Whilst Adelaide offers the same lifestyle and opportunities as other cities in Australia, South Australia is a place where you can afford to do more.
More than two-thirds of the people who live here own, or are buying their homes. The median price of houses sold in Adelaide (Domain group, June 2017) was A$524,968 compared to A$1.17 million in Sydney or A$865,712 in Melbourne. Private rental of houses and apartments is also comparatively more affordable, with median rents of $360 per week.
Regional house prices in South Australia are even less than those of Adelaide.
Most homes are detached houses on separate allotments ranging in style from historic villas and cottages to modern homes. Most have three or more bedrooms. HomeStart is a State Government organisation that is 100% focused on providing home loans for South Australians. Whether you’re a first home buyer or an existing home owner looking for a fresh start, HomeStart could help you get into your own home sooner, through a variety of products such as:
- Low deposit loans
- Graduate loans for people with a Cert IV or higher qualifications
- Products to increase your borrowing power
HomeStart also runs free seminars to provide tips and advice about the home buying process. For eligibility to apply for a loan, click here
Further information can be found by visiting:
Please note that as of 1 January 2018, a Foreign Ownership Surcharge will be applicable to foreign persons (or corporations) purchasing residential land in South Australia that is subject to Stamp Duty. This surcharge will affect temporary or provisional visa holders. Learn more here.
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