Top 10 Adelaide suburbs for price growth in 2021
REISA’s research, based on residential property sales data from the valuer-general, shows a year-on-year median price increase for 334 of 368 (over 90 per cent) suburbs in Greater Adelaide.
Speaking of the phenomenal growth, REISA chief executive Barry Money said: “Can you believe that 90 per cent of that 90 per cent – or 302 out of 334 suburbs – have in fact grown in median price in double-digit percentage terms?”
The research also found the December quarter saw a sharp rise in South Australia’s median house price by 16.78 per cent, reaching a new high of $515,000. Similarly, the median price of units and apartments increased by approximately 8 per cent.
For metro Adelaide, Mr Money reported a “17.58 per cent increase in the median house price year-on-year”, with some suburbs recording increases of more than 100 per cent.
Here are the top-performing Adelaide suburbs for price growth in 2021:
|
Suburb |
Median 4Q 2020 |
Median 4Q 2021 |
Year-on-year median change |
|
Springfield |
$1,005,888 |
$ 4,000,000 |
297.66 per cent
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|
|
Woodforde |
$ 496,075 |
$1,650,000 |
232.61 per cent |
|
Oakbank |
$ 410,500 |
$ 970,500 |
136.42 per cent |
|
Sefton Park |
$ 546,000 |
$ 1,285,000 |
135.35 per cent |
|
Unley |
$ 894,000 |
$ 2,100,000 |
134.90 per cent |
|
Glenside |
$ 972,000 |
$ 2,150,000 |
121.19 per cent |
|
St Peters |
$ 1,060,000 |
$ 2,200,000 |
107.55 per cent |
|
Wattle Park |
$ 844,000 |
$ 1,682,500 |
99.35 per cent |
|
South Brighton |
$ 510,000 |
$ 1,012,500 |
98.53 per cent |
|
Stepney |
$ 885,000 |
$ 1,705,000 |
92.66 per cent Tags: More from this writer: |