5 Adelaide Residences Under $1 Million

106 Drayton Street, Bowen

Restored 1850s charm arrives renewed with 4-bedroom, 2-bathrooms and 2-car parking on offer.

The home sees timber floors, restored open fire, Velux skylight in the original portion of the home while the rear addition offers a 4.2m ceiling peak and a rooftop terrace for a summery, private beer garden feel.

Inside the striking monochrome kitchen’s 3.7m long Smartstone island with Schock black granite dual sinks fronts 2 Bosch pyrolytic ovens and a gas 5-burner cast iron cooktop, before signing off with a blackbutt feature wall hiding a pantry, appliance nook, and a master suite pass.

Through the blackbutt feature wall the master suite awaits. With floor to ceiling linen sheer curtains, the bedroom looks out to the established garden. The generous walk-in-robe leads to the private ensuite with solid timber messmate vanity and marble basin.

The listing is with Harris Property, price $935,000. Harrisrealestate.com.au

G03/1 King William Street, Kent Town

A newly built, open plan townhouse apartment located in the desirable East Park Kent Town development is nearby to the parklands, Botanic Gardens, National Wine Centre and more.

Offering 3 large bedrooms – including master with opulent ensuite bathroom – this quiet private and secure 2 storey townhouse is ideal for small families or downsizers.

It arrives with a large private courtyard out back, while the interior living space sees a stone benchtop kitchen replete with Smeg appliances and a walk-in pantry.

Elsewhere the property sees access to an onsite gym and resident’s pavilion and 2 secure car parks.

Priced from $985,000; eastparkkenttown.com.au

Level 2/23 Peel Street, Adelaide, SA 5000

Planted firmly in the heart of Adelaide’s CBD comes this 3-bedroom, 2-bathroom apartment.

Arriving with high-end fixtures and fittings, the home on Peel Street is complete with wooden floorboards underfoot and exposed brickwork, giving the home an industrial, warehouse conversion appeal.

The apartment offers three generous bedrooms – the master complete with a luxurious walk-in robe and ensuite – the latter replete with a free-standing bath.

The home’s kitchen is the focal point, with modern stainless-steel appliances and a metal bench top elevating the industrial appeal of the home.

Located adjacent to happening Leigh Street, this home is in the thick of Adelaide’s nightlife. With its location exuding nothing but convenience, your choice of pub, restaurant or cafe is mere seconds from your reach.

The listing is with Belle Property Adelaide, $900-$963,000. Belleproperty.com

214C Gilbert Street, Adelaide, SA 5000

This architecturally designed, industrial-themed 2- bedroom, 2-bathroom, 2-garage townhome offers the cutting edge of design.

Offering stunning pre-cast concrete walls, industrial style, fibre cement cladding, eye-catching steel canopy structure – the home melds together natural wood and stone surfaces in effortless style.

Further, the residence sees two spacious bedrooms both with ensuites and built-in robes.

Elsewhere, a state-of-the-art kitchen arrives with stone benchtops and polished hardwood flooring underfoot.

However, the home’s real sell is found on the roof with a terrace offered featuring a waterproof awning and panoramic views.

The residence offers an exciting and low maintenance lifestyle is guaranteed in the eclectic South West/Central Market precinct. Surrounded by many new funky cafe’s, wine bars and entertainment venues.

The listing is with Ray White Adelaide CBD, priced at $950,000. Raywhiteadelaidecbd.com.au

22/237 Wakefield Street, Adelaide, SA 5000

When compared to others on this list, the east end address offers value in bounds.

This 3-bedroom, 2-bathroom, 1 car, fabulous double-storey loft-style apartment offers minimalist, modern design and features soaring double-height ceilings for an airy feel.

It holds an expansive living area that looks upon the private courtyard while the modern staircase leads one upstairs.

Here, on the upper level, land two well-sized bedrooms – the master with a walk-in robe and a 2-way bathroom. Downstairs sees a third bedroom with direct balcony access.

Just moments from a great coffee on Hutt Street and minutes to the Central Market and shopping, this property provides access to city living that is unrivalled.

