Are you a first homebuyer desperate to notch your first rung on the property ladder, or a budding investor keen to take the plunge?
If you’re property shopping in the affordable South Australian market, then you’re in luck! Here are some of the most affordable suburbs in Adelaide, where a little budget goes a long way.
Elizabeth and surrounds
The area in and around Elizabeth, in the local government area of Playford, is home to several affordable Adelaide suburbs, so it’s a great spot for bargain-hunters to find their next property. In Elizabeth South, the median house price is just $160,000, and in Elizabeth North it is $165,000. Elizabeth Downs has a median house price of $190,000, while Elizabeth Grove is a touch more expensive, with houses selling for a median of $205,000.
There are plenty of facilities in the area to keep a young family occupied, including sporting clubs, a shopping centre and a civic centre with library and theatre. For those commuting to the CBD, the journey is 24 kilometres and will take you around 40 minutes by car along Main North Road, or you could hop on the train and travel in via the Gawler line. There’s a tonne of infrastructure improvements and development going on in the area, so despite sluggish growth over the last decade, it seems the only way is up for this very affordable Adelaide region.
Close to Elizabeth, Davoren Park is another affordable Adelaide suburb within the Playford council area. Units here have a median sales price of $182,500, and with the median rent sitting at $245 per week, it’s also affordable for tenants. A long-term urban renewal project, Playford Alive, began here in 2007, with plans to lift the area from its working class origins to become a second CBD, so it could be a good time to buy an investment property here before prices take off.
Neighbouring Smithfield Plains is yet another affordable suburb in the area, with a median house price of just $180,000. Redevelopment has seen new schools, shops and restaurants spring up over the past few years, drawing young families to the suburb. It’s popular with renters too, making it a great place to build your investment portfolio.
Salisbury has a lot to offer, at a bargain price! There’s an abundance of lifestyle amenities on offer, including shops, cafes, restaurants and parks, and several schools, so it’s an affordable option for family buyers. The median unit price is just $199,000, while in Salisbury North you can snap up a house for as little as $247,500. Salisbury is 25 kilometres from the CBD, about 40 minutes by car, which is a long commute by Adelaide standards – however with house prices so affordable, it’s a solid tradeoff.
Morphett Vale began as an agricultural outpost, south of Adelaide, and has since grown to become the largest suburb in South Australia. With an array of public and private schools to choose from, and sporting facilities catering to bowls, football, tennis, netball, basketball, rugby and soccer, it’s an excellent place to raise a family. The median unit price in Morphett Vale is $226,500, while houses are selling for a median of $310,000.
Next to Morphett Vale lies Hackham West, 25 kilometres south of the Adelaide CBD in the local council area of Onkaparinga. The median house price here is just $246,000, or $178,500 for units, and there’s a primary school, community centre and shopping strip in the suburb. Full of green spaces and playgrounds, it’s both family-friendly and affordable.