Affordable homes under $400K hit the market today

More than 20 new affordable homes in Adelaide’s north have hit the market, aiming to make homeownership more accessible to South Australians.

More than 20 new affordable homes in Adelaide’s north have hit the market, aiming to make homeownership more accessible to South Australians, offering a range of housing options priced below $400,000.

The release comprises 12 Torrens-titled fixed-priced house and land packages, with prices ranging from $399,900 to $410,000, along with 10 community title homes priced between $330,000 and $355,000. These well-designed properties offer two and three-bedroom layouts and are located in Smithfield Plains, fronting Davison Crescent and Barrat Street. Situated opposite the Curtis Road commercial precinct, they offer convenient access to essential services and shopping facilities.

With a focus on providing residents with comfortable and functional living spaces, the kitchens, dining areas, and living rooms are thoughtfully appointed, ensuring that these homes meet the needs of modern families and individuals.

This housing release is part of the SA Housing Authority’s Affordable Homes Initiative, which targets individuals with low to moderate incomes and enables them to enter the housing market. The initiative is designed to help households allocate no more than 30 percent of their weekly income to housing expenses, whether it be for mortgage payments or rent. It also enables families and individuals to budget more effectively for other essential living costs, including food, clothing, transportation, medical care, and education.

These homes are now available for purchase through the SA Housing Authority’s affordable homes platform,, providing an opportunity for first-time homebuyers and those with limited financial resources to realize their dream of homeownership.

Minister for Human Services Nat Cook expressed the importance of this initiative, stating, “It’s really tough to break into the housing market at present, and these homes will provide an opportunity for a number of first homebuyers.
“This is a really good initiative for lower-income South Australians to realize their homeownership dream. We build these homes in locations like this one so that people are near the services they need.”

Mary Patetsos, SA Housing Trust Board Presiding Member, highlighted the valuable partnerships that make initiatives like these possible.

“The outstanding partnerships we have with our builders like Rivergum Homes under the Affordable Homes Program mean innovative approaches to bringing affordable homes to the market, benefiting our customers and South Australia as a whole.”

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