10 Adelaide Homes Under $400,000 that you’ll Love

With the median dwelling value in Adelaide at the end of February at $439,453, up just .4 per cent over the past twelve months, the real estate market in South Australia’s capital has seen relative stability compared to neighbouring markets that have experienced either large increases or decreases in market values. Sydney and Melbourne have seen twelve-month growth of 10.9% and 10.7% respectively while Darwin saw a -7.8% decrease in dwelling values and Perth a -4.0% decrease. Looking further back at the past 5 years, these figures are reflected even more strongly, with Hobart having seen the largest growth in dwelling values (45.4%) followed by Melbourne (32.5%), Sydney (24.75) and Canberra (22.7%). Adelaide comes 5th in terms of growth, with a 11% increase in dwelling values over the past five years.

This relative stability places Adelaide in a healthy position as neither in a negative/stagnant position nor in an inflated one. This might point to a strong reason to look at Adelaide as a source for investment, especially for homes under the median of $439,453. A glance at property listings under this threshold reveals a good mix of older properties in great locations that are waiting for renovations as well as homes that are waiting to be moved into.

So what are you waiting for? Check out some of our choice homes for sale in Adelaide for under $400,000 below.

10. 13a Aldam AVENUE, Aldinga Beach SA 5173

It’s all about the location and potential of this beachside home south of the CBD. Nothing shouts out sea change like a reef break only 5 minutes’ walk downs the road. This 3 bedroom, 2 bathroom home is expected to go for anywhere between $359,000 and $379,000, which is an absolute steal for what is a modern (2011), north-facing home that is only a 50-minute drive from the CBD. For those who are sick of city life but nor do they want to disappear beyond an achievable drive, this is a perfectly located home.

9. 17 Hartland Avenue, Christie Downs SA 5164

Another coastal home that is even closer to the city centre, this 4 bedroom, 2 bathrooms home is bucking trends by being advertised for $395,000. It may get up to the cities median but this isn’t for any reason. The stunning gardens and gazebo give this property the feeling like it is a holiday escape, while it is also ready to be lived in with modern appliances and fixtures. Read More…