Question 1

Is Queenstown a nice place to live?

Accepted Answer

Queenstown sits beside the Port River in inner-western Adelaide, close to the Port Adelaide precinct and its maritime heritage. It has a practical, working character with streets of 19th century workers' cottages and terraces standing alongside light industry, warehouses and some newer infill. Residents value its gritty, utilitarian charm, direct access to a waterfront reserve and refurbished port areas, and proximity to the city. Local life reflects the port history, with handy links to galleries, cafes and markets in nearby Port Adelaide and practical transport connections for commuters.

Queenstown is a community of 1,943 people with a median age of 43 and a median household income of $1,115 a week, roughly $58,000 a year.

Families are dominated by couples: couples with children account for 36.2% (182 families) and couples without children 38.0% (191 families), together about three in four families (74.2%). One-parent families make up 21.5% (108 families), and other families 4.4% (22 families).

Homes in Queenstown are mostly owner-occupied, about three in five at 61.5% when owned outright (28.1%) and with a mortgage (33.4%) combined, while renters make up 38.5% of dwellings.

Question 2

Is it expensive to live in Queenstown?

Accepted Answer

Renting in Queenstown (SA 5014) would take a large share of what a typical local household earned at the most recent Census. A house at $650 a week is about 58.3% of the suburb's median household income of $1,115 a week as recorded at the most recent Census, and a unit at $455 a week is about 40.8% of that income.

For people looking to rent, those rent shares are the clearest measure of how housing costs sit against local incomes; 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 Queenstown a good place to invest?

Accepted Answer

Over the past 12 months house values in Queenstown climbed 12.0%, a strong rise, while house rents rose 8.3% over the same period, a solid gain. In other words, capital growth for houses outpaced rental growth this year.

Unit rents edged up 1.1%, a marginal increase. If rental income is your priority, the gap between house and unit rent growth is a key number to consider, while the larger rise in house values speaks to capital growth. Whether that balance makes Queenstown the right investment for you depends on your objectives 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	12.0%	N/A
Sold Past 3 months	4	4
Median days on market Past 12 months	94	N/A
Average rent Past 12 months	$650	$455
Change in rent Past 12 months	8.3%	1.1%

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