Australia is home to some international cities. Sydney is a towering icon in the global landscape, with glittering high rise and sparkling beaches it’s a tourist dream destination. Melbourne is not too far behind in population and size and is a cultural Mecca for artists and musicians. Fast living in the big city is glamorous and exciting.
Erm, well maybe for the wealthy professionals. For everyone else, these cities are polluted, crowded, and stupidly expensive. An average home in Sydney has been over a million dollars for half a decade, and the trend is mimicked in Melbourne. Has the Australian dream died, or is there still a place an average family can live, work, and play without being crippled by home loan debt?
Welcome to Adelaide, the capital of South Australia.
Known as the city of churches, Adelaide is a charming little city with just over 1.3 million and nestled on the banks of the River Torrens. Home to many renowned museums and galleries, Adelaide is the quiet achiever of the Australian capital cities. Its also home to some amazing property bargains. Owning a home in Adelaide is easily achievable with the right home loan.
7 Manningford Road, Elizabeth South, SA 5112
3 bedrooms
1 bathroom
$135000
The northern suburbs of Adelaide may be seen by some folk as ‘undesirable’ but really, who cares? At an unbelievable $135000 you can own a three bedroom freestanding house just half an hour’s drive from Adelaide’s CBD. You couldn’t even buy a garage space for this much in Sydney.
This home is not some run-down shack either, with polished floorboards through, and a huge back area; this is a perfect family home. Each room has built-in wardrobes and is very spacious. Top off this solid home with a fully fenced backyard and secure car spaces, and you have an unbelievable bargain.
22 Sedgehill Road, Elizabeth North, SA 5113
3 bedrooms
1 bathroom
$126500
Just up the road, and we find another unbelievable bargain. Seriously, what’s going on in Adelaide? This house sits on an enormous 900 square meter block and costs $126500, what gives? Well, the home requires some TLC and would best suit an experienced DIYer, but the potential is unmatched. Just a short drive from Adelaide’s CBD, on a massive block of land, you could buy 6 of these homes for the price of a dingey unit in Melbourne.
23 Laverstock Road, Elizabeth North, SA 5113
3 bedrooms
1 bathroom
$163000
Staying in Elizabeth North, we find a big 606 square meter block with a quality three-bedroom home. With a recently renovated bathroom, big back yard, and a split cycle air conditioning system this would be the perfect first family home.
The opportunity exists in these suburbs not just for the homeowner but for investors looking to get in on the ground floor. These suburbs will not always be so cheap, as infrastructure improves and population grows, these suburbs are sure to swell in value. Imagine buying into a suburb of Sydney for less than $150000; this opportunity exists right now in Adelaide.
Adelaide may not have the clout of Sydney or Melbourne, but this is a good thing. Adelaideans are quietly aware of how good they have it, away from the bustle of the big cities, but amongst the art and culture that make them exciting. Adelaide is an art and food lovers paradise. For a tenth of the price of a home in Sydney, you and your family can lay down your roots here in Adelaide where the air is cleaner, the roads are clearer, and bargains are everywhere.
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