Regardless of whether you're looking to obtain property investment loans or your first home loan, you may want to consider purchasing property in one of Adelaide's suburbs hotspots – where the weekly mortgage repayments are less than the median rental amount.

According to data released by Turner Real Estate, there are nearly 40 suburbs in metropolitan Adelaide where it's cheaper to own your home than rent.

Robin Turner, managing director of Turner Real Estate, said in a statement released July 11 that while interest rates are low, there is a "golden opportunity" to secure yourself a home within the market.

"We are starting to see the market warm-up in the sales area and rents tend to rise in line with CPI, so buying now could be a smart move for those ready to make the transition."

This could be fantastic news for anyone looking to make the transition from tenant to homeowner – taking advantage of the current market climate could end up saving you money in the long run, if you manage to secure a competitive home loan.

For example, property in the suburb of Evanston Gardens has a media sale price of $150,000 and a weekly mortgage repayment amount of $148. On the other hand, the median weekly rent in the suburb sits at $270.

Organising your home loan finances before approaching the market could help you to secure a fantastic property deal and begin your climb on the real estate ladder.

Getting in contact with the team at Smartline will help you to get professional advice about your current financial situation. Their experts can help you to compare home loans in order to ensure you find the right home loan for your situation.

Their helpful, trustworthy advice can help you to take the first steps along the property ladder and facilitate your real estate dreams!

You can contact a Smartline Mortgage Adviser on 13 14 97 for home loan advice. Or complete our call request form and we’ll call you!

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DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.