Question 1

Is Park Holme a nice place to live?

Accepted Answer

Park Holme is an established, quietly residential suburb with tree-lined streets and a mix of mid-century weatherboard and brick homes alongside low-rise units. It sits near generous reserves and open space, with the Sturt River linear park close by and easy access to the coast. Local shops, schools and community facilities are within easy reach, and regular buses plus direct road links make commuting and errands straightforward while the area retains a relaxed neighbourhood feel.

The suburb is home to 3,199 people with a median age of 37 and a typical household income of $1,297 per week. It attracts families, first home buyers and downsizers, and most dwellings are owner-occupied (58.0%) with 42.0% rented. Local facilities include the Marion Outdoor Pool, which has had a council upgrade including an electric pump heating installation and is scheduled for further works, the Hendrie Street Reserve inclusive playground (Livvi’s Place) and the Park Holme branch of the Marion Library on Duncan Avenue. Whether Park Holme suits you depends on what you are looking for in a suburb.

Question 2

Is it expensive to live in Park Holme?

Accepted Answer

On the figures for Park Holme, buying a house sits well above local incomes at the last Census: the current median house price of $1,009,750 is about 15.0 times a typical local year's household income as recorded at the most recent Census. Renting a house at about $695 a week would take roughly 53.6% of a typical local household's weekly income at the last Census, which is a large share, so renters and buyers face different pressures when measured against local incomes.

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 Park Holme a good place to invest?

Accepted Answer

Rents for houses in Park Holme climbed 10.3% over the past year, a strong increase, while house values rose 4.8% over the same period, a modest gain. With house rents rising faster than house prices, the rental-income side has been the stronger performer this year compared with capital growth.

If rental income is your priority, that strong rent growth is the figure that matters; if you are focused on capital growth, the smaller rise in house values is the relevant movement. What that means for 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	$1M	N/A
Change in value Past 12 months	4.8%	N/A
Sold Past 3 months	10	N/A
Median days on market Past 12 months	51	N/A
Average rent Past 12 months	$695	N/A
Change in rent Past 12 months	10.3%	N/A

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