Add CategoryAdelaide home values were expected to hold strong throughout the coronavirus pandemic but no one predicted they would climb to new heights.
Latest Valuer-General figures show the metropolitan house median surpassed $500,000 for the first time – reaching $510,000, to be exact – following 5.15 per cent growth over the past 12 months.
To put that into perspective, here’s a taste of what you can get in Adelaide’s north, south, east, west and Hills regions with that median price.
NORTH
2 Goldthorn Road, Salisbury Park. Pic: realestate.com.au
About 20km from the city, this two-storey Salisbury Park home is on a 647sqm block in a suburban pocket close to several reserves.
It caters to a large family, with five bedrooms and multiple living areas spanning two levels, as well as plenty of outdoor entertainment space and a pool.
It’s listed with a price guide between $490,000 and $530,000.
SOUTH
45 Woodlea Drive, Aberfoyle Park. Pic: realestate.com.au
In a quiet cul-de-sac also about 20km from Adelaide CBD, this modernised Aberfoyle Park house offers a quiet escape from the hustle and bustle of the city.
The house is on a 572sqm block surrounded by a manicured garden and has three bedrooms and two bathrooms.
It is on the market with an asking price ranging between $470,000 and $510,000.
EAST
9/9 Dawn Avenue, Hectorville, Pic: realestate.com.au
While it’s difficult to find a stand-alone house in the eastern suburbs for around the $500,000 mark, there are some townhouses and units that fit the bill, including this one in Hectorville.
The two-storey, three-bedroom residence is in a townhouse complex and has a $480,000 to $495,000 asking price.
Close to schools, local shopping centres and the CBD, it’s in an envious position.
WEST
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57 Garden Terrace, Lockleys. Pic: realestate.com.au
This sandstone-fronted 1940s character home is in a prime position in Adelaide’s western suburbs.
It’s about 6.5km to the city, roughly 5.5km to the beach and popular eateries at Henley Beach, and 3km to Adelaide Airport.
The Lockleys house, which is on a 403sqm block, has three bedrooms, one bathroom and a $500,000 price guide ahead of auction.
HILLS
3/11 Church Hill Road, Echunga. Pic: realestate.com.au
In the township of Echunga about 35km from the CBD, this two-storey house is on a sprawling 803sqm elevated block with panoramic views.
It’s large enough for a family, with four bedrooms, two bathrooms and multiple living areas, while a lush garden with raised vegetable patches offer a quiet place to relax outside.
The house is on the market with a $495,000 to $530,000 price guide.