The home you’ve dreamed of, at a price you’ll have wished for
Living in South Australia is inexpensive. Adelaide is an inexpensive city by international standards, as rated by the Mercer Consulting Group, and its housing is the most affordable among Australia’s mainland capitals.
In South Australia’s regions you will find a range of accommodation styles for rent and to buy at prices unheard of in many other parts of the developed world.
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Median house prices
The median house price in Adelaide is around $392,100 compared with $458,900 in Melbourne, $510,800 in Sydney, $476,400 in Brisbane and $492,400 in Perth.
You can own your own home in Adelaide for less—or simply buy more house for the same amount.
- if you own comparatively modest properties in cities like Sydney, Melbourne, London, New York or Tokyo, you will be astounded what you can buy in Adelaide with the same money – space for you and your family, close to the things you care about
- regional house prices in South Australia are usually lower than those of Adelaide
- while South Australia's housing costs are much lower than the eastern States, incomes are not
- South Australia has a whole range of housing to suit all needs, all tastes and all budgets. Inner-city apartment-living is popular in the Adelaide CBD and the beach suburb of Glenelg—but there's still a fantastic amount of space and land relatively close to city centres, which means people can build substantial family homes should they wish. Much of South Australia's historic housing is still standing, adding to the aesthetic appeal of Adelaide and the regional centres
- potential homebuyers have access to the unique South Australian Government home loan scheme called HomeStart Finance. This offers a variety of products and services with great features such as low entry costs and even low or no deposit loans. Those with a degree or diploma who choose to live in South Australia may be able to take advantage of HomeStart's Graduate Loan
- eligible people buying their first home may be eligible for a First Home Owner Grant .
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Renting
Rental prices in Adelaide are significantly cheaper than their eastern state equivalents.
In Adelaide it costs less to rent a three-bedroom suburban house than it does in Australia’s other mainland capitals.
A three-bedroom house in Adelaide’s middle suburbs rents for a median price of $300 a week. A similar property in Sydney rents for $450 a week (March 2010).
Further reading, Residential tenancies information
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Property Overview
Following are examples of the types of properties available in and around Adelaide.
Note: Houses shown are not necessarily for sale.
For actual examples of properties currently for sale in South Australia, visit www.realestate.com.au.
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2-bedroom city apartment
8 minutes from the city and airport
Classic Tudor close to the city
Split level 3-bedroom in the Adelaide foothills
Modern 4-bedroom house 15 minutes from the city
