Question 1

Is Valley View a nice place to live?

Accepted Answer

Valley View is an established, leafy suburb in Adelaide's north-eastern suburbs, sitting between the suburban plain and the foothills. Streets are lined with mature trees and mostly feature mid-century brick and weatherboard homes, with pockets of newer infill housing. Local life centres on neighbourhood parks and sporting reserves, with Thomas Turner Reserve the largest local park, while larger retail and transport links at Modbury and Tea Tree Plaza and easy access to the O-Bahn and main arterial roads make day-to-day errands and travel straightforward.

Families are the dominant household type in Valley View. There are 760 couple families with children (41.4%) and 699 couple families without children (38.1%), together accounting for 79.5% of families. One-parent families number 336 (18.3%) and other families 41 (2.2%).

Valley View is home to 6,405 people, with a median age of 39. The median total household income is $1,483 a week, roughly $77,100 a year.

Homes in Valley View are mostly owner-occupied: about four in five households are owner-occupied (859 owned outright and 1,005 owned with a mortgage), while 490 households, or 20.8%, are rented.

Question 2

Is it expensive to live in Valley View?

Accepted Answer

Buying in Valley View sits well above what local households earned at the last Census. The median house price of $901,000 is about 11.7 times a typical local household's annual income at the last Census (median weekly household income $1,483, or about $77,116 a year). Renting a house at about $650 a week would take roughly 44% of a typical local household's weekly income at the last Census, which is a large share of income. On these figures, buying looks the more stretched option relative to local incomes, while renting also represents a substantial portion of a typical local household's income.

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 Valley View a good place to invest?

Accepted Answer

House values in Valley View climbed a strong 15.3% over the past 12 months. Over the same period, house rents rose 8.3%, a solid increase.

That means, for houses, price growth (capital growth) outpaced rental growth (rental income) in the year to date. Whether that balance suits you will depend 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	$901K	N/A
Change in value Past 12 months	15.3%	N/A
Sold Past 3 months	35	N/A
Median days on market Past 12 months	75	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	8.3%	N/A

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