include the Craigmore Village YMCA on Yorktown Road, and there are no significant new public infrastructure or council-led development projects noted for the suburb.

Question 2

Is it expensive to live in Craigmore?

Accepted Answer

At the median house price of $730,750, buying in Craigmore works out to about 9.3 times a typical local household's annual income at the last Census (weekly household income $1,513 × 52 = $78,676). Renting a house at about $570 a week would take roughly 37.7% of that weekly household income, which is a sizeable share. On these figures, buying sits well above local incomes at the last Census, while renting would also take a large part of a typical local household's income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Craigmore a good place to invest?

Accepted Answer

A standout figure for Craigmore this year is the 13.6% rise in median house values, a strong increase over the 12 months. House rents, by comparison, edged up 1.8% over the year, a slight rise, so for houses capital growth has outpaced rental income over the past 12 months. Whether that balance suits your investment goals depends on your own objectives and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$731K	N/A
Change in value Past 12 months	13.6%	N/A
Sold Past 3 months	52	1
Median days on market Past 12 months	56	N/A
Average rent Past 12 months	$570	N/A
Change in rent Past 12 months	1.8%	N/A

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