Question 1

Is East Side a nice place to live?

Accepted Answer

East Side is the residential eastern precinct of Alice Springs beside the Todd River corridor, with the MacDonnell Ranges forming a backdrop. The suburb is mostly established single-storey homes on generous blocks with pockets of newer infill, producing roomy, low-density streets and desert-adapted gardens. People who live here include long-term locals, families and those who work in town or regional services, drawn by straightforward access to the town centre, local shops and outdoor recreation.

The community of 3,098 has a median age of 34 and a median household income of $2,225 a week. It is a suburb of families and is mostly owner-occupied (57.9%) while 42.2% of dwellings are rented. Local facilities include Frances Smith Memorial Park and the Alice Springs Community Garden, Ross Park soccer fields and the Pat Gallagher Netball Centre. A Salvation Army men’s hostel upgrade is under construction, a BMX pump-trail has been proposed for Frances Smith Memorial Park, and Lindsay Avenue is named for tree infill planting. Whether East Side suits you depends on the blend of space, family focus and nearby facilities you want.

Question 2

Is it expensive to live in East Side?

Accepted Answer

In East Side (NT 0870), a median house price of $552,500 works out to about 4.8 times a typical local household's annual income at the last Census (median household income $2,225 a week, or $115,700 a year). On these figures, buying sits somewhat above what local households earned at the last Census.

Looking at renting, a house rent of $700 a week would take about 31.5% of a typical local household's weekly income at the last Census, which is a sizeable share, while a unit at $465 a week would take about 20.9%, a moderate share. If you're focused on renting rather than buying, those rent shares are the most relevant numbers to consider.

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 East Side a good place to invest?

Accepted Answer

Unit values in East Side jumped a large 30.2% over the past 12 months, while house values rose a solid 6.7%. In terms of capital growth, the bigger movement this year has been on the unit side rather than the house side.

Rents also increased strongly: unit rents were up 17.7% and house rents rose 12.9%, so rental income has grown for both property types, with units again recording the larger change. Whether that mix of faster value and rent growth for units than for houses suits your goals depends on what you prioritise as an investor.

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	$553K	N/A
Change in value Past 12 months	6.7%	30.2%
Sold Past 3 months	16	6
Median days on market Past 12 months	114	131
Average rent Past 12 months	$700	$465
Change in rent Past 12 months	12.9%	17.7%

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