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Most Adelaide suburbs are unaffordable for home buyers. Except these.

There are only a few suburbs across Adelaide where a couple earning an average income could afford to buy a house.


All of these postcodes are on the city’s fringes either in northern Adelaide or in the southern suburbs. Davoren Park – 30 kilometres north of the CBD – was the most affordable suburb for couples to buy into at a median price of $353,000, up 8.6 per cent in the year to June on official SA Government data.

Based on official data measuring average weekly earnings in Adelaide, the average couple are paid $75,000 combined per year and could borrow enough to buy a home worth up to $495,000.


That assumes they have a 20 per cent deposit and cap their mortgage repayments at 30 per cent of income – the threshold for housing stress.


Buyers could borrow more, if they are willing to accept additional pressure on the household budget.


In the table below, we list the most affordable Adelaide suburbs. These suburbs have common features, including that they are:

  • Located in the fast-growing northern suburbs

  • Experiencing house price growth faster than the Adelaide average

  • Expected to absorb large amounts of population growth in the coming years

Suburb

Median Price

Annual Price Change

Davoren Park

$353,000

+15.1%

Eyre

$369,000

+11.5%

Elizabeth North

$380,000

+14.6%

Smithfield

$407,500

+10.8%

Munno Para

$425,000

+9.2%

Couples would have more options if they chose to compromise and buy a unit instead, but these can be more risky due to construction quality assurance risks and most units are located close to the city where prices are far higher.


There are no suburbs in Adelaide where a single person could afford to buy the median unit without being in mortgage stress.


If you are interested in finding out your borrowing power and which locations you can afford, then get in touch with a First Home Coach here:










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