Adelaide Property Market and Real Estate Guide

(Adelaide, South Australia - SA, Australia)

View over AdelaideAdelaide, South Australia, is the cheapest of the big six cities in Australia, with prices for the average house up to just 40 per cent of the value of property in any given area of Sydney. The population is now well over one million, about 70 per cent of which live in the suburbs.

Adelaide appeals especially to retirees and families looking for a quiet life. It enjoys hot, dry summers and cool, wet winters and is big into the arts. There are also several beaches near the city centre. This state capital is one of the most historic cities in the country, boasting grand Victorian and Edwardian architecture, a compact Central Business District (CBD) and a decent public transport system.

The downtown area is surrounded by expansive parks and interesting suburbs. Glenelg is one of the most sought-after districts, with its southerly locale, sophisticated air and excellent services, shops, and beaches, while North Adelaide is lively and comes with lots of space and parks.

The Port of Adelaide is northwest of the CBD and is an area of converted warehouses and Victorian houses, while farther afield is the Adelaide Hills area, which is known for its vineyards and walking.

Renting Serviced Apartments

Adelaide is not as apartment-happy as the likes of Sydney or Melbourne, yet there is a good choice in the city centre and inner-city suburbs and prices here are markedly less than the aforementioned cities. Self-contained serviced apartments can be had for short or long-term and usually have all modern facilities.

Included will be a full kitchen, with fridge, microwave, and crockery, along with air conditioning, TV, washer, plus apartments may also have cleaning incorporated into the rate. Long-term serviced apartments in Adelaide can save you up to 30 per cent on a comparable hotel.

Scenic photograph of the River Torrens

Buying Apartments and Houses

Adelaide, as with the rest of Australia, underwent a boom during the 2000s, yet has levelled out somewhat and prices are more stable. It is generally cheaper to buy apartments and houses in Adelaide than in virtually any other major Aussie town, particularly in the inner-city suburbs.

Glenelg, Norwood, and the port are among the most popular areas to buy a house, while downtown has a burgeoning supply of apartments. Although there is no restriction on what foreigners can buy in the residential market, buying to let in Australia is prohibited to foreigners and you will be refused when the property in question is reviewed by the mandatory Foreign Investment Review Board (FIRB).

Real Estate Agents

Finding real estate in Adelaide is generally easier-going than finding it in other major cities in the country, yet real estate agents are no less professional than those in other state capitals. The best bet for finding a good one is to review their website, portfolio, services, and check out impartial customer reviews online.

Check out the following Adelaide real estate agents:

Chris Holland and Associates Real Estate RLA
Address: 2/211 Diagonal Road, Warradale, South Australia, Australia
Tel: +61 8 8298 4647
Chris Holland is a value-for-money agent in Warradale, near Glenelg in south Adelaide, who sells land, houses and apartments all over the city.

City Realty
Address: 15 Ebenezer Place, Adelaide, South Australia, Australia
Tel: +61 8 8223 1188
City Realty has 15 years of experience in commercial leasing in the Adelaide area.

Adelaide Serviced Accommodation
Address: PO Box 142, Woodville, South Australia, Australia
Tel: +61 417 811 284
Adelaide Serviced Accommodation offers a collection of serviced apartments within the CBD, North Adelaide, and Toorak Gardens.