Question 1

Is Woodcroft a nice place to live?

Accepted Answer

Woodcroft is a quiet, family-oriented suburb in Adelaide's southern suburbs with a solidly residential, low-density feel. Single-storey brick homes and pockets of newer townhouses sit around leafy reserves, playgrounds and sporting ovals. Day-to-day needs are met by a local shopping strip, community facilities and nearby schools, and arterial roads and bus services provide commuter options. It suits families and downsizers who want a calm neighbourhood with parks and local amenities while remaining within reachable driving distance of the city and coastal beaches.

A community of 11,326 people with a median age of 42, Woodcroft has a median household income of $1,664 a week, roughly $86,500 a year.

Families are dominated by couples: 45.8% are couple families with children and 37.6% are couple families without children, so more than eight in ten families are couples. One-parent families make up 15.6% and other families 1.1%.

Homes in Woodcroft are predominantly owner-occupied, totaling 83.9% (34.0% owned outright and 49.9% owned with a mortgage), while 16.1% of dwellings are rented.

Question 2

Is it expensive to live in Woodcroft?

Accepted Answer

On these figures, buying a house in Woodcroft sits well above local incomes. A $900,000 median house price is about 10.4 times a typical local household's annual income at the last Census. Renting a house at $620 a week would take about 37.3% of a typical local household's weekly income at the last Census, a sizeable share. That means buying is much higher relative to what local households earned at the last Census, while rent would still take a sizeable portion of weekly 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 Woodcroft a good place to invest?

Accepted Answer

House values in Woodcroft climbed 10.1% over the past year, a strong rise in what houses here are worth. Over the same 12 months house rents increased 3.3%, a modest rise, so capital growth outpaced rental income on the house side this year. Which of those outcomes matters to you will depend on whether your priority is price growth or rental income.

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	$900K	N/A
Change in value Past 12 months	10.1%	N/A
Sold Past 3 months	43	1
Median days on market Past 12 months	48	N/A
Average rent Past 12 months	$620	N/A
Change in rent Past 12 months	3.3%	N/A

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