Question 1

Is Peakhurst Heights a nice place to live?

Accepted Answer

Peakhurst Heights has leafy streets that step down toward the Georges River and is mainly low-density residential, with freestanding houses on sloping blocks ranging from older postwar cottages to contemporary renovations. Many properties enjoy river or bush outlooks, and the suburb’s 2,524 residents have a median age of 44. Households are dominated by families — 53.4% are couple families with children — and almost nine in ten dwellings are owner-occupied. Local shopping is modest, with fuller retail and services in nearby Hurstville, and public transport is mainly by bus with rail connections at neighbouring centres. Riversides reserves and walking tracks suit people after a relaxed suburban lifestyle.

Recent works at Gannons Park have installed wetlands, bioretention systems, a storage pond, a boardwalk extension and new shared paths as part of a stormwater harvesting scheme designed to treat and store up to about 26 million litres a year to irrigate the park’s playing fields and improve water entering the Georges River; the project has received state and federal funding and industry recognition. Georges River Council also lists an Oatley Park to Gannons Park walk in its Local Infrastructure Contributions program that is planned in stages. Whether Peakhurst Heights suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Peakhurst Heights?

Accepted Answer

A typical local household in Peakhurst Heights earned $2,105 a week at the last Census. With house rents around $950 a week, renting a house would take about 45.2% of a typical local household's weekly income at the last Census, which is a large share of income. If you're renting rather than buying, that rent share is the most relevant measure to watch when you weigh the suburb.

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 Peakhurst Heights a good place to invest?

Accepted Answer

Over the past year in Peakhurst Heights, house values and house rents moved in opposite directions. Median house values rose 4.5% over the 12 months, a modest increase in what houses are worth, while median house rents fell 2.6%, a modest decline in the income those houses earn.

For someone considering Peakhurst Heights as an investment, the figures show capital growth was the stronger performer this year rather than rental income. Whether that makes Peakhurst Heights the right fit 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	N/A	N/A
Change in value Past 12 months	4.5%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	44	N/A
Average rent Past 12 months	$950	N/A
Change in rent Past 12 months	-2.6%	N/A

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