Adelaide Is The Cheapest City In The Country To Buy Close To The CBD

Five Best Value Suburbs

Adelaide Is The Cheapest City In The Country To Buy Close To The CBD

Good news for South Aussies looking to get into the housing market.

A Core Logic analysis has revealed that Adelaide is the cheapest City in the country to buy a house within 5kms of the City.

They've listed five suburbs under the 5km radius with median house prices below $500,000 - Hindmarsh, Cowandilla, West Richmond, Renown Park and Devon Park.

That's compared to finding a house for the same money 52kms from the City in Sydney and 21.5kms in Melbourne.

Those bargains aren't expected to stay around for long, with growth in places like Brompton and Bowden attracting attention.

Maybe even as early as next year!

Harcourt Real Estate’s Chief Executive Andrew Friebe told Channel 9 it's not a unit or townhouse, you can get your own home on your own land.

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