House prices in Adelaide have experienced significant increases over the years, hence affordable homes in Adelaide have become increasingly popular.
Despite the prince increase in homes, there are still opportunities to discover great deals if one is willing to embark on a diligent search.
It may involve exploring areas further away or considering neighborhoods considered less desirable. But note that these locations present potential and are typically just a 30-minute commute from the city.
Moreover, these properties are often priced well below $200,000, a prospect that residents of Melbourne and Sydney can only fantasize about.
Adelaide offers an appealing environment for those seeking affordable housing. And this is from the charming streets of Davoren Park to the emerging communities of Elizabeth Vale.
So, grab your map, lace up your walking shoes, and let’s embark on an intriguing journey into Adelaide’s captivating and budget-friendly real estate market.
Table of Contents
Adelaide is widely recognized as a highly secure city to reside in. The crime rate in affordable homes in Adelaide is lower compared to other major urban regions in South Australia.
Although property-related offenses happen, violent crime is infrequent in the downtown and inner suburbs. It is worth noting, however, that certain outer suburbs exhibit slightly higher crime rates than the city’s average.
Ensuring personal safety is of utmost importance regardless of your travel destination. Certain fundamental guidelines should always be kept in mind. Vehicles drive on the left-hand side of the road in Adelaide. Therefore, checking both directions carefully before crossing the street is imperative.
Additionally, using designated pedestrian crossings when crossing roads is advisable, and refrain from using your phone. Hitchhiking is strongly discouraged for safety reasons.
There are many locations where you can purchase your public transport tickets. If public transportation is unavailable for your intended destination, conducting thorough research will help you identify charter buses heading in the desired direction.
Read More: Affordable Homes In Defuniak Springs
Adelaide presents favorable prospects for purchasing property, even in light of the rising housing prices in the Australian market.
In fact, it is feasible to find houses near $200,000, with the potential for future gains. The inner south and northeastern suburbs of Adelaide, however, tend to be the pricier residential areas in terms of affordability.
Prefab Home in Adelaide
Prefabricated homes, also known as “prefab,” are constructed in a factory with some assembly or construction done at the actual home location. The average cost to build a modular prefabricated home in Adelaide goes around $270,000.
The two main types of prefabricated homes are modular and manufactured. The key distinction between these two is that modular homes are permanent structures, whereas manufactured homes are designed to be movable.
Adelaide Tiny Homes
When it comes to affordability, a tiny home emerges as a cost-effective housing option in Adelaide. Typically spanning under 600 square feet, with an average size of just 225 square feet according to a survey conducted by Porch.com, tiny homes prove to be compact living structures.
You can build a tiny home at about 87% cheaper than traditional homes.
Affordable Homes Builders in Adelaide
In the current landscape of soaring construction costs, including Adelaide and various parts of the world, the quest for a reliable and affordable builder has become increasingly crucial.
In South Australia alone, a vast selection of over 100 home builders exists, making it challenging to determine the best starting point amidst this abundance of choices. Here are some affordable homes you can consider in Adelaide.
Affordable homes in Adelaide builder, Burbank Homes, a Victorian-based home builder, has expanded its operations to South Australia. Burbank Homes has been in the industry since 1983, Burbank Homes now has four display homes throughout Adelaide.
They offer exciting guarantees, including a six-month price freeze and fixed site costs, ensuring peace of mind for potential homeowners.
Fairmont is a prominent construction company in SA, boasting over five decades of experience. They excel in delivering competitive prices and efficient project completion, making them an excellent option for those entering the real estate market for the first time.
Situated in Kent Town, their main office is conveniently close to the bustling Adelaide CBD, just a short distance away.
If you need help deciding whether to choose steel for your affordable home construction in Adelaide, Rivergum could be the ideal choice. They are among the few builders in South Australia who provide both timber and steel frame options, making them the experts to consult.
Moreover, if you’re planning to build in rural areas, Rivergum is an excellent option. In addition to serving the Adelaide metro area, they extend their services to towns like Renmark, Port Pirie, and Tailem Bend.
Statesman Affordable Home Builders in Adelaide
Another esteemed member of the Hickinbotham Group, Statesman, has been constructing affordable homes for the residents of South Australia since 1997!
They specialize in creating affordable, family-oriented homes and boast an extensive selection of house plans to accommodate various budgets.
Compared to SA Housing Centre, Statesman offers more standard inclusions, positioning itself as the “mid-tier” choice within the Hickinbotham Group.
