43/34 Austin Street, Adelaide, SA 5000 | Apartment for sale | OnTheHouse
 
FOR SALE
$495,000- $515,000

43/34 Austin Street
Adelaide SA 5000

Bedrooms: 3
Bathrooms: 1
Car spaces: -
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HIGH-YIELD ADELAIDE CBD INVESTMENT | APPROX. 8.1%–8.4% GROSS RENTAL YIELD*

Positioned in the heart of Adelaide's thriving education, cultural and lifestyle precinct, Unit 43/34 Austin Street presents an outstanding opportunity for both investors and future owner-occupiers, offering exceptional rental returns, everyday convenience and long-term growth potential.
Currently leased at an impressive $800 per week until December 2026, this fully furnished three-bedroom apartment delivers immediate cash flow with an established tenancy already in place, offering an exceptional gross rental yield of approximately 8.1%–8.4%* based on the advertised price guide.
Professionally managed by an independent real estate agency, the property provides investors with flexible management arrangements while also presenting an excellent opportunity for future owner-occupiers to move in upon lease expiry.
Perfectly positioned opposite Adelaide University and within easy walking distance of North Terrace, Adelaide's vibrant East End, Rundle Mall and the CBD, the apartment enjoys consistently strong demand from students, academics, city professionals and owner-occupiers alike.
Designed for comfortable and practical living, the apartment features a light-filled open-plan living, dining and kitchen area that flows effortlessly onto a private balcony, creating an inviting space to relax or entertain. The contemporary kitchen is well-appointed with quality appliances including a gas cooktop, oven and refrigerator, complemented by generous cabinetry and ample storage.
Accommodation comprises three generous bedrooms, each featuring built-in robes, study desks, quality furnishings and abundant natural light, making the apartment perfectly suited to student accommodation, professional city living or future owner occupation. A fully tiled bathroom, internal laundry facilities and ducted reverse-cycle air conditioning complete this well-appointed city residence.
Whether you're seeking a high-performing investment with an outstanding gross rental yield or planning to move into a vibrant city residence once the current lease expires, this outstanding apartment offers the perfect combination of strong income, blue-chip location and exceptional long-term potential.
Property Features
-Approx. 8.1%–8.4% gross rental yield*
-Secure rental income of $800 per week (Approx. $41,600 p.a.)
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Property Details for 43/34 Austin St, Adelaide

43/34 Austin St, Adelaide is a 3 bedroom, 1 bathroom Apartment. The place is currently for sale with Sinova Property.

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Apartment
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. There are 42 parks, covering nearly 50.5% of the total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation.In 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.

Adelaide has 18,851 properties. Over the last 5 years, Houses in Adelaide have seen a 41.27% increase in median value, while Units have seen a 42.53% increase. As at 30 June 2026:

  • The median value for Houses in Adelaide is $1,253,824 while the median value for Units is $612,302.
  • Houses have a median rent of $670 while Units have a median rent of $620.
There are currently 176 properties listed for sale, and 84 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1289 properties were sold in the past 12 months in Adelaide.

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Felix Chu
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David Deng
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Sinova Property
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