Wondering where to find the cheapest suburbs in Adelaide? Property prices in Adelaide, the capital city of South Australia, have handsomely increased in the recent past. And the Australian real estate market will keep on booming in the future.
Now, the interest rates are up again, and buying property in Australia is getting more expensive. So, we get that finding an affordable property in Adelaide suburbs can be challenging due to the overwhelming number of home buyers competing for cheap housing.
But fret not, Adelaide caters to budgeters and big spenders alike. You have the richest suburb in Adelaide, where the median price is $2,034,300 and the more affordable suburbs like the ones on this list with houses under $200,000.
To make the home quest easier for you, we have enlisted the top 5 cheapest suburbs in Adelaide to buy property. These are safe suburbs offering multiple benefits to live or invest in properties. No matter what corner of the globe you’re exploring, it’s always interesting to look at real estate trends.
For example, if you’re intrigued by property investments or simply curious, check out this in-depth analysis of the dramatic growth in Adelaide house prices over the last 10 years.
So, let’s look at the most affordable areas in Adelaide.
Next Steps: Making a wise property investment requires thorough research. Enhance your knowledge base with our expert guide about buying a house in Adelaide.
5 cheapest suburbs in Adelaide to buy property
We have thoroughly scrutinised Adelaide suburbs listings to find the most affordable suburbs with great living perks. Furthermore, we have shortlisted the top 5 South Australian suburbs with the cheapest properties.
- Median house price: $320,000
- Median rent: $350
Elizabeth North, which is located in Adelaide’s north, is one of the cheapest neighbourhoods. This suburb was established as a residential suburb in the late 1950s. It was established as part of the City of Elizabeth. Elizabeth South and Elizabeth are neighbouring suburbs of Elizabeth North.
Moreover, this suburb is an excellent place to live and raise a family. Currently, Elizabeth North has over 3,000 residents.
Discover more properties for sale in Elizabeth North.
- Median house price: $360,000
- Median rent: $360
Elizabeth Downs is also one of the more affordable suburbs in Adelaide. If you’re looking for cheap houses for sale in the Adelaide suburbs, Elizabeth Downs should be on your list.
The suburb offers a quiet and serene living space with scenic views. Also, Elizabeth Downs is a great suburb for young families because it has primary and high schools.
Additionally, the sporting facilities in this neighbourhood are one of its most prominent attractions. Elizabeth Downs is home to many premium cricket, football, rugby, netball, and soccer clubs. Because of the low house prices in this suburb, more than 65% of properties are occupied.
Discover more properties for sale in Elizabeth Downs.
- Median house price: $307,500
- Median rent: $330
Elizabeth South is among the first established and populated suburbs in north Adelaide. This suburb is located on the sides of Philip Highway. Also, the Elizabeth South suburb is residential, with parks, schools, and shopping centres.
Alternatively, the southern Elizabeth South suburb is an industrial area. It has manufacturing sites for automotive, defence, and other industries. Furthermore, along with its multiple living perks, this suburb has an affordable median price for housing.
Discover more properties for sale in Elizabeth South.
- Median house price: $335,000
- Median rent: $350
Davoren Park was established in 1993 by the merger of the northern part of Elizabeth West and Elizabeth Field. This suburb is named after its pioneering family called the Davoren family. Locals also refer to it as ‘the Dav’. Davoren is only a half an hour’s drive from the Adelaide CBD.
Furthermore, the Playford North Urban Renewal project started in 2007 is set to improve Davoren Park’s living standards. Therefore, such development projects make Davoren Park one of the best southern suburbs to invest in for high land value.
Discover more properties for sale in Davoren Park.
- Median house price:$450,000
- Median rent: $435
The median house prices in the Hackham West suburb of Adelaide are highly affordable, ideal for people with challenging financial circumstances. Hackham West also has a shopping centre, primary school, community centre, and playgrounds.
Overall, Hackham West offers greater relative affordability than northern suburbs with multiple rental properties.
Discover more properties for sale in Hackham West.
People also ask
Is Adelaide a good option to invest in housing property?
Adelaide offers solid buying opportunities regardless of increased housing prices in the Australian market. Moreover, you can easily find houses for around $200,000 and expect profits in the future. Contrarily, the inner south, and northeastern suburbs are among the most expensive liveable suburbs in Adelaide.
Make sure you also look for cheap rentals in Adelaide to get a better idea on the rental market.
Which Adelaide region has the most affordable housing?
Adelaide’s north is one of the most affordable regions. The median prices here range between $400,000 to $500,000, whereas the prices may range to over $550,000 in Greater Adelaide.
What are the cheapest coastal suburbs of Adelaide?
The cheapest beachside suburbs of Adelaide are Seaford, O’Sullivan Beach, Aldinga Beach, and Christie’s Beach.