SA Adelaide's best growth suburbs under $550K

Out of all of Australia Forcett in Tasmania tops the list with 40.6% growth in the 12 months to January 31 2017 (so this is the latest data!), according to CoreLogic RP Data, while the median house price in that area is now $450,000.

Gulfview Heights in Adelaide came in at number two with year-on-year growth of 38.40% and a median house price of $550,00 while Clyde North in Victoria saw 37.70% in growth for the same period.

The top 10 suburbs for Adelaide were (12 months to January 31st 2017):
Suburb -- Median Price -- YoY Growth -- Distance from City (KM)
Gulfview Heights SA 5096 -- $550,000 -- 38.4% -- 16
Cowandilla SA 5033 -- $500,000 -- 16.7% -- 4
Woodside SA 5244 -- $490,000 -- 15.3% -- 28
Croydon Park SA 5008 -- $442,500 -- 14.9% -- 6
West Richmond SA 5033 -- $455,000 -- 14.5% -- 5
Park Holme SA 5043 -- $483,750 -- 13.8% -- 8
Royal Park SA 5014 -- $390,000 -- 13.4% -- 11
Exeter SA 5019 -- $460,000 -- 13.2% -- 14
Elizabeth Park SA 5113 -- $226,000 -- 13.0% -- 25
Woodville Gardens SA 5012 -- $407,500 -- 13.0% -- 8

 

Go the 'Liz!

 

Gulfview Heights in Adelaide came in at number two with year-on-year growth of 38.40% and a median house price of $550,00

I need some of that magic to rub off on Salisbury East.
$250,000 difference in the median price between two neighboring suburbs!

 

I really like Gulfview Heights, can get some very nice priced properties compared with it's neighbour Wynn Vale.

But also note there are some really nice houses in Gulfview Heights which I suggest would be having some impact on the stats.

41 Bellevue Circuit, Gulfview Heights, SA 5096 - Property Details
15 Glanville Cres, Gulfview Heights, SA 5096 - View Sold History & Research Property Values - realestate.com.au
10 Bellevue Circuit, Gulfview Heights, SA 5096 - Property Details

 

@D.T. how do I get a copy of that report for other states?

 

@D.T. how do I get a copy of that report for other states?

 

A quick Google brought up Best Growth Suburbs Under $550,000

 

thanks D.T. I assumed this was from a report from RP data or something similar.

 

The issue with a lot of suburbs that show high growth in a period are as follows:

Low number of transactions can skew the numbers
A large amount of of development is happening (e.g subdivision), therefore more newer properties sold in that period.

It would be have access to growth numbers for established properties only (e.g those old that 10 years).

 

Indeed new stock coming onto the market can definitely skew the numbers - you see this happening in places like Elizabeth where a new build will be 20-30% above old stock on original blocks, so it can create an artificial price increase when like for like stock is sitting at the same levels.