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All About Peterborough, SA, 5422

As of the most recent observations, the housing market in Peterborough, South Australia, reflects its small-town charm and affordability, drawing interest primarily from those seeking a quieter lifestyle or looking to invest in more budget-friendly real estate. Compared to the more bustling urban centers, property prices in Peterborough are relatively low, making it an attractive option for first-time homebuyers or retirees. The market consists predominantly of detached houses, often characterized by their solid brick constructions dating back to the early and mid-20th century. While the market is relatively steady, with modest price fluctuations, the affordability factor remains a major allure. Additionally, for investors, the rental market offers decent yields, as the town's affordable cost of living attracts a steady stream of residents who prefer renting.

Living in Peterborough offers a distinct small-town lifestyle enriched by a strong sense of history and community. Residents enjoy a slower pace of life, characterized by friendly interactions and a tight-knit community atmosphere. The town, set amidst scenic rural landscapes, provides a tranquil environment that is ideal for those looking to escape the hustle and bustle of larger urban areas. Local amenities, while limited compared to larger cities, cover essential needs, including shops, schools, and healthcare services. The town also celebrates its rich railway heritage through attractions such as the Steamtown Heritage Rail Centre, offering cultural and educational experiences. While entertainment options might not be as extensive as in bigger cities, the proximity to nature allows for outdoor activities like hiking and exploring the stunning nearby countryside. Overall, Peterborough offers a simple yet fulfilling lifestyle, especially appealing to those who value community, history, and affordability.

Household Makeup

Median Weekly Rent $155.60
Median Monthly Mortgage $524.20
Median Persons Per bed houseroom 0.62
Average Household Size 2.00
Average Age 54.80
Average Income $458.60
Average Cars Per Dwelling 1.49
Average Properties Within 50M 5
Typical 1 bed house$109,000
Typical 2 bed house$112,000
Typical 3 bed house$162,000
Typical 4 bed house$255,000
Typical 5 bed house$296,000
Typical 6 bed+ house$390,000

Housing Stock

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Peterborough Real Estate Market Outlook

Thinking about buying in Peterborough? Now could not be a better time, with 1652 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $148,000 with prices in this suburb ranging from $15,000 to $650,000. The aproximate distance to the coast is 72 Km.

In Peterborough there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Peterborough is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Peterborough leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Peterborough to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Peterborough we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Peterborough a better buying opportunity than it may have been in the past.

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Local Schools

St Joseph's School

Peterborough High School

Peterborough Primary School

(While the above schools are located with the suburb of Peterborough there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Peterborough weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.016.834.218.063.74.428.2
Feb0.915.832.819.766.14.025.2
Mar0.613.028.824.073.13.620.4
Apr0.49.124.527.873.43.416.4
May0.56.319.638.582.03.412.4
Jun0.53.415.846.387.53.310.6
Jul0.53.315.941.285.13.911.2
Aug0.43.717.731.980.14.113.9
Sept0.86.721.927.377.24.518.9
Oct0.49.425.421.175.44.425.8
Nov0.812.629.717.768.24.128.2
Dec0.415.032.316.263.54.630.0

source: Australian Government Bureau of Meteorology



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