Question 1

Is Elizabeth Downs a nice place to live?

Accepted Answer

Elizabeth Downs is a practical, residential suburb in Adelaide’s northern suburbs with mostly flat streets and single-storey brick homes from the mid to late twentieth century alongside some newer infill. It tends to attract families and long-term locals who use the neighbourhood parks, sporting fields and nearby primary schools. The suburb is home to 5,160 people with a median age of 34, and owner-occupiers make up 55.2% of homes while renters account for 44.8%.

Everyday shopping is handled by a local strip while larger retail and services are close by, and public buses plus nearby suburban train services link residents to the wider metropolitan area. Recent and planned local works include a major upgrade at Argana Park that delivered new accessible changerooms and is adding parking, footpaths, oval lighting and signage, plus funded shared-use paths on Yorktown, Garlick and Adams roads and a council transport upgrade for Midway Road.

Question 2

Is it expensive to live in Elizabeth Downs?

Accepted Answer

On the figures, housing in Elizabeth Downs looks stretched against local incomes as recorded at the most recent Census. A house rent of $500 a week would take about 51.5% of a typical local household's weekly income at the last Census, which is a large share of income. The median house price of $665,000 is about 13.2 times a typical local household's annual income at the last Census, which sits well above local incomes. If you are renting rather than buying, the rent share is the main number to watch; if buying, the price multiple is the relevant measure.

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 Elizabeth Downs a good place to invest?

Accepted Answer

Over the past 12 months in Elizabeth Downs, house values climbed 13.7% while house rents rose 6.4%. The change in house values is a strong rise and the rent change is a solid rise, so on the house side capital growth has outpaced rental income this year. If rental income is your priority, the rent movement is the figure that matters; if you are focused on capital growth, the house price change is the relevant one. Whether that balance suits you depends on your goals 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	$665K	N/A
Change in value Past 12 months	13.7%	N/A
Sold Past 3 months	32	1
Median days on market Past 12 months	59	N/A
Average rent Past 12 months	$500	N/A
Change in rent Past 12 months	6.4%	N/A

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