Buying a home in Adelaide’s most exclusive neighbourhoods might seem out of reach, but there are affordable opportunities hidden in plain sight. With a bit of expertise and guidance, you can uncover value in areas often associated with premium price tags.
In a recent article by realestate.com.au, author Lydia Kellner highlighted some of the more affordable properties available in Adelaide’s top suburbs such as Medindie and Tennyson. The recent sales of these properties are excellent examples, which we’d like to showcase. Additionally, we would like to highlight the value of purchasing in suburbs adjacent to exclusive suburbs, like a recent purchase make by one of our Adelaide experts in Novar Gardens (adjacent to Glenelg North).
Adelaide Buyer’s Agent David King says, ‘it’s definitely possible to buy property in areas that may seem unaffordable, if you have the right assistance. I’ve been able to help clients get into premium areas for much less than they initially expected. Sourcing properties on the fringes of exclusive areas is also a strategy I often employ.”
“I think ultimately, it’s about being open to the potential of a property and having the right strategy from sourcing through to negotiation. Engaging a buyers agent can make that process much easier.”
Realestate.com’s recent article highlighted good quality properties which sold below expectations and well below the suburb’s median house price.
Examples of Affordable Properties in Adelaide’s Elite Suburbs
Property 1. Medindie, SA
Median House Price: Approx. $3,300,000 (data sourced from Realestate.com)
Known for its stately homes and leafy streets, Medindie is a sought-after suburb that offers more than just luxury living. David King added “Medindie has some fantastic opportunities if you’re willing to consider smaller properties or ones that need a little TLC.”
For example a 4 bed house on 1000+ sqm in Malvern, 18 Briar Avenue, Medindie, SA 5081, sold for $2,350,000, which is $950,000 below the suburb’s median.
Property 2. Tennyson, SA
Median House Price: Approx. $2,235,000 (data sourced from Realestate.com)
Tennyson’s appeal lies in its beachfront lifestyle, but you don’t need to break the bank to own property here.
For example a 3 bed house on 509sqm sold for 1,790,000 at 16 Mawson Close, Tennyson, SA. That’s $930,000 below the suburb median house price.
A Buyers Agent in Tennyson can help you find homes that offer value for money, whether it’s a compact beachside unit or a property with the potential to add value by renovating.
Property 3. Novar Gardens, SA (adjacent Glenelg North)
Purchased by David King
Median House Price: Glenelg North $1,300,000 (data sourced from Realestate.com)
Novar Gardens is a peaceful suburb located just 8kms from the CDB and only minutes from Glenelg, one of the city’s most popular beach destinations and property price hotspots. “Novar Gardens has seen significant growth in the last 3 years, but still represents great value in comparison to the exclusive neighbouring suburbs – it’s a hidden gem,” says David King.
David recently purchased a 3 bedroom, 2 bath room villa for $674,000 at 2/10 Links Road, Novar Gardens SA . This home is another prime example of being able to enter a fantastic suburb at an affordable price point, approx. $375,000 below the median house price and well below what you would expect to pay for the same property in the neighbouring coastal suburbs.
The Benefits of Using Buyers Agent Services
Finding opportunities like these can be tricky, and the best way to get ahead of other buyers in the market is through a buyers agent. They will be able to find out what’s coming to market and what’s off-market. Using a Buyers Agent in Adelaide isn’t just about convenience — it’s about gaining a strategic advantage. Here’s why many buyers are choosing to partner with Cohen Handler:
- Local Knowledge: A good Buyers Agent knows the neighbourhoods intimately, including the best streets and hidden opportunities in areas like Medindie and Malvern.
- Negotiation Skills: Having someone who understands local market trends and can negotiate effectively can save you thousands. Learn more about our negotiation expertise.
- Off-Market Access: Many of the best properties never make it to the public market. Buyers Agents often have access to off-market listings, ensuring you get a first look at desirable homes.
Looking to secure a home in Adelaide? Our team will help you save time, reduce stress, and maximise your investment. Contact us today to get started.