South Australia’s best property markets for buyers revealed

Househunters getting fed up with continuously missing out on properties should consider looking in these locations, according to a new report.

The South Australian locations with the highest and lowest percentage of stock listed for sale in 2020 have been revealed.

Househunters struggling to snap up a property in Adelaide’s fiercely competitive market might have better luck in South Australia’s regions, a new report reveals.

While the proportion of properties advertised for sale across the state dipped to its lowest level in a decade last year, the Aussie Buyers’ Opportunity Report shows there were more options in regional areas.

According to the study, which was undertaken in partnership with CoreLogic, many regional areas had a higher percentage of properties for sale compared to metropolitan suburbs.

Coffin Bay on the Lower Eyre Peninsula had the highest percentage of stock on the market at 14.1 per cent.

Coffin Bay on the Lower Eyre Peninsula had the highest percentage of stock on the market last year. Pic: realestate.com.au

Moonta Bay (11.8 per cent), Hindmarsh Island (10.3 per cent), Kingston SE (10 per cent) and Streaky Bay (9.9 per cent) rounded out the top five.

The metropolitan suburbs with the highest percentage of housing stock for sale were Lightsview and Evanston Gardens, both at 8.8 per cent, followed by Hewett, Munno Para West and Torrens Park.

Aussie chief executive James Symond said as many people flocked to regional areas in the wake of COVID-19, rural SA homeowners were taking advantage of the unusually high demand and putting their properties on the market.

“People in regional areas can’t take that opportunity as regularly as people in Adelaide,” he said.

“Those regional areas have been starved of buyers for a very long time.

“But regional areas certainly have become more in vogue because of the year we’ve had.”

Kemp Real Estate agent Georgie Kemp said Coffin Bay’s market was so strong because more people were searching for a lifestyle change or holiday homes.

“With a lot of regional travel we’re finding the market quite strong,” she said.

“That’s what’s driving the market at the moment.”

Ms Kemp said while many homeowners were taking the opportunity to sell, there were still fewer properties on the market now than there had been in previous years.

The Croydon property at 44 Robert Street sold for $1.017 million earlier this month. Only one other property has sold in the suburb so far this year, according to realestate.com.au. Pic: realestate.com.au

Meanwhile, Ray White Woodville principal Peter Kiritsis wasn’t surprised Croydon had the lowest percentage of stock on the market last year.

“Croydon is a very, very popular city fringe suburb,” he said.

“It’s a small suburb and it’s very tightly held because of the amenities it has.”

The report showed the proportion of housing stock available for sale across Adelaide and regional SA throughout 2020 fell to their lowest levels in 10 years – 4.5 per cent and 6.7 per cent respectively.

Despite this, the number of sales was estimated to be 9 per cent higher across Adelaide and 29.9 per cent higher in regional SA compared to 2019.

REGIONAL SA

Top 10 buyers’ markets

Suburbs ranked by highest % of stock listed for sale in 2020 (excludes suburbs with fewer than 500 dwellings)

(Suburb, council region, percentage of housing stock on the market 2020, # listings Dec 2020,

# listings Dec 2019, median value)

Coffin Bay, Lower Eyre Peninsula – 14.1 per cent, 42, 55, $327,436

Moonta Bay, Copper Coast – 11.8 per cent, 79, 99, $281,149

Hindmarsh Island, Alexandrina – 10.3 per cent, 22, 44, $458,994

Kingston SE, Kingston – 10 per cent, 37, 41, $260,211

Streaky Bay, Streaky Bay – 9.9 per cent, 26, 34, $202,178

North Beach, Copper Coast – 9.8 per cent, 22, 30, $347,198

Tumby Bay, Tumby Bay – 9.8 per cent, 50, 57, $247,754

Port Hughes, Copper Coast – 9.6 per cent, 19, 24, $336,533

Maitland, Yorke Peninsula – 9.5 per cent, 28, 33, $221,467

Coober Pedy, Coober Pedy – 9.3 per cent, 62, 71, $76,346

Top 10 sellers’ markets

Suburbs ranked by lowest % of stock listed for sale in 2020 (excludes suburbs with fewer than 500 dwellings)

(Suburb, council region, percentage of housing stock on the market 2020, # listings Dec 2020,

# listings Dec 2019, median value)

Angaston, Angaston – 3.8 per cent, 8, 16, $328,685

Port Elliot, Port Elliot – 4.6 per cent, 7, 29, $476,530

Goolwa Beach, Goolwa Beach – 4.7 per cent, 10, 21, $387,419

Loxton, Loxton – 4.8 per cent, 26, 42, $223,896

Lyndoch, Lyndoch – 5.1 per cent, 11, 16, $396,622

Tanunda, Tanunda – 5.1 per cent, 31, 36, $401,434

Middleton, Middleton – 5.2 per cent, 7, 29, $437,162

Nuriootpa, Nuriootpa – 5.3 per cent, 35, 57, $351,511

Port Macdonnell, Port Macdonnell – 5.3 per cent, 10, 13, $267,577

Williamstown, Williamstown – 5.3 per cent, 7, 20, $400,169

ADELAIDE

Top 10 buyers’ markets

Suburbs ranked by highest % of stock listed for sale in 2020 (excludes suburbs with fewer than 500 dwellings)

(Suburb, council region, percentage of housing stock on the market 2020, # listings Dec 2020,

# listings Dec 2019, median value)

Lightsview, Port Adelaide Enfield – 8.8 per cent, 55, 72, $463,441

Evanston Gardens, Gawler – 8.8 per cent, 21, 24, $328,120

Hewett, Gawler – 8 per cent, 15, 23, $471,868

Munno Para West, Playford – 7.6 per cent, 39, 71, $312,009

Torrens Park, Mitcham – 7.2 per cent, 18, 21, $787,346

Andrews Farm, Playford – 7.2 per cent, 41, 82, $268,717

Munno Para, Playford – 6.8 per cent, 28, 44, $265,681

Mitcham, Mitcham – 6.7 per cent, 9, 15, $883,790

Kurralta Park, West Torrens – 6.6 per cent, 23, 35, $446,202

Mawson Lakes, Salisbury – 6.6 per cent, 107, 128, $456,733

Top 10 sellers’ markets

Suburbs ranked by lowest % of stock listed for sale in 2020 (excludes suburbs with fewer than 500 dwellings)

(Suburb, council region, percentage of housing stock on the market 2020, # listings Dec 2020,

# listings Dec 2019, median value)

Croydon, Charles Sturt – 1.4 per cent, 0, 2, $613,777

Thebarton, West Torrens – 1.7 per cent, 3, 5, $608,782

Woodville Gardens, Port Adelaide Enfield – 2.1 per cent, 5, 4, $425,245

Royston Park, Norwood Payneham St Peters – 2.2 per cent, 0, 5, $981,410

Colonel Light Gardens, Mitcham – 2.4 per cent, 3, 10, $748,216

Banksia Park, Tea Tree Gully – 2.5 per cent, 5, 17, $453,360

St Morris, Burnside – 2.5 per cent, 4, 2, $717,959

Netley, West Torrens – 2.6 per cent, 2, 3, $562,374

Wynn Vale, Tea Tree Gully – 2.7 per cent, 18, 20, $477,573

Croydon Park, Charles Sturt – 2.8 per cent, 14, 11, $500,551

(Source: Aussie Buyers’ Opportunity Report 2021)