Question 1

Is Warradale a nice place to live?

Accepted Answer

Warradale is a settled, predominantly residential suburb on Adelaide’s southwest coast, with quiet tree-lined streets and a mix of post-war weatherboard and brick bungalows alongside pockets of contemporary infill. It is home to 5,801 people with a median age of 41, and it attracts families, professionals and retirees. Most homes are owner-occupied, with a combined owner-occupied share of 76.4%, which gives the area an established, largely residential character.

Everyday life is shaped by nearby parks, neighbourhood shops and cafés, plus Warradale railway station and regular buses for public transport. The suburb sits close to Brighton’s beaches and within easy reach of major shopping hubs, and council projects in the area include upgrades to the local tennis club, improvements to Marion Community House, streetscape work and walking and cycling links such as a Keynes Avenue pedestrian and cycle connection. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Warradale?

Accepted Answer

Buying a house in Warradale at the current median price of $1,315,000 works out to about 15.6 times a typical local household's annual income at the last Census (weekly household income $1,626, annualised to $84,552). On these figures, buying sits well above what local households earned at the last Census.

Renting looks less stretched than buying but still significant. A house rent of $700 a week would take about 43.1% of a typical local household's weekly income at the last Census, which is a large share, while a unit rent of $525 a week would take about 32.3%, a sizeable share. If you plan to rent rather than buy, those rent shares are the most relevant numbers for your decision.

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 Warradale a good place to invest?

Accepted Answer

A notable feature of the past year in Warradale is the strong rise in house values, up 17.1% over 12 months. For someone weighing the suburb as an investment, that change represents capital growth, while house rents also rose a solid 5.6% over the same period. Unit rents edged up 1.9%, so house rents increased faster than unit rents this year.

Which of those outcomes matters to you depends on whether you are prioritising capital growth or rental income, and that is for you to decide based on your 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	$1.31M	N/A
Change in value Past 12 months	17.1%	N/A
Sold Past 3 months	39	3
Median days on market Past 12 months	64	N/A
Average rent Past 12 months	$700	$525
Change in rent Past 12 months	5.6%	1.9%

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