Question 1

Is Waikerie a nice place to live?

Accepted Answer

Waikerie is a riverside town on the Murray River in the Riverland, with a compact main street of shops and cafes and community facilities that support nearby orchards and vineyards. Daily life is shaped by the river, with boating, fishing and waterside reserves, while the surrounding district is known for irrigated citrus and grape growing.

The town has 2,681 people and a median age of 49, and the community includes farming families, horticulture workers, retirees and holiday homeowners. Homes are mostly owner-occupied, with a combined owner-occupied share of 69.1%, and couple families without children are the largest family type. Recent riverfront upgrades, such as the new Riverfront Community Hub, a bike pump track and a jetty replacement, together with planned utility and civic improvements, mean local amenity is being refreshed. Whether Waikerie suits you will come down to whether a quieter, river-centred regional lifestyle fits what you want.

Question 2

Is it expensive to live in Waikerie?

Accepted Answer

On the numbers for Waikerie, buying a house sits well above what local households earned at the last Census. A median house price of $490,000 works out to about 9.9 times a typical local annual household income at the last Census, which is a high multiple against those incomes.

If you're renting, the rent picture is also stretched: the average house rent of $383 a week would take about 40.1% of a typical local household's weekly income at the last Census, 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 Waikerie a good place to invest?

Accepted Answer

House values in Waikerie climbed 20.0% over the past year, a strong rise in the price side of the market. Over the same period house rents rose 9.4%, a solid increase in rental income that was noticeably smaller than the gain in house values.

If rental income is your priority, the 9.4% change in house rents is the most relevant figure; if you are focused on capital growth, the 20.0% rise in house values is the dominant movement this year. Whether that suits your goals and circumstances is for you to decide.

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	$490K	N/A
Change in value Past 12 months	20.0%	N/A
Sold Past 3 months	15	N/A
Median days on market Past 12 months	83	N/A
Average rent Past 12 months	$383	N/A
Change in rent Past 12 months	9.4%	N/A

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