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Adelaide dwelling values increased by 0.8% over the second quarter
of 2016 taking them 3.2% higher during 2016 and 2.2% higher over
the 2015–16 financial year. Adelaide has consistently recorded only
moderate rates of growth over recent years and this trend appears to
be continuing. Houses and units are growing at a similar annual pace
of 2.2% and 1.7% respectively.
While values are recording moderate rises, rental rates are
experiencing moderate declines, –0.4% lower over the year for
houses and –0.8% lower for units. Subsequently, rental yields have
softened over the year from 4.1% for houses and 4.9% for units a
year ago to 4.0% for houses and 4.8% for units currently.
SOUTH AUSTRALIA
Adelaide’s growth remains consistent
Adelaide’s performance over time
Adelaide’s best performers
Houses
Units
Median Price
$450,000
$345,000
Quarterly change
1.3%
–4.1%
12 months change
2.2%
1.7%
5 year total change
8.0%
0.1%
10 year total change
42.6%
31.7%
Rank
Suburb
$
Affordable
1
ELIZABETH GROVE
$222,500
24 14.1%
2
MUNNO PARA
$245,000
59 11.1%
3
SMITHFIELD PLAINS
$187,500
25 6.1%
$$
Mid–range
1
GOLDEN GROVE
$464,000
158 11.9%
2
WILLUNGA
$460,000
52 9.5%
3
BRIDGEWATER
$458,250
94 7.3%
$$$
Prestige
1
NETHERBY
$1,054,000
18 37.3%
2
COLLEGE PARK
$1,717,500
15 34.7%
3
ERINDALE
$1,031,000
19 21.3%
Rank
Suburb
$
Affordable
1
PARA HILLS WEST
$240,000
22 14.3%
2
SALISBURY DOWNS
$239,500
24 13.5%
3
GAWLER WEST
$155,000
13 10.7%
$$
Mid–range
1
PAYNEHAM SOUTH
$345,300
13 7.9%
2
NEWTON
$345,000
22 6.6%
3
TRINITY GARDENS
$355,000
11 0.0%
$$$
Prestige
1
HENLEY BEACH
$562,000
71 35.4%
2
GLENGOWRIE
$557,500
73 25.3%
3
SEACLIFF
$500,000
21 16.3%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price
Affordable
= suburbs below 25th percentile
Mid–range
= suburbs between 25th and 75th percentile
Prestige
= suburbs above 75th percentile
Based on CoreLogic monthly indices capital city data to June 30, 2016
Adelaide Median Price
Houses
Units
Dwellings
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
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