Discussion in 'Where to Buy' started by Erica, 1st Feb, 2021.
I've been waiting a very long time to do some gloating about Adelaide
After a long spell of under-performance I really hope it's our time to shine. Cmmmmon Adelaide, I'd like to see the capital growth of 2002, 2003, and 2004 repeated thanks
It would be very cool to see a breakdown of the suburbs which are attracting the best capital growth .....
4th Quarter 2020 data not yet published by REISA (am patiently waiting, I'm interested to see too).
Summary of 3Q 2020 data ( I've only listed suburbs with 30 sales or more for the 3Q 2020), below shows the %price change between 3Q 2019 median sale price and 3Q median sale price 2020 :
Aberfoyle park (40 sales) +7.71%
Aldinga Beach (62 sales) +4.67%
Andrews Farm (33 sales) +1.42%
Athelstone (31 sales) +3.77%
Blakeview (41 Sales) +9.92%
Craigmore (35 sales) +8.00%
Flagstaff Hill (40 sales) -5.17%
Golden Grove (32 sales) -5.33%
Greenwith (44 sales) -4.17%
Hallett Cove (50 sales 8.60%
Ingle Farm (39 sales) +11.24%
Lightsview (31 sales) -3.74%
Magill (37 Sales) +0.73%
Mawson Lakes (42 Sales) +8.16%
Morphett Vale (70 sales) +3.67%
Munno Para West (37 sales) +2.35%
Para Hills (32 Sales) +7.08%
Parafield Gardens (49 sales) +12.77%
Prospect (53 sales) +5.99%
Seaton (30 sales) +6.34%
Valley View (34 sales) +8.20%
Warradale (30 Sales) +3.22%
Woodcroft (36 sales) +3.16%
The winners is Parafield Gardens - round of applause
I hear the ABC program 'The business' will feature property on its program tonight with regionals and Darwin featuring as 'top of the charts'. Hopefully Adelaide and Brissy will feature too.
If I may ask, where have you sourced this information from?
I can see SA is booming and currently researching the best suburb to invest in. I will come back to this thread in next 2 weeks to REVEAL!!
Real Estate Institute of South Australia publications:
Public Information - REISA
Just be cautious trying to draw conclusions for suburbs with only small sales numbers- as you can imagine it'd only take a couple of 'nicer than the average' houses to skew the median price (hence why I only listed suburbs with 30 sales or more).
Noooooooooooo Tassie top of the charts again ! I need the FACE PALM and CRYING FACE emojis !!!
Sackie just posted this one on another discussion, stolen re-posted here:
I would also not be wise to draw any "straight line graph" conclusions.
A lot of the boom in house prices has come from next to no stock, so desperate buyers were bidding astronomical amounts and fighting for the couple of dumps that were on the market. When extra quality properties returned to the market, the prices were always going to "normalise" as buyers had more choice and didn't have to fight.
For example, (According to SQM)
Aberfolye Park is down 10.5% in the rolling quarter to 2nd Feb. (After the surge)
Aldinga Beach is down 4.7%
Buyer beware - All the spruikers are trying to talk up the market based on old data. I've even heard the TV news is showing years old footage of thousands of people attending opens. I suspect a lot of people who don't do their research will get burnt.
Kudos go to @2FAST4U for finding this article gem :
Adelaide property values up as gulf between affluent and affordable suburbs grows - InDaily
pity the map doesn't zoom in but the coastal suburbs from West Beach - Semaphore clearly stand out as good performers over the past 6mths!
Thanks, I love spreadsheets, though I think one of your calculations isn't quite correct.
Real_growth% shouldn't be capital_growth% minus inflation_rate%.
If captial_growth% was 200% and inflation_rate% was 100%, your calculation would give you an answer of real_growth%=100%. I would argue that it should be 50%, or real_growth%=(1+captial_growth%)/(1+inflation_rate%)-1.
thanks @spludgey, clearly I am no maths wiz
Go Hobart..and then Launceston...
This is a great article about the growth across the past quarter and year, with a suburb by suburb map. And a very nice though very theoretical outlook as to what it might mean for 2025-2035 prices: No Cookies | The Advertiser
This house in croydon just sold for 1.017m
44 Robert Street, Croydon, SA 5008
Nice house. maybe auctions do work in Adelaide? Was there a bidding war?
If it’s a character home and inner city it’s generally an auction sale.
There were multiple bidders and well over 100 people there.
Wow, Croydon must have changed since I left SA! Gorgeous property, someone did a great job on that renovation.
Yes, an excellent clean lined period house. Buyer got good value there.
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