If you’re searching for affordable homes in Adelaide, you’re in luck. The city offers a variety of properties under $300,000 that don’t skimp on amenities or desirability.
Whether you are venturing into the real estate market for the first time or looking to expand your portfolio, Adelaide offers properties for sale that provide both value and quality living in one of Australia’s beloved cities.
Understanding the Adelaide property market can provide potential buyers and investors with valuable insights into where the market is heading.
For those interested in houses, it’s easy to find houses for sale in Adelaide that cater to a variety of tastes and budgets. In this article, we will list 5 houses for Sale Under $300,000 in Adelaide for those looking for cheap but decent properties to buy or invest.
$259,000 – $279,000 – Main South Road, Hackham West, SA
This compact apartment in Hackham West, SA, is an excellent opportunity for buyers seeking an affordable entry into the market.
The unit is neatly positioned at the back of a quiet group and has been updated with fresh paint and flooring. It features a private porch, a maintenance-free backyard, and includes a carport and additional lockup storage.
Amenities include:
- One bedroom with a built-in robe
- Split system air conditioning
- Private entry and rear yard
- Updated interiors
- Currently rented providing immediate income
- Proximity to shopping centres and quick access to the expressway
For more details, you can visit the property’s listing on Soho.
You can check out more properties for sale in Hackham West SA 5163.
Under $300,000 Range – Davey Street, Elizabeth Park, SA
This home in Elizabeth Park, SA, is a semi-attached residence needing renovation, presenting a great investment opportunity.
It features three bedrooms, a lounge, and a combined kitchen and dining area. Located in a desirable suburb, it offers easy access to local amenities like schools, shops, parks, and public transport, making it an attractive option for both living and rental income prospects.
Amenities include:
- Three bedrooms and one bathroom
- Spacious lounge room
- Combined kitchen and dining area
- 653 sqm allotment
- Potential rental income of $330-$350 per week
- Close to essential services and transport links
For more details, you can visit the property’s listing on Soho.
You can check out more properties for sale in Elizabeth Park SA 5113.
Under $300,000 Range – Strathaird Boulevard, Smithfield, SA
This property in Smithfield, SA, is situated in an over 50’s gated community, offering a two-bedroom home with a secure carport and modern comforts such as ducted heating/cooling and automatic roller shutters.
The community is close to shopping centres and offers a range of amenities including a community hub and recreational facilities.
Amenities include:
- Two bedrooms with built-in wardrobes
- Modern kitchen with island bench and dishwasher
- Ducted reverse cycle heating and cooling
- Secure carport with roller door
- Fully paved rear yard with rainwater tank
- Located near public transport and the Northern Expressway
For more details, you can visit the property’s listing on Soho.
You can check out more properties for sale in Smithfield SA 5114.
$295,000 – $315,000 – Salisbury Highway, Salisbury, SA
This property is a two-bedroom apartment located in Salisbury, SA, in a private gated community. It’s conveniently positioned within walking distance to Parabanks Shopping Centre and Salisbury Interchange, making it ideal for first-time buyers, investors, or those looking to downsize.
The unit features an open plan living area, evaporative cooling, and a well-appointed kitchen.
Amenities include:
- Two generous bedrooms
- Open plan living and dining area
- Evaporative cooling and additional air conditioning
- Reserved carport in a gated community
- Proximity to shopping and transport facilities
- Currently tenanted on a periodic lease
For more details, you can view the property’s listing on Soho.
You can check out more properties for sale in Salisbury SA 5108.
$300,000 Range – 11/50 Andrews Road, Penfield, SA
This home at 11/50 Andrews Road in Penfield, SA, is a one-bedroom unit within the NCRV over 50s residential community, offering a secure and low-maintenance lifestyle. It features a practical kitchen and lounge area, with heating/cooling units for comfort.
The property also includes a side entrance via a carport with a roller door and is complemented by a garden with irrigation and multiple sheds.
You can check out more properties for sale in Penfield SA 5121.
FAQ on Adelaide Real Estate
What is the average house price in Adelaide, Australia?
The median property prices over the last year in Adelaide are $926,000 for houses and $460,000 for units. Houses in Adelaide typically rent for $590 per week with an annual rental yield of 3.6%, and units rent for $540 per week with a rental yield of 6.0%.
Where is the cheapest place to live in South Australia?
The most affordable suburbs in South Australia are Elizabeth, Davoren Park, Salisbury, Smithfield, and Playford, offering significant savings compared to the Adelaide CBD’s median house price.
Have house prices fallen in Adelaide?
House prices in Adelaide have rebounded, increasing by 10% in 2023 to a median selling price of $806,100 after a drop towards the end of 2022.
Why is Adelaide real estate so expensive?
Real estate prices in suburbs up to 40km south of Adelaide have risen substantially over the past two years. This increase is driven by demand from buyers seeking to invest or live in an area offering an attractive lifestyle.
Discover More About Adelaide’s Real Estate Market
As you explore the real estate opportunities across Adelaide, including the vibrant suburbs of Hackham West, Elizabeth Park, Smithfield, Salisbury, and Penfield, it becomes evident that the city offers a diverse range of properties catering to different lifestyles and budgets.
From compact apartments to spacious homes needing renovation, each property listed provides unique benefits, whether it’s proximity to Adelaide CBD, local amenities, or the tranquility of a secure community.
Whether you’re buying your first home or seeking a valuable investment in Adelaide SA 5000 and its surrounding suburbs, the real estate market here is robust and inviting.
Browse real estate agencies in Adelaide for the latest property listings or delve into suburb profiles for neighbourhood information that will guide your decision-making process.
In Adelaide, properties for sale not only meet a broad spectrum of preferences but also promise a lifestyle that aligns with both convenience and quality.
From the bustling streets of North Adelaide to the quiet enclaves of Collinswood SA 5081, every suburb presents an opportunity to find your perfect home or investment property.
For those interested in the latest property listings around Adelaide and nearby suburbs or seeking advice on the real estate market, remember to use easy filtering options on listings and consider discussions for local forums to gather insights from real residents.
Adelaide’s property market is dynamic and offers something for everyone, making it a prime location for potential homeowners and investors alike.
Visit our listings and find houses that match your needs, or view our suburb profile for more detailed neighbourhood information and reviews. The city of Adelaide not only promises a rewarding real estate investment but also a quality lifestyle that continues to attract buyers from all walks of life.
The High End of the Market
For those looking at the upper end of the market, understanding the nuances of the most expensive house in Adelaide can offer insights into luxury trends and market demand in premier locations. These properties often feature cutting-edge design, expansive landscapes, and top-tier amenities.
Those looking to explore more about what the city has to offer can browse real estate for sale to find a property that matches their needs and aspirations.
