Modbury North has earned the title of Adelaide’s most affordable and liveable suburb for homebuyers That’s the finding of the latest edition of the People’s Choice of Housing, which has also identified
Paradise as the best all-round suburb for people looking to purchase a unit.
The report has found significant changes over the past six months, with a number of suburbs making their first appearance in the rankings, People’s Choice Chief Executive Officer Steve Laidlaw said.
“Modbury North is the stand out. Moving up from 7th spot six months ago – partly due to a small decrease in the median house price to $364,500 – Modbury North is a settled, affordable suburb that’s well supported with schools, licensed venues and public transport. Indeed, it ranks 66th for liveability across the entire metropolitan area,” he said.
“Interestingly, it is followed in the rankings by two very different suburbs – Direk in the north and Aberfoyle Park in the south. A small suburb, 22km from the CBD, Direk scores very well thanks to exceptionally good rates for safety and unemployment along with a median house price of $311,000,” he said.
Aberfoyle Park is more expensive at $440,000 but really shines for lifestyle attributes including 10 local schools and childcare centres, 10 licensed venues and a low population turnover.
For unit buyers, Adelaide’s top three suburbs in the latest rankings – Paradise, Pasadena and Daw Park – are all newcomers thanks to the availability of new market information.
"Ranked fifth overall for houses, Paradise does even better when it comes to units with a very affordable median price of $260,000 while still enjoying first-rate public transport links, a raft of local schools and a low crime rate, all less than 10km from Rundle Mall,” Mr Laidlaw said.
“Pasadena and Daw Park are on the other side of the CBD in the south but offer a similar, attractive mix of access, services and lifestyle. Daw Park is somewhat more expensive at $315,000 which equates to about $350 a week in repayments. Mansfield Park, which ranked 17th with the lowest median unit price of just $140,000, would have been higher on the list apart from its relatively high rate of reported crime.”
Produced every six months, the People’s Choice of Housing offers a unique view of Adelaide’s real estate market by rating suburbs based on both affordability and liveability. Suburbs are only included if a couple on average incomes and spending is likely to be able to get finance for a median-priced home there. If so, the suburb is then judged on liveability factors – including access to a variety of public transport routes, driveability, crime rates, schools, economic prospects, local services, and an analysis on how settled the community is.
While COVID-19 will continue to disrupt the housing market for months to come, this latest edition of the People’s Choice of Housing is an excellent resource for the many people researching now for their dream home. And for those ready to move before the market does, there just may be some excellent savings to be had.
This year the report analysed data on 363 suburbs and locations across South Australia which fell within our overall affordability criteria.