Adelaide’s most expensive – and most affordable streets – revealed

The most expensive street in Adelaide has a median price of $5.4m ... while the cheapest is under $100k. Explore our city’s most valuable (and most affordable) streets.

A new report reveals Adelaide’s priciest and most affordable streets – and there is one very surprising absentee in the most expensive stakes.

The Ray White report examined sales taken from the past three years to the start of December.

Streets with fewer than three sales from December 2018 to the end of November were excluded, as were those with a median value more than 15 times the suburb median, or those less than 20 per cent below it. Commercial sales were also excluded.

Adelaide’s most valuable street is, perhaps not surprisingly, Robe Tce in Medindie.

In analysing the street’s sales for the three years to the start of December, Robe Tce recorded a median price of $5.4m, more than three times the suburb median of $1.73m.

Robe Tce, Medindie – unsurprisingly ranked Adelaide’s most valuable street. Picture: Dean Martin

Mills Tce, North Adelaide, was the second most valuable, recording a median over three years of $3.181m – significantly more than the $1.225m suburb median.

Millswood’s Avenue St took out third place with a median of $2.81m, more than double the suburb’s $1.3145m median.

Surprisingly, Unley Park’s Victoria Ave – widely regarded as Adelaide’s finest metropolitan street and veritable “boulevard of dreams”, did not even make the top 10.

Ray White data analyst William Clark said the street ranked 36th, with a median sale price of $1.785 million – almost $300,000 below the suburb’s $2.02 million median, due to agents not disclosing sale prices.

“Victoria Avenue was excluded due to a number of what appears to be $0 sale values between 2021 and 2018,” Mr Clark said. “These basically pull the median way down.”

Church Tce, Walkerville made the top 10 list. Picture: Dean Martin

South Esplanade at Glenelg – beachfront living always attracts a premium price, but it didn’t make the top 10. Picture: Dean Martin

Buyers looking for metro Adelaide’s most affordable housing should look primarily to the northern suburbs.

Ajax Court, Para Vista, has Adelaide’s lowest median sale price of any metropolitan street at $99,000 – $316,500 less than the suburb’s $415,500 median.

Dudley Ave, North Plympton recorded a $167,900 median, compared with a $607,750 suburb median, while Dernancourt’s Lower North East Rd has a street median of $172,500 – significantly less than the suburb’s $540,000 median. The rest of the 10 cheapest were in Adelaide’s northern suburbs.

Marlborough St, College Park also made the “most expensive” list. Picture: Dean Martin

Don’t expect to see Victoria Ave, Unley Park on the list. With too many undisclosed sales prices dragging down the median value, this boulevard of dreams only came in at 36th place. Picture: Dean Martin

Harcourts Sergeant director Matt Sergeant said the northern suburbs offered fantastic investment opportunities and enabled buyers an affordable entry point into the market.

“The further you go out the cheaper the properties will be and the generally your yields will get stronger,” he said.

“In some of these areas you can buy a semi-detached home for under $200,000 and generally you can rent them out for more than $250 a week.

“You’ve just got to be prepared that sometimes the capital growth might not be as strong as an area that’s nearer the city.”