Taperoo is an old Aboriginal word for calm, and that’s not a bad way to sum up this primarily residential LeFevre Peninsula suburb.
What really makes it stand out is its excellent level of relative affordability, and a strong rental market. Median prices compare very well with neighbouring Largs Bay North Haven, for example.
“There are boat ramps nearby, and it offers good affordability for people that are looking for the beachside lifestyle. There aren’t many places that can offer coastal living at these prices,” says Harcourts Semaphore sales consultant Phil Tan.
He notes however that what Taperoo’s median price figures don’t reveal is that it’s something of a tale of two cities in terms of property prices.
“There’s a mix of properties in Taperoo,” he says. “Properties on the west side of Victoria Road are more popular, and sell for better prices, as they’re closer to the beach. The cheaper, sub-$250,000 properties are on the east side, closer to the port area.”
He notes that rents are naturally higher in beachside areas, and this is the area that a large proportion of investors head to, but that you’re more likely to find a neutrally or positively geared property in eastern zones.
The rental market here is certainly solid, with yields sitting at around 5%, and the monthly vacancy rate being consistently below 1% for the past couple of years.
Renters made up 41% of the area’s population base at the 2006 Census, and SQM predicts that this figure will rise to 56% in 2011 and 64% in 2016. Average annual population growth in the local SLA reached 0.6% over the past four years.
Taperoo may be a bit out of the way, tucked up around 18km from the CBD above Port Adelaide, but it does have a train station that gets residents to the city in half an hour. Amenity highlights are the beach and a good selection of schools (Tan highlights Ocean View College). There are basic shopping options here, including an IGA and a handful of restaurants and cafes, while the larger shopping centres are found around 5km south in Port Canal or 10km south in West Lakes.