Adelaide is the second fastest-growing city in terms of property values, behind Perth only. Therefore, Louis Christopher, a researcher, predicts that the home values will further grow 8% to 13% in the current year, with growth intensity depending on the economic situation of the country.
Growing population and limited availability of houses drove the property value in Adelaide, increasing the median price for houses to $813,716, making it to the highest growth city after Sydney, Brisbane and Canberra.
According to Investor Partner Group, properties in lower-priced suburbs have grown tremendously in 2024. In Elizabeth South, the prices have reached to the current state in the span of two years; it’s the fastest growth among all Adelaide suburbs, with a median price standing at $470,000.
What are the best suburbs in Adelaide for first home buyers?
There is a wide range of suburbs in Adelaide where you will find numerous kinds of properties, ranging from townhouses to old homes to units. You can get commercial, industrial and even residential property at a reasonable cost within your budget.
We have compiled a list of the best suburbs in Adelaide for first home buyers where you can find enticing properties for expanding your portfolio and building wealth to secure your future. A few of them might have pricey homes, but some are affordable for everyone. You can find ideal units there too.
Elizabeth North
30 minutes away from Adelaide, Elizabeth North is one of the booming spot to buy an investment property this year. With a median price for houses between $350,000 to $450,000, it attracts buyers and buyers, guaranteeing better rental yield than others with 6.43% for units and 5.12% for homes.
The place is close to offices, due to which it attracts renters to live in an affordable place. In the last 12 months, houses and units have been sold within 35 and 28 days in the market, respectively, leading to around 16% growth in property prices of houses and 10% of units.
Moving there allows people to have access to numerous supermarkets, shopping centers, parks, and recreational facilities because the place is undergoing development and upgradation. You will find that transportation and rail systems are further improving.
Being close to the manufacturing, defence and logistics industries, Elizabeth North’s demand is increasing as the workers are willing to stay in nearby locations. Therefore, you will find young working professionals living there more than retirees.
Elizabeth North is one of the best Adelaide suburbs to buy an investment property because it offers high-yielding opportunities and low vacancy rates. The properties are quite affordable there, which means you won’t feel a burden during mortgage repayments.
Christies Beach
Seaside suburb 30 minutes away from South of Adelaide, Christies Beach is one of the most instragrammable Adelaide coastal suburbs. The place is nominated by two known property agents: Peter Koulizos and Kathleen Skinner.
The two found it high-potential because it is close to Port Noarlunga Aquatic Reserve and Witton Bluff Base Trail construction project. They are sure the ongoing project will benefit the suburb in the near future because it will further improve the coastline and port.
Other than the beach, the place has hospitals, local amenities, cafes, shops, butchers, petrol stations and restaurants along with schools and workplaces, due to which young couples are moving there.
Despite being close to the beach, you will find high-end properties and low-priced houses there too. The larger blocks are near the beach, which mainly target the affluent class, while other kinds of properties are for everyone.
You will find two-storey properties there mainly in sea-facing blocks, along with brick homes built in the 60s and 70s. Such homes are bought within $850,000, due to which they attract renters.
Currently, the median prices for houses and units there sit at $700,000 and $550,000, respectively. The median rent is $550 for houses and $500 for units per week.
Christies Beach is ideal for young families who want to invest in a picturesque property that would give a 4% yield and have guaranteed growth in the long term.
Mawson Lakes
20 minutes away from the north of Adelaide, Mawson Lakes is a rising suburb for investors because of its affordability, close proximity to employment opportunities, local amenities and accessible transport routes, leading it to generate better rental yield.
It is one of the highly preferred Adelaide suburbs by first-time homebuyers as the median price of their houses is between $450,000 to $600,000, offering a top-notch place to start your career in property investment.
The place is competitive nowadays because of infrastructure upgradation and its proximity to workplaces, due to which the property values increased by 7.5% last year. Due to low vacancy rates, houses and units are sold within 35 days in Mawson Lakes.
The suburb is very attractive for investors because it can yield 4.5% in rental income from houses and 5.8% from units.
The ongoing development will surely improve its transportation system by connecting it to larger parts of Adelaide and upgrade the lifestyle by offering more local amenities to the residents in the form of cafes, restaurants, shopping centres and recreational facilities.
Mawson Lakes is one of the best Adelaide suburbs for families with young kids and adults because the place is near tech, educational and manufacturing centres and industries. You can find business centres there as well. There is also the Mawson Lakes campus of the University of South Australia, making the place enticing to invest in for a better future.
Paralowie
19 km away from north of Adelaide, Paralowie is one of the most affordable suburbs in Adelaide that offers a multicultural community. Connecting to the North-South Motorway, it allows you to travel to the city areas easily while giving you access to local amenities, parks, cafes, restaurants, schools, shops and supermarkets.
