North Adelaide real estate is in a class of its own - arguably one of Adelaide’s most prodigious suburbs, home to everything you could wish for.
Whether you buy or rent in North Adelaide, the lifestyle is unrivalled. Heritage homes, mansions, cute cottages and modern luxury homes are surrounded by a leafy parkland perimeter with the vibrant Adelaide Oval Riverside Precinct forming a picturesque boundary with the CBD.
In central North Adelaide charming heritage pubs are nestled amidst leafy streets. Melbourne and O’Connell Street’s lively dining and entertainment strips bustle day and night, while high-end boutique stores and galleries take their place alongside historic monuments such as the Piccadilly Theatre’s art deco era and the striking Victorian architecture of North Adelaide’s most iconic building, St. Peter’s Cathedral.
Median Rent In North Adelaide
Houses for sale in North Adelaide fetch a pretty price as indicated by the North Adelaide median house price of $1,320,000 in July 2024.
If buying a house in North Adelaide is a little beyond your means, you might find the cost of houses for rent in North Adelaide better suited to your budget.
The median rental price for houses in North Adelaide was $700 per week in July 2024, with North Adelaide units fetching a quite reasonable median rental income of $480 per week for the same period.
Why Do Renters Love North Adelaide?
Boffo Real Estate’s Head of Property Management, Giulia Kareta, knows why North Adelaide is so popular with renters.
“North Adelaide is a popular location for various renters whether they are seeking close proximity to the CBD, great cafe culture, entertainment venues, shopping, hospitals or just to enjoy the charm of the beautiful architecture, parks and tree-lined streets. North Adelaide is coming alive with the soon-to-be-completed apartments at Eighty Eight O'Connell and the iconic Melbourne Street is still an ever-popular place to hang out.”
What Type of Property Can You Rent in North Adelaide?
Giulia’s property management department have quite a range units and houses for rent in North Adelaide:
“North Adelaide is a montage of tiny cottages and units to turn-of-the-century mansions with every inch of space inhabited by charming and quirky abodes. This creates a colourful and vibrant community where everyone comes together regardless of affluence,” says Giulia.
North Adelaide’s Significant Rental Properties
In the Melbourne Street precinct, an architectural masterpiece on a small plot of prime real estate was recently leased by Boffo Real Estate. It was snapped up by a very happy Melbournian family who fell in love with the home and the location.
It was the Adelaide High School zoning that sealed the deal for this family, and they join other former tenants who have enjoyed the cosmopolitan lifestyle North Adelaide offers.
Boffo’s property management team see managing and leasing properties in North Adelaide as a privilege. Some renters settle in North Adelaide for years, others come and go. While their adventurous lives may whisk them away the Boffo property managers are sure that those tenants always take fond memories of their time in the lovely suburb of North Adelaide.
Demand For Rental Properties In North Adelaide
Property management expert Giulia Kareta says interest in renting homes in North Adelaide has been constant over the last 10 years, even throughout COVID. As international travel recommenced post covid, demand increased with most North Adelaide residences being rented after only one inspection.
One of the sensational North Adelaide homes on Boffo’s rental list was recently sold by Fadi Oudih’s team. The four-story, three bedroom residence at 5 Watson Street North Adelaide features a basement home theatre and a rooftop entertainment terrace, recently selling for $1,750,000. If you were keen to rent that North Adelaide home we’re sorry it’s unavailable, but don’t worry… there are still other amazing houses and units for rent in North Adelaide.
