Every SA suburb mapped: Find out how much homes in your suburb earned last year

One SA suburb’s median house value increased by more than $1600 per day over the past year. Find out how your suburb did in our searchable interactive.

The median value of homes in six Adelaide suburbs grew more than $1000 a day in the past 12 months and the price of most homes in the metropolitan area is rising faster than the average wage.

According to the latest Valuer-General’s report, of the 159 suburbs to have recorded at least 10 sales in both 2021 and 2022’s December quarter, 118 increased by more than the average South Australian’s wage.

The current average wage in South Australia is $75,877. Over 365 days, this represents a daily earning of $207.88.

Of suburbs to have recorded at least 10 sales for 2021’s December quarter and the same quarter in 2020, six experienced median value growths of more than $1000 a day.

Burnside homes made the most money last year. The eastern suburb’s median value increased by $598,000 from $924,000 to $1.522m.

This represents a value growth, for a median-priced home, of $1638 a day.

Malvern homes were not too far behind Burnside. Its $1.9m median priced homes – up $555,000 from the $1.345m recorded this time last year – earned $1520 a day.

Beaumont, Somerton Park, Aldgate and Henley Beach also all experienced median value gains of more than $1000 a day.

Real Estate Institute of South Australia chief executive Barry Money said the results were great for homeowners and investors but gave little hope to first-homebuyers.

“If you’re a homeowner and looking to sell so you can complement your superannuation when you retire, it’s a great nest egg you’re sitting on,” Mr Money said.

“However, wage growth is not increasing at the same rate as the inflation of these types of assets, which puts first-time buyers on the back foot.”

Michelle and Daniel Schell pictured at their 4 Shanks Rd, Aldgate home which is on the market. Picture: Tricia Watkinson

Michelle and Daniel Schell are selling their 4 Shanks Rd, Aldgate property through Harris Real Estate’s Taylor Bishop after calling the suburb home for the past eight years.

“We thought it was expensive when we first moved up here but it’s continued to rise and I think the reason is just the continued investment in facilities up here,” Ms Schell said.

“You’ve really got the best of both worlds up there because you’re just 20 minutes to the city but, in Aldgate specifically, you have the village and with Mount Barker having such fantastic amenities, you hardly need to go to the city.”

Mr Bishop said he was staggered by some of the prices being obtained in the Hills, saying buyers were prepared to pay a premium on lifestyle properties.

“From a homeowner’s point of view, as one suburb sees great value growth that tends to flow out to the neighbouring suburbs,” Mr Bishop said.

“Bridgewater used to be a first-homebuyer market, now homes there are trending up towards $1m.”