Schools? There are some awesome ones and not so awesome ones. I think, I would move if I had kids so that they would get to go to Churchlands SHS (public and artsy and awesome academically). ;)

Adelaide is pretty, and laidback (there is a bit of urban decay but it adds to the appeal for me). I didn't notice any issues with the tap water (I drank ALOT of it). There isn't much to do there, but you gotta make your own fun. There are some awesome artists and musicians coming outta there. From a cyclist POV I would love to spend some more time there.