Whilst Adelaide offers the same lifestyle and opportunities as other cities in Australia, South Australia is a place where you can afford to do more.
According to the National Centre for Social Economic Modelling, 2013 Household Budget Report, Adelaide is ranked as having the lowest cost of living of all Australian capital cities.
More than two-thirds of the people who live here own, or are buying their homes. The median price of houses sold in Adelaide (Domain Group, December 2015 quarter) was A$494,284, in comparison with A$1,013,258 in Sydney and A$719,486 in Melbourne. Private rental of houses and apartments is also comparatively more affordable, with median rents of $355 per week.
Regional house prices in South Australia are even less than those of Adelaide.
Most homes are detached houses on separate allotments ranging in style from historic villas and cottages to modern homes. Most have three or more bedrooms. HomeStart is a State Government organisation that is 100% focused on providing home loans for South Australians. Whether you’re a first home buyer or an existing home owner looking for a fresh start, HomeStart could help you get into your own home sooner, through a variety of products such as:
- Low deposit loans
- Graduate loans for people with a Cert IV or higher qualifications
- Products to increase your borrowing power
HomeStart also runs free seminars to provide tips and advice about the home buying process. For eligibility to apply for a loan, click here
Further information can be found by visiting:
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