Question 1

Is Hazelwood Park a nice place to live?

Accepted Answer

Hazelwood Park is a delightful suburb that offers a peaceful and family-friendly environment, making it a wonderful place to live. Known for its charming character and lush greenery, the suburb provides a serene escape from the hustle and bustle of city life while still being conveniently close to urban amenities. The community vibe is welcoming and inclusive, with a strong emphasis on outdoor living and enjoying the natural beauty that surrounds the area.

Families will find Hazelwood Park particularly appealing due to its safe and nurturing environment. The suburb is well-served by quality schools and offers plenty of recreational activities, including parks and walking trails, which are perfect for family outings. The presence of local cafes and shopping precincts adds to the convenience, ensuring that residents have everything they need within easy reach.

While Hazelwood Park offers a fantastic lifestyle, it does come with a few trade-offs. The suburb's desirability and tranquil setting mean that property prices can be on the higher side, making it a more premium market. Additionally, while the area is well-connected by public transport, there are no major new infrastructure projects on the horizon, which means that residents may need to rely on existing amenities and transport links.

Overall, Hazelwood Park is a charming and highly livable suburb that caters well to families and those seeking a peaceful retreat with easy access to the city. Its strong community feel, combined with the natural beauty and convenience of nearby amenities, makes it a truly nice place to call home.

Question 2

Is it expensive to live in Hazelwood Park?

Accepted Answer

Living in Hazelwood Park can be considered on the expensive side, especially when it comes to housing. With the current median house price sitting at around $1,744,200, buying a home in this suburb requires a significant financial commitment. For those looking to rent, the average rent for houses is approximately $800 per week, which is relatively high compared to other areas. Units, on the other hand, have an average rent of $510 per week, but it's worth noting that the median unit price isn't available, indicating a potential scarcity in the unit market.

When you compare these housing costs with the average annual wage in Adelaide, which is about $80,000, it's clear that a large portion of one's income would be needed to cover housing expenses in Hazelwood Park. The median total household income in the area is $2,300 per week, which suggests that many residents might have dual incomes or higher-than-average earnings to afford living here comfortably.

Overall, while Hazelwood Park offers the charm and convenience of being an inner suburb of Adelaide, the cost of living, particularly in terms of housing, is relatively high. If you're thinking of living in Hazelwood Park, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with this desirable location.

Question 3

Is Hazelwood Park a good place to invest?

Accepted Answer

Hazelwood Park presents a unique opportunity for investors who are looking for stability and consistent rental returns. While the median house and unit values have remained steady over the past year, the suburb has seen a significant increase in rental demand, particularly for houses, with rents rising by 8.4%. This suggests a strong rental market, which can be appealing for investors seeking reliable rental income.

The suburb's appeal lies in its established community, lush green spaces, and proximity to amenities, making it a desirable location for families and professionals. The steady property values indicate a stable market, reducing the risk of volatility often seen in more rapidly changing areas. While the capital growth may not be immediate, the consistent rental demand and the suburb's inherent lifestyle appeal provide a solid foundation for long-term investment potential.

Overall, Hazelwood Park is a good choice for investors who prioritize steady rental income and value stability over rapid capital gains. Its strong community feel and attractive living environment ensure ongoing demand, making it a reliable option for those looking to invest in a suburb with enduring appeal.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-8.8%	N/A
Sold Past 3 months	9	3
Median days on market Past 12 months	58	N/A
Average rent Past 12 months	$800	$520
Change in rent Past 12 months	8.4%	6.1%

Get a property report and suburb profile for any property in Hazelwood Park

Hazelwood Park suburb profile

Hazelwood Park property market performance

5 year median price trend for houses and units

Hazelwood Park demographics

Suburbs near Hazelwood Park

How does Hazelwood Park compare to nearby suburbs?

Choose the right real estate agents in Hazelwood Park

Get a head start and compare top local agents in Hazelwood Park

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market