Adelaide is a city experiencing significant growth, driven by a rising population, affordable real estate, and robust investments from various levels of government in industry, infrastructure, and liveability enhancements. As a result, South Australia has topped CommSec’s State of the States Report for economic performance. With Adelaide’s increasing popularity, the property market has become highly competitive, attracting those eager to capitalize on the city’s many opportunities, whether for personal residence or investment.
For both locals and those considering a move to Adelaide to take advantage of its affordable housing and investment potential, we’ve created a comprehensive guide to some of the city’s prime property locations.
Adelaide’s Housing Affordability Landscape
Adelaide’s property market has seen consistent growth over the past year, with house prices increasing by 11.15% and further gains anticipated in 2024.
Despite this, Adelaide remains relatively affordable when compared to other major cities. PropTrak’s December 2023 data shows Adelaide’s median house price at $758,000, which is considerably lower than Sydney’s $1,368,000, Melbourne’s $916,000, and Brisbane’s $879,000.
Price Brackets for Various Property Types and Areas in Adelaide
Houses
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- Entry-level family homes: $800,000 – $1,000,000
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- Mid-market: $1,000,000 – $1,500,000
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- High-end market: $2,500,000+
Units
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- Low range: $350,000 – $600,000
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- Mid-market: $750,000 – $850,000
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- High-end market: $850,000 – $1,200,000
Top Suburbs for Growing Families in Adelaide
For families, access to good schools, parks, and family-friendly amenities is crucial. Adelaide offers several ideal suburbs, including Mitcham ($1,376,000), Colonel Light Gardens ($1,098,489), and Burnside ($1,516,247), known for their excellent schools and spacious homes.
Upscale Living in Adelaide
Affluent neighbourhoods with luxurious properties and premium amenities are a hallmark of Adelaide’s upscale living. Consider suburbs like Toorak Gardens ($1,855,000), Springfield and Medindie ($2,965,000), Unley Park ($2,462,500), and North Adelaide ($1,525,000) for prestigious addresses and high-end homes.
Hotspots for Working Professionals in Adelaide
Proximity to the CBD and major business districts makes certain areas ideal for professionals. Suburbs such as Unley ($1,638,929), Parkside ($1,444,450), Norwood ($1,407,029), and Kent Town ($737,500) offer the perfect blend of accessibility, upscale living, and amenities like the vibrant cafes and boutique shopping along Unley Road and in Victoria Park.
Beachside Living in Adelaide
For those who dream of living by the coast, Adelaide’s western suburbs offer excellent beachside options. Suburbs like Glenelg ($1,320,000), Henley Beach ($1,312,594), and Brighton ($1,053,328) are favourites among those seeking a relaxed coastal lifestyle. Whether you enjoy the lively atmosphere of Jetty Road in Glenelg, the vibrant scene at Henley Square, or the tranquil surroundings of Brighton Beach, these suburbs cater to a range of preferences. Local spots such as The Moseley in Glenelg, Estia Greek Restaurant in Henley Beach, and The Jetty Café in Brighton offer unique experiences for residents and visitors alike.
Adelaide’s Countryside Appeal
The Adelaide Hills region offers a serene and picturesque environment for those seeking a more rural lifestyle. Popular suburbs like Stirling ($1,188,835) and Aldgate ($1,220,342) provide the charm of the countryside while remaining close to the city. The Adelaide Hills are renowned for their close-knit communities and welcoming atmosphere. Hahndorf, a beloved German town, is rich with character, while Stirling is noted for its leafy, picturesque streets. Alternatively, Mount Barker offers a more commercially developed environment, presenting a diverse range of options within the Hills region.
Inner-City Living in Adelaide
Apartment living in Adelaide’s inner-city areas is increasingly popular among down-sizers and those seeking convenience and a low-maintenance lifestyle. This trend has spurred a wave of new developments as people are drawn to the proximity to world-class restaurants, trendy cafes, and the vibrant cultural scene that Adelaide has to offer.
Adelaide: The Place to Be
Adelaide boasts a diverse and established housing market, coupled with one of the best lifestyles in Australia.
Connect with the team at Adelaide Buyers Agents to find the perfect property and area for you. Adelaide Buyer’s Agents will guide you through the city’s property market with confidence.
Our Meta Financial Specialists are also available to address your queries. Schedule a session at your convenience.
