Top affordable suburbs in South Australia
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.
| Suburb | Property Type | Distance to CBD | Median Value | Annual change median value | 5 year annual change median value | Number of sales last 12 months | Days 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
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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.