Off-Market Properties
in Adelaide

Adelaide agents offer their off-market houses to buyers they've dealt with before. Vacancy here was 0.60% in September 2026. A vendor with a tenanted house has less reason to discount. We check every private price against recent comparable sales before we talk numbers.

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Adelaide's median dwelling value was $937,207 at 31 August 2026, up 64.0% over five years. In 2021 this was the affordable capital. Values now sit 1.6% below their May 2026 peak. Citywide vacancy was 0.60% in September 2026. In August it ran from 0.12% at Morphett Vale to 0.92% in postcode 5113 across the postcodes we buy in.

Davoren Park houses averaged 27.54% growth a year over five years, so a vendor there has every reason to ask a strong number. When a house comes to us privately we price it off the recent comparable sales, the same as we would with a listed one.

We've bought 300+ investment properties for clients, 86% of them off-market. Our network runs across Adelaide and regional South Australia.

River Torrens and riverside path with Adelaide city buildings behind on a sunny day
The River Torrens beside Adelaide's city centre. Photo: Pavel Špindler, CC BY 3.0, via Wikimedia Commons

What Off-Market Looks Like in Adelaide

01

Northern Suburbs Pitched on 5%-Plus Yields

A lot of northern-suburb stock still gets pitched on a 5%-plus yield. Across every Adelaide suburb we measured, gross yields sit between 3.38% and 4.63%. When one of those houses comes to us, we work out the yield on its current rent and its price.

02

Tight Rentals Change the Negotiation

Postcode 5108 had 28 empty rentals across 5,432 properties in August 2026. With vacancy that low, a tenanted house there would re-let quickly if the tenant left. Its vendor has less reason to discount for a private sale than in a loose market.

03

Plenty of Sales to Price Against in the South

Morphett Vale recorded 441 house sales over the year to 30 June 2026, selling in 22 days.

Where We Buy Off-Market in Adelaide

We track six house markets, from the northern corridor at Elizabeth and Davoren Park down to Morphett Vale in the south, on medians from $550,000 to $782,500. In Adelaide we now buy for rental demand more than yield.

Elizabeth North

The lowest entry price of the six, and the best gross yield.

  • Median house: $550,000
  • Gross yield: 4.63% at $490/wk
  • Sales: 106
  • Vacancy: 0.92% across postcode 5113

Salisbury North

The tightest rentals in the north. Its 10.00% growth over the year was the lowest of the six.

  • Median house: $660,000
  • Gross yield: 4.33% at $550/wk
  • Sales: 188, selling in 28 days
  • Vacancy: 0.52% in postcode 5108

Morphett Vale

The most sales and the fastest selling of the six, with the weakest yield.

  • Median house: $782,500
  • Gross yield: 3.99% at $600/wk
  • Sales: 441, selling in 22 days
  • Vacancy: 0.12% in postcode 5162

Davoren Park, Elizabeth Downs and Munno Para complete the six on the Adelaide buyers agent page. Our guide to the best suburbs to invest in Adelaide goes wider. We also buy in Mount Gambier.

Medians, growth, sales counts and days on market are CoreLogic to 30 June 2026, via Your Investment Property. Rents run to 31 August 2026. Gross yield is weekly rent times 52, divided by the median. Vacancy is SQM Research for August 2026, at postcode level. City medians and growth are Cotality's Home Value Index to 31 August 2026; city vacancy is SQM Research for September 2026.

How We Find Off-Market Properties in Adelaide

We're based in Sydney and work with Adelaide investors remotely. We attend the inspections for you and carry the purchase through to settlement. Selling agents call us first because we buy constantly.

We won't pay a price that only works if the last five years of growth repeat. Off-the-plan stock is out, and so is anything through a project marketer.

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Off-Market in Adelaide: Questions

Can I see a list of off-market properties in Adelaide? +

No. An off-market property is offered by the selling agent to a few buyers before it is advertised, so there is no public list to browse. Australian Property Experts puts the Adelaide properties that fit a client's brief in front of them, with the yield worked out on the current rent and the price.

How do I find off-market properties in Adelaide? +

Selling agents in Adelaide offer off-market properties to the buyers they have settled with before, and a buyers agent who buys regularly in Adelaide is one of those buyers. Vendors sell that way for privacy, to avoid campaign costs, to test a price, because of a divorce or an estate, or because the house is tenanted. Australian Property Experts buys from Elizabeth to Morphett Vale and sources 86% of client purchases off-market.

Are off-market properties in Adelaide cheaper? +

Not always. With vacancy at 0.60% in September 2026, a tenanted house re-lets quickly if the tenant leaves, so its vendor has less reason to discount than in a loose market. A private sale gives the buyer certainty and a few days for due diligence, with the price set against recent comparable sales rather than a campaign. On average, Australian Property Experts clients have paid $22k below market value.

Which Adelaide suburbs does Australian Property Experts buy off-market in? +

Six house markets: Elizabeth North, Davoren Park, Elizabeth Downs, Salisbury North and Munno Para in the north, and Morphett Vale in the south, on medians from $550,000 to $782,500. The agency also buys in Mount Gambier and across regional South Australia.

Why do yields on Adelaide off-market deals look higher than they are? +

A pitched yield is often worked out on a rent and a price from different dates, which makes it look higher than the property pays. On weekly rent times 52, divided by the median, gross yields in every Adelaide suburb measured sit between 3.38% and 4.63%. Australian Property Experts checks a 5%-plus pitch on a northern suburb against the property's current rent and its price.

Do developers or selling agents pay Australian Property Experts? +

No. The buyer pays one flat fee, and no developer, project marketer or selling agent pays the agency anything.

How long does an off-market purchase in Adelaide take? +

Clients typically secure a property 1 to 8 weeks after engaging Australian Property Experts. Engagement to settlement in Adelaide usually takes 6 to 12 weeks, and a property already in the agency's off-market network can pull the date forward.

Is Adelaide still worth buying off-market after a 64% run? +

Yes, for the rental demand rather than the yield. Prices have already risen a long way, with Adelaide's dwelling values up 64.0% over five years to a city median of $937,207. Vacancy was still 0.12% to 0.92% across the postcodes tracked in August 2026, against 1.57% in the CBD.

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