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  • Writer's pictureAlison Wong

Australia's Property Buying Guide: Buying Property in Adelaide

Updated: Apr 11


Adelaide is a city in southern Australia and the capital of South Australia. It’s known for its high livability, low cost of buying property, clean air and beautiful natural landscapes.


Adelaide suburbs have a relatively low population density, so they have spacious streets and green spaces with plenty of parks and beaches for residents to relax and entertain. At the same time, Adelaide is also one of Australia's important education centers, home to a number of well-known universities (such as the University of Adelaide and Flinders University). These universities have an excellent reputation in Australia and globally.


1. Get to know Adelaide

  1. Adelaide gets more than 2,500 hours of sunshine a year and doesn't have the humid climates of other Australian cities.

  2. Adelaide is a city of parks - over 760 hectares of parklands surround the city and North Adelaide.

  3. Adelaide is a university town. It has five college campuses within one square mile of the city — nearly 30,000 students from around the world attend these campuses.

  4. In 2014, Adelaide was listed by Lonely Planet as one of the 10 best cities to visit.


2. The characteristics of real estate in Adelaide

Once ranked as the "capital city with the most affordable housing for people", the threshold for buying property in Adelaide is much lower. The important thing is that Adelaide's real estate prices are very stable and healthy, and the number of people buying and investing in property is also increasing year by year.


1. Relatively low house prices: Adelaide has lower house prices compared to other major cities in Australia, making it easier to buy a property here. This may be due to the city's small population and economic size, as well as the relatively ample supply of property. At present, the total population of Adelaide City is about 1.3 million, and the total population of Greater Adelaide is 1.7 million.

2. Stable house price growth: Despite Adelaide's lower house prices, house price growth is relatively stable. According to a report by Property Data Australia, Adelaide house prices are growing at an annual rate of around 3% to 4%, and buying a property in Adelaide can provide a solid return on investment.

3. Diverse property options: Adelaide's real estate market offers a variety of options, including apartments, townhouses, detached villas, and luxury homes to name a few. Whether owner-occupied or investing in Adelaide, buyers can find a property that suits them.

4. Quality education and healthcare resources: Adelaide is home to a number of well-known universities and high-level healthcare resources, which attracts many students and healthcare practitioners to live, work and buy property. This has also had a positive impact on Adelaide's real estate market.


5. High quality of life: Adelaide is one of Australia's most liveable cities, with a clean environment, good community facilities, beautiful parks and attractions, and numerous cultural and artistic activities. These factors have had a positive impact on Adelaide's real estate market.


3. Is it expensive to buy a property in Adelaide?

Adelaide is one of the most affordable of Australia's capital cities. The cost of buying property in Adelaide is relatively low compared to other big cities, but even so, house prices have been rising over the past few years. This is mainly due to factors such as population growth, investment demand and construction costs.


According to PropTrack, the median property value in Adelaide was $648,000 at the end of January 2023 (up 7.94% year-on-year). Many other Australian cities fell.


The reason why Adelaide is a treasure city with endless potential is mainly because the city's real estate bubble is small or almost none. We have seen a general price correction in the Australian property market under the pressure of rising interest rates in 2022 and 2023, but the property market in Adelaide has recorded one of the smallest price declines in Australia.


Among Australia's many cities, Adelaide is undoubtedly low-key compared to a metropolis like Sydney and Melbourne. But buying property in Adelaide is like buying blue chips with fast returns. The degree cannot be compared with the first two, but it is expensive in low risk, stable and long-lasting.


 

Alison’s Story

Born in Hong Kong an moved to Australia, I have been associated with real estate all my life. As the plane slowly landed on the runway of Melbourne Airport, my life and career also changed to another runway. I changed from a Hong Kong real estate agent to an Australian real estate agent, and successfully obtained the Australian lawyer qualification.


When I was working in a law firm, I was surrounded by highly educated professionals. Even though their wages are very well, and they are absolutely the elites in society, but their lives are full of hard labor, and it’s hard for them to get rich through buying properties.


So I spend all my time and effort on learning financial and real estate investment knowledge, hoping to achieve financial freedom as soon as possible, and let my parents who have worked hard for many years live a good life.


Now I will share with you the knowledge and experience of investing in Australian real estate, and embark on the road to financial freedom together.


Alison Australian real estate information platform


The original intention of Miss Alison to establish investwithalison.com is to provide neutral Australian real estate information through this platform and help investors establish the most suitable investment strategy.


👉Website: investwithalison.com

👉Email: hello@investwithalison.com

👉Linkedin: linkedin.com/in/alisonwongaustralia/



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