Property Market in Adelaide
Adelaide has shifted from one of Australia's most affordable capitals to a competitive market, with strong price growth across inner-ring suburbs like Norwood, Unley, and Prospect. A growing defence industry centred on the Osborne shipbuilding precinct and expanding health and education sectors provide diverse economic foundations.
Median House Price
$750,000
Median Unit Price
$450,000
To purchase a median-priced house in Adelaide at $750,000, you would need a deposit of at least $150,000 (20% to avoid lenders mortgage insurance) and borrowing capacity of $600,000. Your actual borrowing power depends on your income, existing debts, living expenses, and the lender's assessment criteria. Use the calculator above to estimate how much you could borrow.
Buying Property in Adelaide
Adelaide's rapid price catch-up has surprised many — formerly Australia's most affordable mainland capital, it has recorded some of the nation's strongest growth and buyers can no longer expect the bargains of a few years ago. The north-south divide remains pronounced, with suburbs south of the city like Mitcham, Unley, and Torrens Park trading at roughly double the prices of northern counterparts like Elizabeth and Salisbury, though the north offers stronger rental yields. The defence industry expansion at Osborne, with decades-long submarine and frigate contracts, is creating a sustained employment anchor that supports property demand across the Le Fevre Peninsula and western suburbs in a way that is less cyclical than typical resource-driven markets.