Question 1

Is Stepney a nice place to live?

Accepted Answer

Stepney is an inner-eastern Adelaide suburb with a quietly urban feel. Tree-lined streets of Victorian and Edwardian worker cottages sit alongside low-rise apartments and pockets of former industrial buildings repurposed as studios and workshops. Local corner shops, cafes and small parks provide everyday convenience, and housing ranges from period homes to more compact contemporary dwellings. The community of 942 people has a median age of 39, and households are dominated by couples; owner-occupation is the majority at 62.8% while 37.2% of dwellings are rented.

Council works in the area include the Trinity Valley stormwater drainage upgrade and the redeveloped St Morris Reserve, with Second Creek’s outfall and a linear park path completed. Active-transport and pedestrian projects are being progressed nearby, including the St Morris bikeway, streetscape works and a proposed zebra crossing on Ann Street near The Avenues shopping centre. With residents ranging from young professionals and creatives to older homeowners, Stepney suits people who want inner-city convenience without living in the CBD; whether it fits you will depend on what you value in a suburb.

Question 2

Is it expensive to live in Stepney?

Accepted Answer

For renters in Stepney, house rents run to about $780 a week. Against a typical local household income of $1,889 a week at the last Census, that rent would take about 41% of income, which is a large share. 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 Stepney a good place to invest?

Accepted Answer

House values in Stepney climbed 42.1% over the past 12 months, a strong rise. Over the same period, the rent a house earns rose 7.1%, a solid increase, so capital growth outpaced rental income on the house side this year. Which of those movements 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	N/A	N/A
Change in value Past 12 months	42.1%	N/A
Sold Past 3 months	7	1
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$780	N/A
Change in rent Past 12 months	7.1%	N/A

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