Top affordable suburbs in South Australia

13 Jan 2022

| First Home Buyers

It’s no secret that property prices have been rising over the past year, making it harder for first home buyers to get into the market.

However, there are still some affordable options for open-minded buyers or those who are now working from home and can move further afield.

According to CoreLogic, there are still suburbs and towns that have a median property value less than $500,000, had a minimum of 50 sales across the past 12 months, and demonstrated median value growth. This not only means properties are more affordable to purchase in these areas but also, that they should increase in value.

Take a look at which suburbs and towns topped the list. They are ranked in descending order from the highest 12-month median value change down.

SuburbProperty TypeDistance to CBDMedian ValueAnnual change median value5 year annual change median valueNumber of sales last 12 monthsDays on market

Hackham, SA 5163

Houses

24km

$391,592

37.0%

36.4%

65

24

Balaklava, SA 5461

Houses

95.8km

$225,944

34.3%

23.2%

50

64

Peterborough, SA 5422

Houses

217.5km

$93,381

32.9%

15.4%

50

145

Risdon Park, SA 5540

Houses

199.8km

$167,756

32.2%

15.7%

89

57

Risdon Park South, SA 5540

Houses

198.5km

$193,483

32.0%

21.1%

50

77

Munno Para West, SA 5115

Houses

27.7km

$354,565

30.9%

22.9%

183

32

Elizabeth Park, SA 5113

Houses

23.6km

$264,381

30.0%

28.4%

95

37

Victor Harbor, SA 5211

Houses

59.2km

$483,059

29.7%

41.7%

130

49

Huntfield Heights, SA 5163

Houses

12.8km

$357,365

29.4%

38.4%

81

30

Noarlunga Downs, SA 5168

Houses

13.2km

$411,946

28.9%

38.1%

66

38

Hayborough, SA 5211

Houses

67.4km

$478,536

28.3%

37.6%

79

26

Goolwa Beach, SA 5214

Houses

66.9km

$453,758

28.0%

41.0%

72

25

Hillbank, SA 5112

Houses

22.6km

$381,189

27.8%

28.7%

97

41

Reynella, SA 5161

Houses

12.8km

$438,225

27.5%

36.1%

75

25

Blakeview, SA 5114

Houses

23.0km

$393,378

27.4%

27.0%

175

39

McCracken, SA 5211

Houses

54.3km

$495,627

27.1%

37.3%

62

43

Goolwa South, SA 5214

Houses

44.85km

$456,545

27.0%

40.0%

70

33

Munno Para, SA 5115

Houses

29.6km

$316,510

26.8%

39.6%

93

34

Seaford, SA 5169

Houses

23.2km

$457,233

26.7%

31.2%

73

27

Further research

If the suburb or town that you are interested in didn’t make the list, don't panic. It may still have performed well but fallen outside the CoreLogic criteria for this specific report. To see how individual suburbs or towns have performed, you can look them up on OnTheHouse.com.au and Propertyvalue.com.au or access CoreLogic's more detailed data sets through Market Trends or ResiTrends.

It’s also important that you do your own research like visiting the area, understanding local development and infrastructure (access to public transport, job market and crime rate etc.). As well as looking at your own needs, goals and financial circumstances before purchasing a property, so you get the house of your dreams in the right suburb or town. 

Inside knowledge

Our lending experts are available to help talk through your options. Make an appointment with one of our friendly Mobile Lending Managers, who can contact you by phone, email, video call or home visit at a time that suits you. Visit us at 400 King William Street, Adelaide, or call us on (08) 8202 7777 between 8am – 8.00pm weekdays or 8am – 2pm Saturdays.

We’re here to help!

Join Credit Union SA

Join Credit Union SA

Say goodbye to big-profit banks and enjoy the benefits of being part of a credit union that helps you do more with your money.

We're here to help

Contact us

Call us on (08) 8202 7777 or visit us at 400 King William Street, Adelaide

RELATED ARTICLES
INFORMATION YOU SHOULD KNOW

This data is sourced from CoreLogic. It features listings and automated valuation model (AVM) data current to August 2021 and settled sales data, as confirmed by the government agencies, to June 2021 extracted from the CoreLogic Market Trends dataset for September 2021.

Median Value: The median value of all properties across the geography based on the CoreLogic AVM.

Annual Change in Median Value: The difference between the current median value and the median value one year prior.

5 Year Change in Median value: The percentage difference between the median AVM in the same period compared 5 years ago.

Number Sold: A count of all transactions captured by CoreLogic over the last 12 months.

Days on Market: The median number of days it has taken to sell those properties sold by private treaty sale during the last 12 months. The calculation excludes auction listings and listings where an asking price is not advertised. The days on market calculation uses the contract date on the property compared with the first advertised date.

This article is intended as general information only and has been prepared without taking into account the personal financial situation, objectives or needs of the reader. Before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs.