Adelaide still the most affordable mainland capital city: HTW
Property in Adelaide is the most affordable mainland capital city according to the property valuation firm, Herron Todd White with a median price of $410,400 with a huge range of properties available around $500,000.
Herron Todd White's residential market report for July noted an increasing scarcity of detached dwellings in this price range within close proximity of the CBD, with the market for older units and townhouses regardless of location remains relatively flat.
HTW note Adelaide's suburb of Croydon Park has older style dwellings on larger blocks around the $350,000 to $450,000 range while newer housing typically sells in the $450,000 to $550,000 range.
"This area is increasing in popularity due to its reasonable proximity to the CBD, improved accessibility via the Torrens to Torrens roadway (under construction) and is a more affordable option than historically more appealing areas such as West Croydon and Woodville.
"Further west, the suburb of Largs North features a mix of housing from the 1940s to 1970s with increasing in-fill development. The area is situated within close proximity of local beaches and the Port Adelaide area.
"It is a more affordable beachside suburb compared to suburbs such as Glenelg and Brighton which are situated further south. The current median price for detached housing is $416,000 with an average yield of 4.4 percent."
Property Observer found a three bedroom home in Largs North (above) currently listed for sale for between $370,000-$395,000.
