The cheapest & most expensive suburbs in the Adelaide Hills

The average home in Adelaide is now selling at 3.2% higher than a year ago. Locally in the Adelaide Hills, our region has the highest rate of oversupply in South Australia. 2,696 units are ‘in the pipeline’, which is an 8.2% increase to the current stock.

Date:

19-Feb-2020

Category:

Buying

Tags:

Author:

Amanda Smith

The cheapest & most expensive suburbs in the Adelaide Hills

The average home in Adelaide is now selling at 3.2% higher than a year ago. Locally in the Adelaide Hills, our region has the highest rate of oversupply in South Australia. 2,696 units are ‘in the pipeline’, which is an 8.2% increase to the current stock.

Does this mean now isn’t a great time to buy that investment property in the Hills? What’s the future looking like? Only two years ago, we saw the region record 1,200 sales in six months and house prices jump by more than 10% over a three-year period. A house in the Hills was priced above the Adelaide median, at $41,750 more.

Eyes are on the Adelaide Hills yet again, with the highest recorded annual house price growth (8%). Today, the average Hills property sells for $586,179. Mount Barker and Lobethal are also note dramatic shifts, with a 6-6.2% increase in price. The average Mount Barker home sells for $427,815 with Lobethal even higher, at $502.876.

What does this tell us? Lifestyle wins and communities matter. But there are nine suburbs in the Adelaide Hills that still have a median house sale price under $400K.

Cheap houses for sale in the Adelaide Hills.

There are six suburbs you should explore, if the $400K mark is where you’re at right now.

  1. Meadows, the most affordable suburb in the Hills ($360,000)
  2. Callington (also $360,000)
  3. Kanmantoo ($365,000)
  4. Macclesfield ($376,500)
  5. Nairne ($385,000)
  6. Lobethal ($350,000)

And the most expensive?

This probably comes as no surprise. Stirling, Crafers, Aldgate and Hahndorf property prices range between $692,000 to $779,500.

It’s important to look at cheapest suburbs from a bird’s eye view, looking at their access to main hubs and their proximity to the more costly regions. For example, Nairne is only five minutes from the fast-growing Mount Barker (and the second largest ‘city’ in South Australia).

But regardless of where you sit on the best suburbs in the Adelaide Hills spectrum…

Imagine, your home, rising 8% in value, annually?

First National Nitschke live and love the Adelaide Hills. We know the suburbs, the communities, and the property market. Sit down with one of our real estate agents to explore what’s next for you in the Adelaide Hills.

Call us on 8391 5004 or use this contact form and we’ll reply within 24 hours.  

Our region will continue to grow. We want to help you gain more than just a great lifestyle, but financial freedom, too.