SA Adelaide Market 2024

340k.

 

last time i checked 1 into 2 wasnt worth it in/around adelaide

 

thx, last time demo was 10k, other costs havent changed that much
can you send thru your surveyor, I do have one from last time but always good to get a 2nd opinion.

 

Median house prices in Brisbane and Adelaide to hit $1m by December


“Their home values are still rising solidly and have edged closer to a million dollars, so it won’t take much growth for them to pass that mark.

“Adelaide house prices will only need to increase by 10.8 per cent this year to hit the $1 million median

Housing affordability: Median house prices in Brisbane and Adelaide to hit $1m by December

 

Adelaide median hits $900,000

Adelaide highest growth nationally for march Qtr, 3.4%.

https://www.domain.com.au/research/house-price-report/march-2024/#adelaide

 

PropTrack Economist, Anne Flaherty says that is because market conditions during the pandemic triggered a “once-in-a-generation boom”, driven primarily by very low borrowing costs and lifestyle changes.

“The level at which property prices rose in 2021 in particular was the fastest episode of price growth seen in over 30 years,” she says.

Adelaide suburbs dominate the list of top price growth locations with prices in Elizabeth North up by 151%, Davoren Park, up 142% and Smithfield Plains up 132%.

In Western Australia, Camillo prices rose by 114% and Armadale by 105%, while in Queensland house prices in Mount Coolum on the Sunshine Coast are up by 113% and on the Gold Coast, Hope Island is up by 103%.

According to the article - Most of the Low Socio and affordable suburbs have increased. I guess Armadale in WA would draw parallels to Elizabeth in Adl.

 

once in a generation is correct.

 

Adelaide continues to close the median gap on Melbourne, within 35k!