Question 1

Is Surrey Downs a nice place to live?

Accepted Answer

Surrey Downs is an established, predominantly residential suburb in Adelaide’s north-eastern suburbs, characterised by quiet streets, mature trees and family-sized blocks. Housing is mainly single-storey brick and weatherboard homes with pockets of newer renovations and infill. The community of 3,358 has a median age of 38 and a median total household income of $1,674 a week. Families are the dominant household type and owner-occupiers make up about 80.2% of homes, while everyday conveniences such as local shops, community facilities and larger retail are all within easy reach. Good road links and regular bus services connect the suburb to the wider metropolitan area.

Neighbourhood parks, sports ovals and walking paths are close by, and local investment is underway, including a major upgrade at Surrey Downs Primary School and a draft master plan for Illyarrie Reserve that proposes new training facilities, extra parking, a pump track and improved paths. SA Water is staging connections to mains sewer. Whether Surrey Downs suits you will depend on how much you value a settled, low-key suburban setting with those amenities nearby.

Question 2

Is it expensive to live in Surrey Downs?

Accepted Answer

At a median house price of $850,000, buying in Surrey Downs works out to about 9.8 times a typical local household's annual income as recorded at the most recent Census, so purchase prices sit well above what a typical local household earned at the last Census.

Renting a house at about $610 a week would take roughly 36.5% of a typical local household's weekly income at the last Census, a sizeable share. On these figures renting takes a large slice of weekly income and buying is even more stretched against local incomes, but whether that feels expensive depends on your own 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 Surrey Downs a good place to invest?

Accepted Answer

House values in Surrey Downs climbed 14.5% over the past year, a strong rise, while house rents rose 6.5% over the same period, a solid increase. For the houses side of the market, capital growth outpaced rental growth this year, so price movement was the stronger performer.

If rental income is your priority, focus on the rent change; if capital growth matters more, the value change is the relevant figure. Whether that balance makes Surrey Downs the right investment for you depends 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	$850K	N/A
Change in value Past 12 months	14.5%	N/A
Sold Past 3 months	11	N/A
Median days on market Past 12 months	51	N/A
Average rent Past 12 months	$610	N/A
Change in rent Past 12 months	6.5%	N/A

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