With the Para River and walking trails, Paralowie’s demand has been increasing. Last year, its property value increased by 22%, with the median price sitting at $630,000 for houses and $380,000 for units. The weekly median rent is $545 for houses and $420 for units. Because of 4.5% of rental yield, investors are attracted towards Paralowie.
The place has a wide range of homes that include old ones that were built in the 60s and 70s, ones that were built in the 90s, and there are also modern homes that gain attention the most.
However, 78% of these homes are occupied by owners. Yet there are vacant homes of either 350 square meters or 800 square metres. You can pick what is suitable for you.
Paralowie is an affordable Adelaide suburb where investing in a property is a safe option because the presence of the river and current development ensures that it will grow and prosper in the near future.
Port Augusta
320 km away from north of Adelaide, Port Augusta is a gulf region of South Australia that offers investment opportunities to first-time buyers and renters by giving access to major industries and due to the ongoing development.
Its well-connected transport routes allow you to roam to any part of Adelaide, which ultimately increases its demand among young working professionals who look for affordable residence and suburbs are the major way to get it. With 6.28% capital growth last year, its current median prices for houses are between $200,000 and $300,000, allowing first-timers to fulfil their Australian dream.
The place is highly suitable for investors because it offers 5.13% and 6.21% rental yield for homes and units, which turn out to be a steady rental income.
Because of affordability, the vacancy rate is quite low; the houses are sold in 40 days and units in 35 days.
Currently, you will find workers from defence, mining and transport industries living there as their offices are near Port Augusta.
Port Augusta is one of Adelaide’s most liveable suburbs that offers a family-friendly environment with its amenities, schools, cafes, and restaurants. The ongoing projects will surely increase their value soon; therefore, it’s a good opportunity to invest there are build wealth.
Lightsview
8 km away from the city, Lightsview is a booming Adelaide suburb for investors currently, offering family family-friendly environment with its affordability, close proximity to employment hubs and recreational activities.
The place is ideal for couples and families who have better savings as their median price for houses is between $600,000 to $700,000. Last year, its property value increased up to 8.2%, and real estate agents are hopeful that current upgradation and infrastructure changes will drive more growth.
Because of its being near the city, the renters are preferring to move there, leading to a low vacancy period with houses being sold within 40 days.
Investors are finding it a great opportunity to expand their portfolio because the place offers 4.2% rental yield for houses and 5.3% for units.
Lightsview has a well-maintained transport system that is well-connected to the North-South Motorway and bus routes, due to which the housing demand has been increasing. You will find tree-lined walking trails, parks, shopping centres and supermarkets there, along with local amenities.
The place is ideal for commercial purposes because Lightsview have numerous office and retail spaces that drive economic growth and attract more investors.
Lightsview is a northern Adelaide suburb that is in high demand because of its modern-living community, city proximity, ongoing infrastructure projects and commercial spaces. You can find a suitable commercial and residential investment property for yourself to enter the market and find a way to attain financial freedom there.
Conclusion
Adelaide is home to affordable suburbs that offer enticing opportunities to newbie investors and first-time homebuyers to get a home or property in their name. With reasonable rents, many families are moving there to have a peaceful residence. The Adelaide suburbs offer access to local amenities, schools, cafes, restaurants and shopping malls. Many of them are undergoing development or infrastructural changes, due to which they are likely to have property value growth this year or in the coming years, which makes them more suitable for investors. Their accessible road system and bus routes allow people to travel to the city back and forth easily, which increases their demand.
However, you are still not recommended to buy the property in any of the Adelaide suburbs so fast. Consult a buyer’s agent to identify the most promising properties there, enlist them and pick the right one for yourself that comes under your budget and has no hidden issues. The chosen property should guarantee growth, and it should be highly maintained and offer facilities that would attract renters so that the vacancy period would remain low. During negotiation, ask the agent to buy it for you because their communication skills would reduce the price of the property and let you have it at a cheaper amount than you had expected.
FAQs
How is the property market in Adelaide nowadays?
The property market of Adelaide will grow 8 to 13% in 2025 because of the ongoing infrastructure development projects that are taking place near different locations within the city and outside the city in different suburbs. These developments will encourage Australians to move to the suburbs as there will be employment opportunities with better livelihoods due to the rural charm and local amenities.
Is it promising to invest in Adelaide suburbs in 2025?
Adelaide suburbs have been growing since 2024 in terms of their property values due to current development projects that are improving their transportation system, developing employment hubs and building recreational facilities to attract more Australians towards them.
Because of their affordability and close proximity to the city, investors find the Adelaide suburbs lucrative as they offer 4% to 8% rental yield, which means a steady income. Besides, renters find it reasonable and peaceful because of their location. So, if you really want to invest your money in the property business, you can think of Adelaide.
What is the fees of a buyer’s agent in Adelaide?
A buyer agent in Adelaide typically charges a fee ranging from 2% to 3% of the property value. You are required to pay them after they negotiate the price of the property with the seller.