Statesman Homes have an average of 4.5 stars on both product Revies and Google, proving their consistency in achieving the highest satisfaction rates in the industry.
Week offers an excellent option for individuals seeking to construct affordable homes with a steel frame in Adelaide. Their website showcases a variety of house and land packages priced below $500,000, ensuring there is something to suit every preference.
Moreover, with display homes conveniently located in Angle Vale, Morphettville, Mount Barker, Playford Alive, and Seaford, you won’t have to travel far to engage with a sales representative.
Affordable Homes Examples in Adelaide, South Australia
At this point, we took the liberty to compile a list of some of the affordable homes that you would expect to run in to in Adelaide. Have a read, and hopefully you would know what to expect when looking for an affordable home in South Australia.
7 Manningford Rd, Elizabeth South Affordable Home in Adelaide
Presenting a charming three-bedroom residence, this exquisite house sits on a well-maintained 450sqm corner block near convenient public transportation, including the Gawler Train line, just a short four-minute drive away.
Enjoying a favorable location, it offers easy access to the Elizabeth City Centre and local shops. The interior boasts an inviting L-shaped lounge and dining room adorned with an enchanting open fireplace, accompanied by a separate kitchen featuring a freestanding electric oven and stove, complemented by polished floorboards throughout.
Step outside to discover a delightful pergola, secure parking behind gates, and fully fenced yards, ensuring privacy and tranquility.
The selling agent projects an attractive rental return potential ranging from $240 to $250 per week for this remarkable property.
30 Mavros Rd, Elizabeth Downs
$155,000 to $165,000
Situated close to transportation and schools and between the Elizabeth and Munno Para shopping centers, this Elizabeth Downs fixer-upper occupies an expansive 830sqm plot. While this affordable home in Adelaide requires some tender care, the fruits of your labor will be abundant.
The residence comprises three bedrooms, a generously sized eat-in kitchen adorned with timber elements, an electric stove, and a separate living room.
The property boasts a spacious backyard and is presently occupied by tenants at a rental rate of $230 per week.
Affordable Home in 22 Sedgehill Road, Elizabeth North, Adelaide
$145,000 to $155,000
Located on a generous 840 square meter plot, this charming brick property presents an exciting opportunity for those willing to invest some effort for substantial rewards.
Alternatively, it serves as an excellent prospect for development, pending the necessary approvals. Boasting three bedrooms, this home is ideally situated in close proximity to Elizabeth and Munno Para shopping centers, schools, and transportation options.
While it requires tender loving care, the residence features an original kitchen/meals area, a restoration bathroom, and a formal lounge. Throughout the home, you’ll find the enduring charm of original pine timber flooring, providing a timeless appeal.
Additionally, this affordable home in Adelaide offers an alfresco entertainment area on the veranda, a lockup carport accommodating up to three vehicles, and a 5.9m x 6.2m shed equipped with power.
23 Laverstock Road, Elizabeth North
$155,000 to $170,000
Nestled on a generous 606 sqm corner block within a tranquil street, this residence offers convenient access to all amenities, making it an ideal choice for first-home buyers, downsizers, and investors.
Immaculately presented, the home boasts three comfortably carpeted bedrooms, a recently updated kitchen, a spacious L-shaped lounge and dining area, and a well-maintained bathroom. Step outside and discover an inviting entertainment area and a sizable backyard.
While 26 Turner Rd, Elizabeth Park, may not be a freestanding property, this three-bedroom maisonette represents one of Adelaide’s most affordable listings, making it a true gem worth uncovering.
The interior is bathed in natural light, featuring a welcoming lounge room upon entry, a modern kitchen, and dining space, while the bedrooms gracefully line one side of the home.
To further surprise and delight, the backyard reveals a delightful addition – an inclusive built-in playground with the property. There is ample space for children and pets to frolic, accompanied by a shed and flourishing fruit trees.
Read More: CertainTeed Solar Shingles Expert Review
- Adelaide is very affordable.
- The city is full of cultural activities.
- super convenient transport.
- Has Australia’s top educational institutions.
The decision of whether or not to purchase affordable home in Adelaide depends on your unique circumstances and objectives.
If you are seeking an affordable place to reside with a high quality of life, Adelaide could potentially be a favorable choice. You can even explore the priciest residences available in Adelaide.
Nevertheless, it is advisable to seek guidance from a professional and thoroughly analyze the real estate market before making any significant commitments.
Regional cities or small towns offer the most affordability when buying a home in Australia. Among the capital cities, Adelaide is renowned for its comparatively affordable housing market.