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Also, if you are young, single and don't mind unit living, look at North Adelaide. The scungy units there are surprisingly cheap but the location is fantastic. Lived in one of them a while back, want to buy one myself in a few years. Edit: nevermind, the dog probably rules these out

Southern Blair Athol. Southern Kilburn. Broadview. Clearview. Parts of Prospect. You can still get quite cheap units in these areas, and they are close to the city and near shopping, and getting gentrified.