Revealed: SA’s most expensive and cheapest streets

Adelaide’s property market has boomed over the past few years with buyers being stretched further than ever to secure a prime address on our boulevards of dreams.

New data from Ray White reveals our most expensive streets – those with the highest median house sale price over the past three years – and our most affordable – those with the lowest median.

For those looking to live a life of luxury it shows which streets to target, and also reveals, for those on a budget, which offer the best value for money and the biggest saving relative to the suburb’s median.

According to the data, of streets to have had at least five sales recorded in the past 36 months, Church Tce, Walkerville, on Adelaide’s northern fringe, has the highest median price at $3.42m.

This is compared to an overall suburb median of $1.81m.

Church Tce was closely followed by another Walkerville street – Gawler Tce, where a median-priced home will set you back $3.297m.

Source: Ray White, from suburbs with at least 5 sales over the past 36 months

---

Source: Ray White, from suburbs with at least 5 sales over the past 36 months

---

Fisher St, Malvern secured third place with a median price of $3m, ahead of Desaumarez St, Kensington Park, Dutton Tce, Medindie, Hawkers Rd, Medindie, Fourth Ave, St Peters and Hewitt Ave, Rose Park which all recorded medians of more than $2.75m.

Harcourts St Peters’ Rupinder Singh, who is currently selling a home at 80A Church Terrace, Walkerville, said the street was highly prized, but unlike some of Adelaide’s best-loved boulevards, it still offers some affordable entry points into the lifestyle of many people’s dreams.

“It’s a beautiful, quiet tree-lined street within walking distance of St Andrew’s School, the houses are beautiful and it’s well serviced by shopping centres,” he said.

“There are also parks at both ends of the street and a bowling club nearby, as is Linear Park.

“Homes here are targeted mostly by families and downsizers.

“Despite there being sales on the street in excess of $4m, there are still some more affordable options where these people get to enjoy the exact same lifestyle

“In terms of value growth from an investment point of view, you can’t really go wrong – we haven’t seen prices go down in this street.”

Real estate selling Rupinder Singh outside the home he is selling on Church Tce. Pic RoyVanDerVegt.

---

At the other end of the spectrum, Adelaide’s most affordable buying options can be found at Gayland Rd, Elizabeth Downs, where a median-priced home will set you back $297,500.

This is some $82,500 less than the suburb’s median.

Nearby Butler St in Elizabeth Park, Wyong Cres at Andrews Farm and Greenwood Crescent in Smithfield Plains all had a median prices of $300,000 – all significantly less than their respective suburb medians of $401,000, $467,000 and $410,000.

Zack Hutchinson of LJ Hooker Craigmore/Elizabeth/Salisbury said there were some great accommodation across some of SA’s most expensive.

“Some of the homes I’ve sold in those pockets have got top dollar so it goes to show there is a real mix of size and quality, and these streets are becoming more expensive and that median rising as they are replaced with new four-bedroom, two-bathroom homes,” he said.

“These streets and their suburbs have really come a long way and they offer a fantastic lifestyle due to quality nearby amenities, and a great starting point and as such they’re attracting a lot of families which really is fostering a strong sense of community in these streets and their suburbs.

“These streets are very good entry points for first homebuyers, but it’s all about getting because these prices are only going to go up.”