Question 1

Is Felixstow a nice place to live?

Accepted Answer

Felixstow is an inner-eastern Adelaide suburb with a quietly residential character, tree-lined streets and a varied streetscape of single-storey weatherboard and brick cottages, post-war bungalows and newer townhouses. The community of 2,477 has a median age of 42, and families are dominated by couple households, which together account for 84.5% of families. Most homes are owner-occupied (66.9%) while renters make up 33.1%.

Everyday life centres on local parks and reserves, nearby eastern-suburb shopping strips and regular bus links and main roads that make commuting to the city straightforward. Recent neighbourhood renewal work has added public and community housing, open-market allotments and a new neighbourhood reserve with a landscaped detention basin, and the River Torrens shared path through Felixstow has been upgraded. The Payneham Library (Tirkandi) is in Felixstow and the Payneham Memorial Swimming Centre is closed for a major redevelopment. Whether Felixstow suits you comes down to whether you want a calm, established suburb with parks and transport close at hand.

Question 2

Is it expensive to live in Felixstow?

Accepted Answer

Housing costs in Felixstow sit well above local incomes as recorded at the most recent Census. The median house price of $1,200,000 is about 16 times a typical local household's annual income at the last Census (median weekly household income $1,445, which is $75,140 a year). Renting a house at about $690 a week would take roughly 48% of that typical local household's weekly income. On these figures, renting would use a large share of a typical local household's income at the last Census, while buying sits at a high multiple of local incomes; which feels affordable depends on your personal circumstances.

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 Felixstow a good place to invest?

Accepted Answer

Over the past 12 months house values in Felixstow climbed 8.1%, a solid rise, while house rents increased 5.3%, a decent rise. Taken together, the figures show house price growth outpaced rent growth over the year.

If your priority is capital growth the 8.1% change is the most relevant figure, while the 5.3% rise is the one to watch if rental income matters more to you. Whether that balance makes Felixstow the right investment for you depends on your own 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	$1.20M	N/A
Change in value Past 12 months	8.1%	N/A
Sold Past 3 months	17	N/A
Median days on market Past 12 months	70	N/A
Average rent Past 12 months	$690	N/A
Change in rent Past 12 months	5.3%	N/A

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