Question 1

Is Ridgehaven a nice place to live?

Accepted Answer

Ridgehaven is a settled residential suburb in Adelaide’s north-eastern suburbs, known for tree-lined streets and predominantly single-storey brick homes from the mid 20th century set on established gardens and quiet cul-de-sacs. Local life centres on neighbourhood shops, parks, playgrounds and sporting ovals, while larger retail and services at Tea Tree Plaza are close by. Public transport access via nearby bus routes and the O-Bahn corridor makes commuting straightforward. The area tends to attract families, downsizers and buyers looking to renovate or add space to older homes; it is home to 4,304 people, with a median age of 43 and a median household income of $1,307 a week, and owner-occupiers outnumber renters by roughly three to one.

Council-led works have upgraded Dewer Reserve’s playground and surrounds and converted a former ford crossing on Mulkarra Street to a formal bridge, and the City’s Road and Cycle Safety Centre in Hazel Grove remains an active community facility. There are planned upgrades for local tennis courts and Waterworld, a tendered splash-park at Waterworld and a small social housing project on Carter Street, all of which add to the parks, sport and services residents use day to day.

Question 2

Is it expensive to live in Ridgehaven?

Accepted Answer

Buying stands out in Ridgehaven. A median house price of $900,000 is about 13.2 times a typical local household's annual income at the last Census (median household income $1,307 a week at the last Census, or $67,964 a year), which puts buying well above what local households earned then. On the rental side, a house renting for $635 a week would take about 48.6% of a typical local household's weekly income at the last Census, while a unit at $490 a week would take about 37.5%. On these figures, renting would take a sizeable to large share of a typical local household's income, and buying sits well above local incomes at the last Census.

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 Ridgehaven a good place to invest?

Accepted Answer

Over the past 12 months in Ridgehaven, house values climbed 17.6%, a strong rise, while unit values increased 13.2%, also a strong gain but smaller than houses. House rents rose 6.7%, a solid increase, so on the house side capital growth outpaced rental income growth over the year. If rental income is your priority, the 6.7% house rent increase is the figure to watch; if capital growth matters more, both dwelling types recorded double-digit value gains, with houses the stronger performer this year.

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	$900K	N/A
Change in value Past 12 months	17.6%	13.2%
Sold Past 3 months	32	2
Median days on market Past 12 months	53	N/A
Average rent Past 12 months	$635	$490
Change in rent Past 12 months	6.7%	N/A

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