What’s your home worth: Every SA suburb’s median property price revealed

Surging property values pushed a dozen new Adelaide suburbs’ median house prices above $1m last year, while two hit the $2m mark. Search your suburb to see what your home is worth.

Adelaide’s million-dollar club has welcomed a dozen new suburbs over the past year, with surging home values pushing another two into the exclusive $2m circle.

Seacliff, Glenelg North, Glengowrie, Clarence Gardens and North Brighton were among the 12 that cracked the seven-figure median house price threshold as of December compared to the same time last year, latest PropTrack data reveals.

Meanwhile, Malvern and St Peters’ median house prices surpassed $2m, joining Toorak Gardens – which was the only suburb with a $2m median in December 2022.

The city now has 64 suburbs with median house prices above $1m and three with medians above $2m.

No suburb’s median dropped below $2m and $1m.

PropTrack senior economist Paul Ryan said the majority of Adelaide’s suburbs recorded strong growth in 2023 yet the city was still considered more affordable than other capitals.

“That’s one of the key appeals of Adelaide,” he said.

“The results here show how strong price points have been in Adelaide – just two suburbs have had price falls over the past year.”

Mr Ryan said prices would likely continue to rise over the next year, but not at such a rapid rate.

“We have seen price growth start to slow,” he said.

“We’re not expecting prices to grow at the same rate over the next year.”

The St Peters property at 1A Westminster St sold for $3.475m in October 2023. Picture: realestate.com.au

The Hove property at 40 Illawarra Ave sold for $1.645m in November 2023. Picture: realestate.com.au

Adelaide’s northern suburbs recorded the strongest growth over the past year, with Elizabeth North’s median house price climbing 28.24 per cent to $373,630.

Elizabeth South followed, rising 26.37 per cent to $402,547, then Davoren Park (25.99 per cent), Elizabeth Downs (25.25 per cent) and Smithfield Plains (24.87 per cent).

Edge Realty director Mike Lao said the northern suburbs were becoming more popular as prices remained affordable and many newer homes replaced older ones.

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“I think we’ve been undervalued for so long and now it’s catching up and correcting itself,” Mr Lao said.

“Prices in all those areas are still going to keep climbing.”

Mr Lao said increasing rents and a lack of rental properties were also driving people to buy in the northern suburbs.

“If they can afford to buy a home, they’re going to choose to buy over renting,” he said.

Naresh and Nidhi Gupta moved into their new Smithfield Plains homes in late November.

Naresh and Nidhi Gupta at their new Smithfield Plains home. Picture: Russell Millard Photography.

Mr Gupta said it was a great place to live because essential amenities, including shopping centres and medical centres, were easily accessible and they were able to find a new house.

They were also able to access the state government’s first home owner grant and didn’t need to pay stamp duty as the property was under $650,000.

Mr Gupta said they had already noticed prices for homes around them going up.

“We’re very excited to see the property prices rising around us,” he said.

“At the moment we do plan to live here for a long period, we don’t think we’ll be selling it very soon, but you never know.”

The data is based on PropTrack’s automated valuation model, which estimates a property’s value by analysing a range of data points, including sales history.