South Australian real estate data for the past 20 years | Search your suburb in Adelaide
We’ve pulled together two decades of real estate data to reveal how house prices have changed in every suburb and township around Adelaide – some have risen nearly 500 per cent. EXPLORE THE LIST
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You don’t need a crystal ball to predict your suburb’s future – not when you have 20 years of house price data at your disposal.
The Advertiser has analysed the second quarter Valuer-General’s data for 482 SA suburbs and towns for the past 20 years to find the state’s strongest performers.
Of suburbs to have recorded at least 10 sales for both this year’s second quarter and the same quarter in 2000, Alberton experienced the greatest value growth – up 471.61 per cent. It’s median value is currently $674,500 – a far cry from its $118,000 median value in 2000.
Norwood scored the second highest value growth over the same period – up 434.54 per cent from $280,000 to $1.4967 million.
Greenacres, Windsor Gardens and Northfield rounded out the top five, with all recording value growths of more that 400 per cent.
34 suburbs experienced value growths of 300 per cent or more, while 109 increased by 200 per cent or more. To put this into context, statewide, values rose 237 per cent over the 20 years, while metro houses increased by 241 per cent.
Real Estate Institute of South Australia chairman Brett Roenfeldt said having access to 20 years worth of house price data was a valuable househunting tool.
“Property is a long-term investment and it is going to go up and down, but it shows that markets recover and if you are going to hang on to a property for a 10-year or 20-year period you’re going to find a significant price lift when you sell,” he said.
“The upside in our market is huge and we still represent really good buying in the long-term, despite the fact that values have increased over the past 20 years.”
Alyssa and Daniel Goodfellow are currently selling their 9a King St, Alberton property after having lived there for almost seven years and say they love the area.
“We love the suburb in general – my husband is a massive Port supporter and we knew the Port area was an up and coming area,” Mrs Goodfellow said.
“Prices have increased so much since we bought here that it’s almost out of our price range now – we’d love to be able to buy in the area again.”
Mrs Goodfellow said she hoped to see some of that value growth reflected in their sale price.
Ray White Port Adelaide real estate agent Nick Psarros said real estate was seen as a safer long-term investment than stocks and shares.
“Real estate doesn't fluctuate like shares which rely on the performance of the company to deliver a good return,” he said.
“We’re seeing a lot of Victoria and Sydney-based investors buying in here because they get a better return for their money than in Melbourne or Sydney.”
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