Feb 6, 2021
Adelaide is consistent with its sales activity and it
delivers steady price growth. It recorded growth in its house
prices in 11 of the 12 months of 2020 and overall had a 6% increase
in the city’s median price.
The results of our latest quarterly survey of sales volumes in Adelaide are almost identical to those of the past three years. We have identified 62 suburbs with rising sales activity, similar to most of the past 10 surveys.
And, once again, the data shows that this consistent performance is occurring right across the Adelaide metropolitan area. There are 10 municipalities with at least three suburbs with rising sales momentum.
Affordable locations are the market leaders, boosted by the strong activity of first-home buyers.
Our analysis of the price data for individual suburbs
shows that two-thirds of Adelaide locations recorded growth in the
past 12 months.
And a highest percentage, 70%, had house price growth in the most recent quarter.
Suburbs recording above average growth in the past year are scattered across the Adelaide metropolitan area, covering a range of price points.
We’ve just published our new 2021 edition of the Top 5
Adelaide Hotspots report.
It’s a good report to read in the current climate because Adelaide is well-placed to provide consistent growth this year.
Find out the best areas for growth in our latest Top 5 Adelaide Hotspots 2021 report.