This Saturday, there are three properties going under the hammer in Adelaide’s northern suburbs.

First at 10:00am, LJ Hooker Craigmore presents 127 Davoren Road, Andrews Farm. This property has been burnt out so would be suitable for restoration or possible redevelopment. The remains of the current home feature three bedrooms, a garage and carport, and close proximity to the Columbia Private School. Anticipated price range is around $180,000.

Two more auctions will be happening a little up the hill. At 11:30am, 7/21 Hillrise Court in Wynn Vale will be auctioned. This lovely townhouse is in a secluded group and is just minutes from Golden Grove. A great opportunity for the first home buyer to get into the market in a sought after area.

Finally at 12:30pm, LJ Hooker Golden Grove will be auctioning 38 Elmwood Rise, Golden Grove. This one is a spacious family home, in a popular family-friendly area. There is plenty of room to move and the presentation is outstanding. This will be one to watch.

Oh, if you need a pre-approval before bidding at auction or making an offer, you can arrange one online with MyRate – they do a great basic home loan at just 6.34%.

I’m a firm believer that the first home buyer shouldn’t have to live on lentil casserole in order to meet their mortgage repayments. Adelaide’s north has numerous properties available that are relatively affordable, and have a comfortable standard of living. Here’s a selection of homes in the vibrant north that I think would be suitable for many first home buyers.

First on my list is 9/14 Vera Street, Paralowie. Listed for sale at $169,000 by Raine Horne This is a neat and tidy single level unit featuring two bedrooms, a private rear yard and a secure carport. Close to the bus on Waterloo Corner Road and a short drive to Hollywood Plaza. View the full listing for 9/14 Vera Street, Paralowie at RealEstateView.

My next property is a neat timber-frame homette in Salisbury, situated at 13 Post Avenue. This updated property sits on approximately 421m2 of land, and features a modern kitchen, floating floors, air conditioning, and a carport. Just a few blocks from the Salisbury interchange and the Parabanks shops, this is really quite convenient. Listed by Raine Horne for $185,000 – $195,000 , this represents great buying in this area. View the full listing for 13 Post Avenue, Salisbury at RealEstateView.

If you meet the criteria to be eligible for the SA Government’s Affordable Homes program, then 6/47 Amsterdam Cres, Salisbury could be the start for you. This is a neat two bedroom unit, single story, with off street parking. Ready to move in and priced at $165,000 by Smallacombe Sanderson Real Estate. View the full listing for 6/47 Amsterdam Cres, Salisbury at RealEstateView .

Now this one is a beautifully updated unit at a very affordable price. Listed at $179,000 – $196,000 by Toop and Toop, this ground floor unit at 3/32 Salisbury Highway, Salisbury has a private yard and secure carport, a modern kitchen with gas appliances, air conditioning, and a fresh, vibrant colour scheme. Just a short walk to the Salisbury interchange, this is the ideal first home for anyone who needs to commute to the Adelaide CBD. And a short walk in the other direction is the Holden factory too, so it would also be ideal for anyone working there. View the full listing for 3/32 Salisbury Highway, Salisbury at RealEstateView .

Where else in Australia besides Adelaide’s north will you find a metropolitan three bedroom home on a Torrens Title allotment of over 600m2 for under $200,000? Turner Partners have this lovely modernised semi-detached home at 54 Bagot Road, Elizabeth South on the market for $180,000 – $195,000. This house is nice and fresh, with a quaint pergola area and a huge back yard. It is situated close to the Elizabeth Shopping Center, Holden and the Elizabeth South train station which is due for a major upgrade in the coming months. View the full listing for 54 Bagot Road, Elizabeth South at RealEstateView .

So if you’re thinking about getting your first home, and you want an affordable property, think north.

Are you looking for a cheap first home or a budget investment property? The Little Para area has plenty to offer to buyers in both of these markets. Here’s five properties that are available in March 2010, ready and waiting to help you build wealth or get you away from the parents!

7/9 Brian St, Salisbury $140-145k. Solid brick downstairs air-conditioned unit, leased at $145/week.

4/24 Ponton St, Salisbury $145-155k. Solid brick, single storey, two bedroom unit with a private rear yard.

8/6 Loades St, Salisbury $140-150k. Upstairs, two bedroom unit, air-conditioned, and leased at $160/week.

88 Willison Road, Elizabeth South $160,000. Semi-detached 3 bedroom house, air conditioned, carport, verandah and a good size block.

25/6 Loades St, Salisbury $155,000. Two bedroom, open plan, ground floor unit.

These may not be the prettiest properties, but they provide a great opportunity for youngsters to get into their first home or start an investment portfolio. Grab your piece of cheap real estate today!

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