Artificial intelligence has revealed what it thinks the typical Adelaide home looks like and the results reveal a huge gap between AI’s imagination and the state’s skyrocketing property market.
AI program Chat GPT, which creates realistic images based on a user’s prompts, was asked by The Advertiser to create images of a “typical” home in some of Adelaide’s most prominent suburbs, based on the citywide median house price of $765,432, according to PropTrack.
The results were a tad depressing but there were also some surprises in the mix.
Here’s what we’ve found.
MEDINDIE
In Medindie, AI reckons Adelaide’s median house price can fetch you a two-storey character home that, if we’re honest, looks somewhat like Halliwell Manor – the Victorian house used in the TV show “Charmed”.
While impressive to look at, the reality is that you’re unlikely to score a character home in this price range, with houses in the prestigious suburb selling for well above $3m, on average.
In fact, realestate.com.au sales data shows the last – and only – home to sell sub $800,000 since 2022, was a modest, two-bedroom, one-bathroom apartment at 2/16A Robe Tce, which sold for $742,000 in March this year.
Sorry, AI. Looks like you’ve got this one very, very wrong.
According to Chat GPT, $765,432 will buy you this grand character home in Medindie.
But property data shows you’re more likely to score this modest unit at 2/16A Robe Tce for that price.
NORTH ADELAIDE
In North Adelaide, AI envisions a modern, two-to-three-bedroom custom-built home.
While aesthetically accurate, buyers are unlikely to find a house like it for under the suburb’s median of $1.34m and, in fact, could be asked to pay well above it, with the neighbourhood a popular spot for cashed-up buyers due to its near-city locale.
For under $800,000, buyers are more likely to score a modest unit, such as 22/70 Finniss St, which sold for $556,000 in September this year.
Chat GPT will have you believe you’ll be able to buy this North Adelaide home for sub-$800.000. Sorry, it’s not going to happen.
With North Adelaide house prices sitting well over $1m, you’ll be looking at a unit if looking to enter the suburb on a budget.
MODBURY
In Modbury, AI pictures a modern family home with landscaped gardens that is set in an established neighbourhood. All we can say is: Finally! AI got one right.
Not only is the suburb seeing a growing number of new builds – as envisioned – but PropTrack shows the suburb median of $725,000 is well in line with the prompts given to Chat GPT.
A prime example is 3B Faulkner St, a three-bedroom, two-bathroom home on 238sqm, which sold for $725,000 in September this year.
Chat GPT thinks this is what the average Modbury home looks like. For once, the program got it right.
Modern homes like 3B Faulkner St are found dotted around Modbury.
ALDINGA BEACH
In Aldinga Beach, AI envisions the average family home to be a two-to-three-bedroom new-build that’s walking distance from the beach. A quick search on realestate.com.au reveals that the program isn’t too far off with its prediction – with modern homes quickly replacing beach shacks and ageing family abodes. Even the estimated price is pretty spot on, with homes selling close to the suburb median of $695,000 but going up in price the closer a home is located to the beach.
Aldinga Beach is quickly becoming a heaven for modern family homes, like this one imagined by Chat GPT.
12 Polkinghorn Ave, Aldinga Beach just sold for $786,000 – so we think AI was pretty spot on when it came to this one.
MOUNT BARKER
Even AI knows that Mount Barker is no longer a country town. Rather, it’s quickly turning into the suburbia of the Hills, with one housing development after another taking shape. As much was reflected when we asked AI to create an image of a $765,432 home – with the program generating a modern, multi-level build, instead of a country estate surrounded by rolling hills. It’s also unlikely that a buyer could score the pictured home for sub-$800,000, if recent sales on realestate.com.au are anything to go by. An example is this two-storey, five-bedroom home at 32 Greenfield St, which sold for $990,000 in July last year.
Don’t get us wrong. This home is fancy but you won’t find one like it in Mount Barker for under $800,000.
If you’re after a double-storey home in Mount Barker, be ready to spent big. This five-bedroom home at 32 Greenfield St, Mount Barker just sold for $990,000.
GLENELG
Aesthetically, AI couldn’t be more spot on with how it envisions a luxe Glenelg home particularly close to the esplanade. But when it comes to the price, a budget of $765,432 is unlikely to help buyers across the line. For starters, the average Glenelg house sells for $1.58m. However, buyers looking to score a similar abode as that generated by AI, could be forced to spent significantly more, as proven by 14 Kent St. The multi-level, four-bedroom home sold for $2.75m in February this year, almost three-and-a-half times more than Adelaide’s median house price.
Aesthetically, AI got this one right – but not for the price point given in the pitch.
14 Kent St, Glenelg is similar to the one imagined by AI but cost $2.75m.
ELIZABETH
We get it. House prices are going up – even across Adelaide’s typically “cheap” northern suburbs. But paying $765,432 for what appears to be an 80s-built, two bedroom home in Elizabeth? Sorry AI, we don’t think so. If sales data is anything to go by, homes selling for close to Adelaide’s median house price come with at least five bedrooms, have a generous allotment of over 650sqm and even then leave buyers with some spare cash, with Elizabeth’s top earner recorded in 2022, when 12 Wishford Rd sold for $673,000.
Older-style, two-bedroom homes are the norm in Elizabeth but AI definitely got the price wrong.
This five-bedroom, two-bathroom home at 12 Wishford Rd, Elizabeth just sold for $673,000 – well below the $800,000 price guide.
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