In South Australia the median house price is $410,000. With this in mind you can find a large variety of properties to purchase in some Northern and Southern suburbs from as little as $200,000 all the way upwards of $1,000,000 in the Eastern and Hillside suburbs.
If you are in the market for purchasing a property and you are wanting to find one which falls into the $250,000 to $500,000 price bracket range, the suburbs to check out are: Paralowie, Parafield Gardens, Salisbury Heights, Modbury, Ingle Farm, Golden Grove, Blakeview, Craigmore, Beverley and Salisbury. These suburbs all have close access to major shopping centres, train and bus access, fast food, restaurant and café selection, recreation centres, service stations, netball and basketball courts, soccer and footy ovals, and playgrounds situated close by to homes so you can happily take the young ones out for some time away from the house.
There are a good variety of schools in each of the areas ranging from various kindergartens, primary and high schools and not to mention close proximity to education campuses such as tafe and universities. With the exception of Beverley all of which are not too far to commute to the Salisbury and Elizabeth Tafe Campuses, St Patrick’s Technical College and the Mawson Lakes University but in saying that Beverley is basically a couple main highways from these locations and close to the tafe and university campuses located closer to the CBD. To commute between these places and suburbs it is ultimately best to drive or utilise public transport services with the bus and train running regularly.
At the most you are only a maximum of 35-40 minute drive away from the city depending on your location within these suburbs especially with the bonus of being close to main roads. You may even find yourself close to a train station which will make commuting to and from the city a breeze or even between suburbs as this will allow you to bypass the peak hour traffic commuters clogging up the suburban streets and highways in their cars.
The suburbs you may look into further to make a purchase will be determined by whether you are looking to make an investment purchase or an owner occupied purchase. If you are looking for an investment purchase opportunity you might be able to find a hidden gem in the Paralowie area for a ripper of a deal given the median rental is $310 per week. You will most likely find the property you purchase may only need a bit of a paint job and maybe a kitchen update to spruce up the appearance of the property making it look enticing and a little more modern for the rental market.
You may decide on a Principal Place of Residence (PPOR) for yourself to live in around the Ingle Farm area where the median house price is $330,000. You might find a ripper of a deal under this price point and around the 20 year old mark, once again it is likely that the place will need a little tender loving care to update the appearance such as removing the early 90’s themed wallpaper and wood panelling throughout, adding a coat of fresh paint and maybe update the kitchen, floor and window coverings to make the place feel like home.
If you would like a free review of your situation and would like to know information regarding the mentioned suburbs or any other suburb for that matter, please don’t hesitate to get in touch with your mortgage broker Gerry today and he can provide you with complimentary suburb/property reports which he can talk further about should there be any questions/queries you may have.
Information above regarding median house prices courtesy of www.realestate.com.au