Question 1

Is North Haven a nice place to live?

Accepted Answer

North Haven is a coastal suburb on the Lefevre Peninsula beside Gulf St Vincent and the Port River estuary. The marina and boat harbour shape much of its character, so it draws boating and fishing enthusiasts and people after a relaxed seaside lifestyle. There are foreshore paths and pockets of reserve for walks and birdwatching, and housing is mainly low-rise from waterfront canal homes to modest postwar cottages and some newer infill. Local life is quietly suburban with straightforward road access to Port Adelaide and the Outer Harbour precinct.

About 5,585 people live in North Haven and the community has a median age of 51; owner-occupation is far more common than renting, with 83.3% of homes owned outright or with a mortgage. The area is affected by Lefevre Peninsula road upgrades that include junction realignments and improved pedestrian and cycling links to the Northern Lefevre open-space network, and planning for a proposed submarine construction yard near Osborne has been flagged as having potential impacts on traffic, access and local open space. Whether North Haven suits you will come down to how much you value its coastal setting, boating access and established, owner-occupied community.

Question 2

Is it expensive to live in North Haven?

Accepted Answer

On the figures for North Haven, housing costs sit well above what a typical local household earned at the last Census. A median house price of $1,107,000 works out to about 13.6 times a typical local annual household income at the last Census, which places buying well above local incomes. Renting a house at about $680 a week would take roughly 43.4% of a typical local household's weekly income at the last Census, a large share of income — so renting also uses a substantial portion of local household earnings. 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 North Haven a good place to invest?

Accepted Answer

Unit values in North Haven jumped 102.7% over the past 12 months — they more than doubled, a very large increase. House values also climbed, up 16.9% over the year, a strong gain. On the income side, house rents rose 8.8% over the same period, a solid increase, so if rental income is your main concern the house rent movement is the figure to watch. Put simply, this year showed especially large capital growth for units alongside strong house price growth and decent house rent growth; whether that mix suits your investment aims depends on your priorities 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	$1.11M	N/A
Change in value Past 12 months	16.9%	102.7%
Sold Past 3 months	22	3
Median days on market Past 12 months	61	N/A
Average rent Past 12 months	$680	N/A
Change in rent Past 12 months	8.8%	N/A

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