98 Harvey Road, Elizabeth South, SA 5112
$590,000
3 1
Open Saturday 8 August 1:45 pm Auction Saturday 22 August 2:30 pmDeveloped in the 1950s by the South Australian Housing Trust as a satellite city to support the post-war industrial boom. It was the primary residential hub for workers at the massive General Motors-Holden plant until its closure in 2017.
Currently transitioning from a manufacturing-dependent enclave into a diverse residential area supported by the 'Lionsgate' business park redevelopment.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Elizabeth South represents the 'bottom of the ladder' in the Adelaide market, making it a critical indicator for regional affordability and a magnet for yield-chasing investors.
$420k – $560k
$280k – $350k
12-month movement
Current asking rents
The rapid price escalation since 2022 reflects the exhaustion of affordable stock closer to the city, pushing buyers into the outer northern ring.
Price comparison
Median price ÷ median income
Estimated rental yield
Remains one of the most accessible markets in South Australia, though the gap is closing as prices rise faster than local wage growth.
Lower = tighter market
Avg time on market
Annual rental increase
Low-income families, essential workers, and NDIS participants.
Strong cash-flow territory. Capital growth is increasingly reliant on the success of the Lionsgate precinct and broader northern infrastructure projects.
Steady growth expected as the northern corridor densifies, though it will likely remain a lower-quartile performer compared to Adelaide's eastern and southern suburbs.
vs last 12 months
Relative comparison
Prioritize properties with secure fencing, alarm systems, and sensor lighting. Check the specific street's history via SAPOL online maps.
The primary risks involve socio-economic volatility and property condition issues related to aging Housing Trust stock.
Low risk; mostly located on elevated plains with adequate storm drainage.
Negligible risk; urbanized area far from the Adelaide Hills fire zones.
Standard premiums apply, though some insurers may load for high-crime postcodes.
Affordable Housing, Noise and Air Emissions (near industrial/rail).
Allotments within 400m of the Elizabeth South Railway Station.
Zoning allows for moderate densification, making it attractive for small-scale developers looking to build townhouses.
High rail accessibility; poor bus frequency in some pockets.
Basic local shops; excellent access to Elizabeth City Centre (2km away).
Ample green space including Ridley Reserve and Mofflin Reserve.
Elizabeth South Primary is central; secondary options are limited.
Close to the Lyell McEwin Hospital (major public hospital).
A young, working-class population with a high percentage of single-parent families and renters.
The high rental population ensures strong demand for investors but can lead to less neighborhood stability compared to owner-occupier dominated areas.
The transformation of the former Holden site into a multi-use business park is the single biggest economic driver.
Residents appreciate the affordability and transport, but express ongoing concerns regarding safety and the lack of local high-quality dining or entertainment.
I could actually afford a house with a backyard here, which is impossible anywhere else in Adelaide now.
The crime has always been an issue; you need good fences and to know your neighbors.
The rental return is fantastic and I've never had a vacancy for more than a week.
Being right on the train line makes getting to the city for work very easy.
It's okay, but you have to drive to Elizabeth or Salisbury for anything decent.
The local primary school is fine, but I'm worried about where to send them for high school.
Position the property as a 'strategic entry point' or 'high-yield asset' rather than a lifestyle choice. Focus on the tangible financial benefits and the future upside of the Lionsgate redevelopment.
High-yield play with potential for long-term gentrification.
Higher tenant turnover, potential for property damage, and slower capital growth compared to inner-ring suburbs.
Very affordable rents and excellent train access.
Older houses can be poorly insulated and expensive to heat/cool.
Strict adherence to South Australian residential tenancy laws is required, especially regarding smoke alarms and blind cords.
Focus on 'The Future of the North' and the 'Lionsgate Opportunity'.
Yield-focused investors and young couples currently priced out of Salisbury.
This report is based on projected data as of March 31, 2026. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent due diligence and consult with professionals before making any property purchase.
Now
Before
$590,000
3 1
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