Question 1

Is Kidman Park a nice place to live?

Accepted Answer

Kidman Park is an established inner-west suburb with quiet, tree-lined streets and predominantly single-storey weatherboard and brick homes on generous blocks. The area has a residential feel with neighbourhood parks, sporting ovals and playgrounds scattered through it, and small shopping strips and cafés along the main roads. Housing ranges from original mid-century cottages to renovated homes and some modern infill, which helps explain why it attracts both families and downsizers.

Its community of 3,874 people has a median age of 44 and is weighted towards couple families, with roughly three in four households owner-occupied. Recent planning changes rezoned about 12.6 hectares to allow low- to medium-density housing and compatible commercial uses, and include planning for improved walking and cycling links, public transport connections and access to the River Torrens Linear Park. There is also active delivery of affordable and social housing in the suburb. Whether Kidman Park suits you will come down to whether you value that established suburban setting and straightforward access to the city and nearby beaches.

Question 2

Is it expensive to live in Kidman Park?

Accepted Answer

A house in Kidman Park has a current median price of $1,037,000, which is about 12.2 times a typical local household's annual income at the last Census. Renting a house at about $740 a week would take roughly 45.2% of a typical local household's weekly income at the last Census, which is a large share. On these figures both buying and renting sit well above what households in the area were earning at the last Census, with buying markedly further above local incomes.

If you are mainly considering renting, the rent share is the most relevant figure; if you are looking to buy, the price multiple shows how far purchase sits above a typical local year's household income at the last Census. Whether that feels expensive depends on your own income and 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 Kidman Park a good place to invest?

Accepted Answer

House values in Kidman Park climbed 70.0% over the past 12 months, a very large increase in what a house here is worth. House rents rose 5.7% over the same period, a solid increase, so capital growth has been the stronger performer this year while rental income increased more modestly. Whether that balance suits your investment goals and circumstances is for you to weigh up.

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	$1.04M	N/A
Change in value Past 12 months	70.0%	N/A
Sold Past 3 months	18	N/A
Median days on market Past 12 months	62	N/A
Average rent Past 12 months	$740	N/A
Change in rent Past 12 months	5.7%	N/A

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