A few years ago, we published an article on the most affordable and expensive suburbs in the Adelaide Hills. A lot has changed since then.
For one, Mount Barker’s median house price is sitting at $745,000, up from $586,000 – and not too far from Adelaide’s median price of $853,000. The annual house price growth in Adelaide is 9%, yet Mount Barker recorded a 12% rise. While this is great for homeowners, it’s tough for people planning to buy. The average home loan size in South Australia is $597,000.
There’s great demand for our area. We’re seeing that on the ground as local Adelaide Hills real estate agents. Similar challenges from years ago remain – high competition, low stock, and tighter budgets due to cost of living pressures.
We hope policy changes like the 5% deposit which applies to certain areas of the Hills (including Mount Barker) will help ease this pressure, so people can enter the market sooner.
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Let’s look at the best suburbs for different budgets – the areas with sizable stock available, not just tiny pass-through towns.
Affordable suburbs in the Adelaide Hills
- Macclesfield: $885,000, up 18%
- Woodside: $831,000, up 0.8%
- Nairne: $790,000, up 5%
- Meadows: $777,750, up 12%
- Mount Barker: $745,000, up 12%
- Lobethal: $700,000, up 8%
It’s interesting to see suburbs like Nairne surpass the property value of Mount Barker.
While Murray Bridge isn’t in the Hills, it’s on the perimeter – and the most affordable area in this list, at $525,000, up 17% in the past year.
Expensive suburbs in the Adelaide Hills
- Aldgate: $1.59 million, up 23%
- Stirling: $1.5 million, up 8.8% in 12 months
- Crafers: $1.4 million, up 19%
- Hahndorf: $1.22 million, up 20%
- Littlehampton: $950,000, up 21%
- Bridgewater: $925,000, up 4.9%
As you can see, there’s a lot of range with the annual growth rates. Woodside grew less than 1% but Aldgate grew a whopping 23%. These data points are important to keep in mind, when making a move.
Want to know what your house and area are currently valued at? Book a free property appraisal. Do this annually, so you can make informed decisions about your property and future plans.
