Recent figures earlier this year show the Adelaide Hills recorded its highest annual house price growth (8%). The average Adelaide Hills property sold for $586,179 but this isn’t to say you can’t find properties even more affordable than this.
Let’s take a look at Adelaide Hills real estate prices and what suburbs suit budgets under $500,000.
Adelaide Hills real estate gems
The ‘city’ of the Hills has been booming for years. With capital growth, Mount Barker had its highest value property sales in 2019. Now is the time to invest in this region. It boasts a 5% median gross yield compared to the 4.24% national average.
Only 15 minutes from Mount Barker, charming Macclesfield has a median house price of just $383,000. If you’re looking for that real Hills spacious living, consider ‘Maccy.’
Lobethal is home to older couples and families, but it’s attracting younger cohorts. It’s located in a gorgeous pocket of the Hills, close to historic sites, sporting grounds, and nearby ranges. The average property price is $377,500 but there are plenty of options below this.
Carey Gully, Uraidla, Piccadilly and Summertown are a cluster of growing towns in an enviable location. Shouldering Cleland National Park and hugging Greenhill Road, this area exudes ‘Adelaide Hills.’ It’s also not too far from the city – but you wouldn’t know it, with wine bars, woodfire pizza restaurants, and outdoor activity centres.
Tempting Fleurieu Peninsula towns
According to research, Port Elliot is the top coastal suburb typed into realestate.com.au for houses. The median house price is $495,000. While this leans on the higher side, it’s a great suburb to invest in, as beach houses are much sought after in this town throughout the warmer months.
The median house price, for one of the biggest towns along the Fleurieu Peninsula, is $370,000. Victor Harbor is home to a popular shopping precinct, events and tourist attractions with a strong retiree community.
If you’re seeking a sea-change, a beach house or a great investment property, explore Goolwa. With the median house price sitting at $319,000, it’s makes it easier to enter the Fleurieu Peninsula property market. The annual capital growth for Goolwa is 1.45%.
The historic Strathalbyn has a median house price of $384,166 – an affordable option, compared to Currency Creek’s average $700,000+ home. There’s only one, tiny town between these two ‘Strath’ and Currency Creek.
Strathalbyn is an attraction in itself, but day trips are part of the lifestyle, with Goolwa Beach less than 30 minutes away.
If you’re getting ready to begin your house for sale Adelaide Hills search, our real estate agents are here for you. We don’t just know this region – we all live here and understand the personality and potential of each town.