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Buying Tips

What Can You Get for Less than $500K?

Are you looking for a house? 

Is your budget in the 400,000s? 

...and have you basically resigned yourself to the idea of trekking back and forth through traffic every day?

 

Good news, you’re wrong! 

 

Here are 5 Adelaide suburbs you should put on your list right now. All less than 5km from town, and all with a median house price in the $400,000's.

 

Hindmarsh (3.7km out, median price of $436K)

Cowandilla (4.0km out, median price of $499K)

Renown Park (4.3km out, median price of $480K)

West Richmond (4.7km out, median price of $458K)

Devon Park (4.7km out, median price of $481K)

 

SA Great

And it’s a good thing we’re in Adelaide, because there isn’t a single suburb in Melbourne, Sydney, Brisbane, Perth, Canberra, OR Darwin where you can buy a house within 5 kilometres of the city for less than $500K.

 

- And that’s real estate. -

 

Adelaide Property Market 2018

Harcourts Michael Brock talks about state of Adelaide property marketPrices in the South Australian market have gone up 3.7% over the last 12 months. (Source: CoreLogic YTD data, as at Dec 2017) 

 

The Adelaide housing market is stable and shows steady, sustainable growth. 

 

If you’re looking to buy a home in 2018, top suburbs to watch are: Prospect, Modbury Heights, College Park, Findon, Henley Beach, Marion, and Reynella.

 

For investors, the unit market looks strongest in Rosewater, Broadview, Magill, Kurralta Park, and Christies Beach.

 

- And that’s real estate -

Autumn is the New Spring

As the weather starts to cool, you might be wondering if the property market is doing the same. Harcourts autumn is the new spring property seasons in Adelaide


Actually, the answer is no. Autumn is actually the hottest season!


CoreLogic data over the last 30 years shows that 27% of all property transactions happen in Autumn, beating out the traditional ‘Spring selling season’ at 26%.     


There’s lots of reasons to buy now, with a stable local market, and sellers who are genuine and motivated. Plus, buying in Autumn means you can take full advantage of the end of financial year sales to get thos enew bits and pieces you need to make your new home feel complete.


- And that’s real estate - 
 

Download the Complete Property Guides

Harcourts complete property buying guide Harcourts complete property selling guide

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