Question 1

Is Parkside a nice place to live?

Accepted Answer

Parkside sits on Adelaide’s inner-south beside the Park Lands, with leafy residential streets and a mix of Victorian and Federation cottages, bungalow-style homes and more recent townhouses and apartments. That combination creates character streetscapes alongside thoughtful infill, and the suburb appeals to professionals, young families and downsizers who value nearby green space, small cafés and local shops, plus straightforward bus routes and arterial roads that provide easy access to the CBD and neighbouring precincts.

It is a community of 5,126 people with a median age of 39; family life is dominated by couple households, which make up 82.7% of families. About three in five homes are owner-occupied (60.4%) while renters account for 39.5% of dwellings. Daily recreation and active transport are supported by the Rugby Porter Bikeway, the Ron Praite Walk/Culvert Street linear trail, Henry Codd Reserve and Howard Florey Reserve, and the City of Unley has a confirmed project to revitalise the Leicester Street Playground in stages, with the existing shade sail to be retained and renewed.

Question 2

Is it expensive to live in Parkside?

Accepted Answer

Buying sits well above what local households earned at the last Census. In Parkside the median house price of $1,300,000 works out to about 12.3 times a typical local household's annual income at the last Census, and the median unit price of $880,000 is about 8.3 times that annual income. Both multiples are well above what a typical local household earned at the last Census.

Renting is less stretched on these figures. A house rent of $738 a week would take about 36.2% of a typical local household's weekly income at the last Census, a sizeable share, while unit rent of $590 a week would take about 28.9%, a moderate share. On the figures, renting looks the more manageable side compared with buying, though 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 Parkside a good place to invest?

Accepted Answer

The clearest story in the numbers is the unit market. In Parkside median unit values climbed 55.3% over the past 12 months, a strong rise, and unit rents also increased 13.5% over the year, another strong gain. By comparison, median house values fell 3.0% over the same period, a modest decline, while house rents rose 8.5%, a solid increase.

Put simply, units have delivered large capital growth alongside strong rent growth this year, whereas houses saw a small fall in value even as their rental income rose. Which of those outcomes matters to you depends on whether you prioritise capital growth or rental income and 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	$1.30M	$880K
Change in value Past 12 months	-3.0%	55.3%
Sold Past 3 months	19	11
Median days on market Past 12 months	63	71
Average rent Past 12 months	$738	$590
Change in rent Past 12 months	8.5%	13.5%

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