Question 1

Is Wallaroo a nice place to live?

Accepted Answer

Wallaroo is a coastal port town on the Yorke Peninsula with a working harbour, a long jetty and sheltered waters that attract people who enjoy boating, fishing and beachside life. Part of the Copper Triangle with Kadina and Moonta, it mixes maritime history with a relaxed seaside atmosphere. The main street has shops and cafés used by both residents and holidaymakers, and housing ranges from older weatherboard cottages and holiday shacks to more modern coastal homes and units.

Home to 3,699 people with a median age of 57, Wallaroo has a higher share of owner-occupied homes (68.1%) and many couple households without children. Local projects are improving the foreshore and town centre, and recent road, ambulance station and hospital works have upgraded local access and health facilities. If you value a compact, walkable foreshore town with coastal amenities, Wallaroo may suit you; whether it feels right will depend on what you want in a community.

Question 2

Is it expensive to live in Wallaroo?

Accepted Answer

At a median house price of $576,000, buying in Wallaroo works out to about 12.4 times a typical local household's annual income at the last Census (median household income $892 a week). That multiple sits well above what local households earned at the last Census.

Renting a house at about $450 a week would take roughly half of a typical local household's weekly income at the last Census (about 50.4%), so rent also represents a large share of local incomes on these figures. Which of those matters most will depend on whether you are looking to rent or to buy.

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 Wallaroo a good place to invest?

Accepted Answer

House values in Wallaroo climbed a strong 35.0% over the past 12 months. For someone weighing Wallaroo up as an investment, that movement points to capital growth over the year; whether that fits your plans 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	$576K	N/A
Change in value Past 12 months	35.0%	N/A
Sold Past 3 months	31	1
Median days on market Past 12 months	77	N/A
Average rent Past 12 months	$450	N/A
Change in rent Past 12 months	N/A	N/A

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