Mawson Lakes too expensive? Try Dry Creek, one of Adelaide's hidden gem suburbs

Mawson Lakes too expensive? Try Dry Creek, one of Adelaide's hidden gem suburbs
Mawson Lakes too expensive? Try Dry Creek, one of Adelaide's hidden gem suburbs

Mawson Lakes is Adelaide’s fifth most searched suburb by buyers, but with a median house price of $244,971 it’s out of reach for many. But Dry Creek, just six kilometres away, has a median house price that is 43% cheaper.

Westpac has compiled a list of ten Adelaide suburbs where it’s cheaper to buy than in their more popular but pricey neighbouring suburbs.

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The hidden gem suburbs are close to the popular suburb but have a lower cost median house or unit price. The most popular suburbs were determined by the most searched for suburbs on realestate.com.au.

“Buyers who want to truly own their home sooner can find real value by simply considering a suburb which is just a stone’s throw away from their first preference,” says Westpac’s Gai McGrath.

With a median house price of $733,636 Norwood is out of reach for many buyers but nearby Stepney is 28.3% cheaper. For units Trinity Gardens is a better alternative to Norwood with a median price 24.2% less.

If you wanted to buy a unit in Golden Grove, Adelaide’s eighth most popular suburb, you could consider travelling eight kilometres to Salisbury East where the average unit price is 28% cheaper.

You could own your home 16 years and one month sooner and save $80,960 in purchase price and $87,988 in interest repayments over time, according to Westpac.

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Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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