Prices in South Australia may have soared by 22% in 2021 to a median price of $562,882. Yet, Mr James Trimble, General Manager, Raine & Horne, says there is still plenty of value below the state’s median price if buyers know where to look. 

“We expect South Australian real estate values to grow by as much as 15% in 2022. Several factors will drive growth, including improved infrastructure and SA’s real estate affordability compared to NSW and Victoria. 

“Also, SA’s more affordable cost of living, such as lower private school fees, will attract interstate buyers. Increased immigration as international borders reopen will also underpin growth,” Mr Trimble said.  

“Compared to the median price in NSW that is close to $1 million, at $562,882, South Australia’s real estate affordability is a standout. However, with values set to grow in 2022, buyers and investors will do well to grab a bargain now that is close to current SA median.”

Excellent investment in the heart of Adelaide CBD for under $500,000

Those seeking a first home or a fabulous investment property valued below the SA median dwelling price in a prime capital city CBD location look no further than this modern two-bedroom beauty at 315/160 Grote Street, Adelaide. 

Offered for sale by Mr Jacky Yang of Raine & Horne Unley, this property that comes with an expansive balcony with 180-degree north city views is expected to sell for a price approaching $500,000. Mr Trimble noted, “Yield hungry investors will note the apartment can fetch a rent of $550 a week and perhaps more as international students return to the city’s universities.”

“Whether you’re an owner-occupier or tenant, a Grote Street address offers a highly desirable metropolitan lifestyle. You are within walking distance of Chinatown and Adelaide Central Market with its eclectic mix of retail outlets and eateries, as well as Adelaide University’s North Terrace City Campus and The University of South Australia’s East and West Campuses.”

High street opportunity in Strathalbyn for $495,00

This three-bedroom, one-bathroom property at 35 High Street, Strathalbyn, a gateway town in the boutique Langhorne Creek wine region, is on the market for $495,000 and is listed with Sally Ness from Raine & Horne Strathalbyn. 

Mr Trimble said, “The home perched on an 870 square metre block will appeal to residential and commercial buyers as it has an eclectic history. The property has been a residential home, a busy office for a computer business, an award-winning restaurant, and it is currently a Bed & Breakfast (B&B).”

Charming features are still present and include open fireplaces, timber flooring, high ceilings and a beautiful front stone façade. There is also a cosy central living area which opens to the well-designed kitchen and storeroom. A spa completes the separate bathroom.

Semirural retreat for $550,000 just over 1-hour door-to-desk to Adelaide 

This classic homestead is a once in a lifetime opportunity to own prime real estate in highly sought-after rural Murray Bridge. According to Mr Trimble, Murray Bridge is just over an hour’s drive from Adelaide, making it a perfect lifestyle location for those who need to commute to the SA capital for work. 

Listed for sale by Raine & Horne Murrayland’s Michael Cox for offers over $550,000, this beautifully presented property at 8 Verdun Road, Murray Bridge, offers every luxury, including a pool and spa. The property is close to the expanding shopping complex Murray Bridge Green Shopping Centre and the CBD.

Get away from it all on Eyre Peninsula

Finally, if you want to escape from city life, Mike Bowyer of Raine & Horne Port Lincoln has listed for sale a once in a lifetime” 115-hectare block of land across the road from the beach at Lot 8 Coles Point Road, Coulta for a tick above the state’s median dwelling price.

Not more than a 45-minute drive from Port Lincoln and 25 minutes to Coffin Bay, this block that comes with a four-bedroom demountable property is quite remote from neighbours and provides great views in all directions. Mr Trimble said, “This property lets you get away from it all and watch a sunset to die for from the West Coast of the Eyre Peninsula.”