Adelaide is a city on the move, with a growing population, affordable real estate and investment from governments of all level in industry, infrastructure, and liveability measures. As a result, CommSec’s State of States Report showed South Australia taking first place in economic performance. It is an increasingly competitive property market as people look to take advantage of all the city has to offer, as well as investment opportunities.
For locals, or people looking to move to Adelaide to take advantage of the affordable property and those looking to invest, we have put together an insider’s guide to Adelaide, and where you may want to buy.
Adelaide’s Housing affordability scale: House prices in Adelaide have steadily been on the rise over the past 12 months, up 11.15% with further growth expected in 2024.
Catherine Norris, our lead Buyer’s Agents for the Adelaide Team has stated “For those looking to live in sought after areas, you can expect to pay between $1 million and $1.5 million, and for luxury high end markets anywhere from $2 million and beyond.”
With that said, Adelaide is still relatively affordable when looking at PropTrak’s Dec 2023 median house prices. Adelaide’s median house price is $758,000 compared to Sydney’s $1,368,000, Melbourne $916,000 and Brisbane’s $879,000.
Approximate price brackets for different property types and areas in Adelaide
| Houses | Units |
| Entry family homes: $800,000 – $1,000,000 | Low range: $350,000 – $600,000 |
| Mid market: $1,000,000 – $1,500,000 | Mid market: $750,000 – $850,000 |
| High end market: $2,500,000 + | High end market: $850,000 – $1,200,000 |
Where Do Growing Families Want to Live in Adelaide?
Suburbs with good schools, parks, and family-friendly amenities are essential for growing families, and Adelaide has no shortage of these. Key areas to consider based on desirability and their median price are Mitcham ($1,376,000), Colonel Light Gardens ($1,098,489) and Burnside ($1,516,247), which are sought-after for their excellent schools and spacious homes.
Upscale Living in Adelaide:
Affluent neighbourhoods with high-end properties and amenities. Key suburbs to consider include Toorak Gardens ($1,855,000), Springfield and Medindie ($2,965,000), Unley Park ($2,462,500) and North Adelaide ($1,525,000), which are known for their luxurious residences and prestigious addresses.
Working Professionals hotspots in Adelaide:
Areas close to the CBD and major business districts. Key suburbs to consider include Unley ($1,638,929) and Parkside ($1,444,450) and Norwood ($1,407,029) and Kent Town ($737,500) which offer a balance of accessibility to work hubs, upscale living, and a range of amenities such as the vibrant cafes like Industry Beans , Argo and boutique shopping on Unley Road, and Victoria Park.
Beachside living in Adelaide
The western suburbs, particularly along the coastline are perfect for those who love to be by the water. Key suburbs to consider include Glenelg ($1,320,000), Henley Beach ($1,312,594) and Brighton ($1,053,328) are popular choices for those seeking a relaxed beach lifestyle. Whether you prefer the lively atmosphere of Jetty Road in Glenelg, the vibrant Henley Square with its array of cafes, or the serene surroundings of Brighton Beach, these suburbs offer diverse options for every taste. Additionally, exploring local gems like The Moseley in Glenelg, Estia Greek Restaurant in Henley Beach, or The Jetty Café in Brighton can provide unique experiences for residents and visitors alike.
Adelaide’s Countryside Charm:
Adelaide Hills, offering serene and picturesque environment. Key suburbs to consider include Stirling ($1,188,835) and Aldgate ($1,220,342) as popular choices for those seeking a more rural feel while still being relatively close to the city. The Adelaide Hills are renowned for their tight-knit community and inviting atmosphere. Hahndorf stands out as a beloved German town brimming with character, while Stirling is known for its charming leafy streets. Alternatively, Mount Barker offers a more commercially oriented environment, providing diverse options within the Adelaide Hills region.
Inner-City Vibes:
Apartment living in Adelaide’s inner-city areas has become more popular with downsizes and anyone seeking greater convenience and low maintenance lifestyles. Lots of development are occurring as a result of this increased popularity as many enjoy being close to world renown restaurants, trendy cafe’s and Adelaide’s festivities.
Adelaide is the place to be:
Adelaide has a diverse and established housing market, and one of the best lifestyles in Australia.
Get in touch with our team in Adelaide to help you figure out the best property and area for you. Our Adelaide Buyer’s Agents are highly experienced, connected and can help you navigate Adelaide’s property market with confidence.
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