National dwelling prices have fallen for the thirteenth month over the past 15 months, with Adelaide having a quarterly fall of only .1%. While a shaken banking sector has seen lending restricted, impacting on auction activity and clearance rates, there are a greater number of opportunities in Adelaide than other major markets for those looking to build long term wealth through renovations.
Amongst the 50 properties below that are for sale for under $500,000, you will find a surplus of homes sitting on sizeable land and waiting for modest investment that can translate into capital gains. Thanks to the relatively small size of Adelaide, there are also large numbers of these homes close by to some of Australia’s most beautiful beaches. With SA sitting alongside Tasmania and the ACT as the most energy-progressive states in Australia, an investment in an Adelaide home is something worth considering.