A new report compiled by Aussie Home Loans and CoreLogic RP Data has identified the City of Salisbury as Adelaide’s most affordable region for houses within 20 kilometres of the CBD, with a median house price below $300,000..
The most affordable suburb is Brahma Lodge, located 17 kilometres from the CBD and with a median value of $256,000.
Meanwhile the most affordable suburbs for houses within 10 kilometres of Adelaide’s CBD have a median price of under $400,000, with the suburb of Gepps Cross the most affordable with a median value of $333,000.
The top three most affordable suburbs for apartments within 20 kilometres of the CBD are also in the City of Salisbury, with the top two suburbs of Salisbury and Paralowie both having a median value of less than $200,000.
The majority of the most affordable suburbs for apartments within 10 kilometres of the CBD are in the City of Port Adelaide Enfield, with the winner being the suburb of Kilburn ($231,776), which is also well serviced by its local train station.
Most affordable suburbs within 10 and 20km of the Adelaide CBD, houses
Most affordable suburbs within 10 and 20km of the Adelaide CBD, units
Founder and Executive Chairman of Aussie, Mr John Symond, said “Adelaide is the most affordable mainland capital city, and it has experienced a 4.5 per cent growth in dwelling prices over the last year, which I expect to see continue over the next 12 months.
“Many of the most affordable suburbs also have great transport links, and these types of services are perfect for young professionals and first time buyers who need affordability but with good accessibility to the CBD,” he added.
“There is money available for home lending, interest rates remain low and owner occupiers can still borrow up to 95 per cent of a property’s value. Our report provides a map of where the most affordable property is located, so these suburbs are a good place to start for anyone looking to buy on a budget,” he concluded.
Map of Adelaide’s Most Affordable Suburbs within 10 and 20km of the CBD, houses
To download the full Aussie/CoreLogic RP Data Most Affordable Suburbs Report, visit www.aussie.com.au/affordable-suburbs.
Aussie’s mobile mortgage brokers and stores offer free home loan advice and pre-approvals for home loans sourced from its panel of up to 19 lenders, including the big banks. To book a free appointment, call 13 13 33 or visit www.aussie.com.au.