The listing is with Fox Real Estate and priced at approx. $750,000. Foxrealestate.com.au

There are 10 local council areas scattered along the East Coast of Australia that offer both affordability and solid fundamentals for sustainable future growth, according to the research team at residential property network, PRD. The areas have been selected based on five criterion. They are affordability – defined as a median house price below $600,000, rising house values, strong rental yields to encourage investment, a strong pipeline of residential, commercial and infrastructure projects to facilitate local economic development, and low unemployment.

Here are Australia’s 10 most affordable regional property markets with great future potential.

Mackay, QLD

Mackay is a tropical coastal area located in north Queensland. It’s known for its closeconnection to the Great Barrier Reef. The median house price is $462,750, up 8.9 percent in 2023. Mackay attracts a lot of interstate migrants and is home to more than 120,000 people. It has a healthy economy with an unemployment rate of 3.7 percent and $1.7 billion worth of projects due to commence this year.

Toowoomba, QLD

The Toowoomba median house price was up 10.9 percent in 2023.

Toowoomba is located west of Brisbane and is known for its Victorian buildings, street artand surrounding national parks. The median house price is $560,000, up 10.9 percent in 2023. The city has a population of more than 180,000. The unemployment rate is 4 percentand there is $6.1 billion in projects commencing in 2024.

Townsville, QLD

Townsville is a coastal city in north-eastern Queensland. The median house price is $420,000, up 5 percent in 2023. It is home to more than 200,000 people. Unemployment is very low at 2.5 percent and there is $3.2 billion of projects commencing this year.

Dubbo, NSW

Dubbo is located west of Newcastle in the Orana Region and is home to the Western Plains Zoo. The median house price is $530,000, up 11.6 percent in 2023. The population has exploded in recent years to more than 56,000 people. The unemployment rate is just 2.2percent and the economy is thriving. There is a pipeline of $4.7 billion in projects commencing this year.

Tamworth, NSW

Located in north-east NSW, Tamworth is known for its popular annual Country Music Festival. It’s also the largest retail centre for the New England and Northwest Slopes regions. The median house price is $490,000, up 14 percent in 2023. With a population of more than 65,000 people, the economy is strong with unemployment of just 2 percent and $112.4million worth of projects commencing this year.

Griffith, NSW

Located west of Sydney and northwest of Canberra, Griffith is known for its prime produce production and wine cultivation. The median house price is $531,000, up 2.1 percent in 2023. Griffith’s population is about 27,000 people. The city boasts high economic resilience with a 2 percent unemployment rate and $258.7 million in projects in the pipeline.

Ballarat, VIC

Ballarat is a 1.5–hour drive west of Melbourne. It’s popular with city commuters who move here for housing affordability and a relaxed lifestyle with easy access to the city via train. The median house price is $570,000, down 4.2 percent in 2023 but up 92.9 percent over the past decade. The city has the third highest population in Victoria at about 118,000. Ballarat has an unemployment rate of 3 percent and a total projects pipeline worth $2.3 billion for 2024.

Shepparton, VIC

Shepparton is a rural area about two hours north of Melbourne. It is popularly referred to as ‘the food bowl of Australia’. The median house price is $475,000, up 4.4 percent in 2023. The population is about 70,000. The unemployment rate is just 2 percent and there is $1.8 billion in projects for 2024.

Wodonga, VIC

Wodonga is located on the border of NSW on the southern side of the Murray River. It is approximately 320km from Melbourne and 345km from Canberra. The median house price is $567,250, up 4.7 percent in 2023. With a population of about 44,000, the city’s jobless rate is 3 percent and there is $388.2 million in development set to commence in 2024, primarily new infrastructure.

Burnie, TAS

Burnie is a bustling port city located in Emu Bay in Tasmania’s north-west. Overlooking beaches and parklands, the area is known for its rich agriculture and mining projects. The median house price is $435,000, up 3.6 percent. Despite a rising population, the unemployment rate is falling and is currently 5.6 percent. In 2024, Burnie’s project pipeline is valued at approximately $1.6 billion. A significant portion is commercial development, primarily renewable energy projects.