Terry Ryder’s Price Predictor Index report highlights SA’s booming suburbs
A new property report predicts the SA suburbs set for a price boom over the coming year. Did yours make the list?
Bearing testament to the state’s booming property market, almost one in five of the Australian suburbs identified as “supercharged” in a respected property report come from South Australia.
Of the 100 supercharged Australian suburbs identified in Terry Ryder’s price predictor index report, 19 can be found in SA, with suburbs obtaining the elite classification by not recording a decline in sales volume patterns over at least four consecutive quarters.
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Of the 198 SA suburbs featured in the report, 127 were deemed to be rising – having predominantly increasing sales over previous successive quarters – while 45 were deemed to have plateaued and the other 26 were deemed to have been performing consistently.
Mr Ryder said analysing sales volumes was a good predictor of future value growth.
“The property industry measures market movements by median price changes – but this is a flawed tool for depicting real estate fortunes,” Mr Ryder said.
“Changes in sales volumes are far more relevant and useful – medians record the recent past for prices, while sales volumes predict the future.”
Both Adelaide and regional SA were identified in the report as “winners”.
“This is the strongest Adelaide market we have recorded in the seven years of our quarterly surveys, with growth across most sectors,” Mr Ryder said.
“South Australia outside Adelaide seldom gets attention, but affordable locations like Whyalla and Murray Bridge have rising markets.”
Among those suburbs identified as supercharged was Dover Gardens, in the Marion council, which has a median of $640,000.
Refrigeration worker Aidan Silverman, 39, and his family have lived in the suburb for the past three years and he said he could see why it was a popular target for househunters.
“It’s close to the shops and beach, it’s home to nice people and is a safe neighbourhood,” he said.
“At one stage when I looked, prices were increasing by 18 per cent year-on-year – it’s seen significant growth since Covid.”
Henley Beach was also recognised as a supercharged market, recording 26, 29, 32, 43, 52, 45, 56, and 61 sales over the past eight consecutive quarters.
Ouwens Casserly Real Estate agent Linda Van Hooff, who specialises in selling Henley Beach homes, said people were drawn to the coastal suburb for its amenities and seaside lifestyle, particularly since the pandemic.
SA’s Supercharged suburbs*
Location, Dwelling Type, Median $
Adelaide Units $420,000
Blakeview Houses $390,000
Christies Beach Houses $490,000
Craigmore Houses $370,000
Dover Gardens Houses $640,000
Henley Beach Houses $1.25m
Units $520,000
Ingle Farm Houses $470,000
Kurralta Park Houses $670,000
Lightsview Houses $550,000
Units $385,000
Magill Houses $885,000
Mawson Lakes Houses $575,000
Munno Para Houses $330,000
Munno Para West Houses $350,000
Parafield Gardens Houses $455,000
Port Augusta Houses $170,000
Salisbury East Houses $440,000
Seaford Meadows Houses $500,000
St Clair Houses $775,000
Units $415,000
Whyalla Houses $280,000
* According to Terry Ryder’s Price Predictor Report.
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Originally published as Terry Ryder’s Price Predictor Index report highlights SA’s booming suburbs