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Adelaide, SA 5000 Review

Overview

Bed Price Avg. Days on Market Sold this Year
2 $540k 98 51
3 $673k 98 45
Bed Price Avg. Days on Market Sold this Year
1 $322k 230 52
2 $431k 174 134
3 $635k 177 30
Average days on market for NSW suburb is 102 days

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Joshua

Joshua

Adelaide
Adelaide is renowned for its steady rental market but the scales are tipping when it comes to prices, with some suburbs seeing rents jump as high as others have seen them plunge in the past year. New data from realestate.com.au reveals the suburbs with the largest increases and decreases in rent for houses over the past 12 months. Tusmore in the city’s east recorded the highest increase with its median weekly rent climbing 28.3 per cent to $590, which was based on 10 houses listed for rent in the period. Its neighbour Hazelwood Park came in close second with a 26 per cent increase to a median of $630 each week, followed by Marryatville with 23.2 per cent growth to $468 per week. At the other end of the scale, Unley Park experienced the largest decline at 20.1 per cent to a median weekly rent of $563, based on 12 houses listed for rent throughout the year. Hyde Park (18.8 per cent to a median of $483 a week) and College Park (18.4 per cent to a median of $518 a week) rounded out the top three. TOP 10 SUBURBS WITH LARGEST INCREASES (Suburb, median weekly rent (12 months), no. of rental listing (12 months), year-on-year weekly rent change) Tusmore – $590, 10, 28.3 per cent Hazelwood Park – $630, 14, 26 per cent Marryatville – $468, 10, 23.2 per cent Maylands – $540, 18, 20 per cent Royston Park – $540, 13, 20 per cent Myrtle Bank – $595, 29, 17.1 per cent Coromandel Valley -$473, 30, 16.8 per cent Tennyson – $650, 17, 16.5 per cent Malvern – $650, 35, 16.1 per cent Bellevue Heights – $480, 34, 15.7 per cent TOP 10 SUBURBS WITH LARGEST DECREASES (Suburb, median weekly rent (12 months), no. of rental listing (12 months), year-on-year weekly rent change) Unley Park – $563, 12, down 20.1 per cent Hyde Park – $483, 41, down 18.8 per cent College Park – $518, 10, down 18.4 per cent Medindie – $660, 17, down 17.5 per cent Wayville – $468, 20, down 14.1 per cent Aldgate – $500, 29, down 13.0 per cent Cheltenham – $350, 19, down 7.9 per cent Park Holme – $400, 59, down 7.0 per cent Netherby – $610, 22, down 6.9 per cent Walkerville – $590, 27, down 6.8 per cent Read more:x The top 10 South Australian suburbs where rents ar... Are you a renter or an investor? New data has revealed the suburbs where prices have jumped or fallen across Adelaide. Will you be jumping for joy or tightening your purse strings? See the full list h... www.realestate.com.au
0 Reply 102 Views 4Mo ago
Steve

Steve

Adelaide
House values lifted in every capital city throughout January with four reaching record new highs. According to CoreLogic’s February market report, Hobart, Brisbane, Canberra and Adelaide recorded peak home values in the first month of the year. Hobart Hobart recorded the highest annual change in dwelling values, up 5 per cent in the twelve months to January. The rate of return on investment is now at 10.5 per cent, with a median house value of $481,665. The southern city also has the tightest rental market in the country, with rental rates rising 5.8 per cent over the past twelve months. Brisbane Brisbane property values rose by 0.5 per cent in January and 2 per cent over the quarter. Annually, values have increased by 1.1 per cent. Canberra Canberra followed Hobart in terms of an annual change in property values, rising 3.1 per cent in the twelve months to January. The median property value is now at $630,078. According to the Housing Boom and Bust Report released by SQM Research, Canberra is forecast to offer consistent improvement and remain in healthy positive territory in 2020. Adelaide Adelaide property values lifted by 0.2 per cent in January, with a median property value of $437,411. The city is expected to see market conditions continue to improve due to rising population fuelling housing demand and a relatively healthy housing affordability in comparison to other capital cities. Other cities While Sydney and Melbourne continue to lead the market rebound, they need to lift a further 5.4 per cent and 1.2 per cent respectively before posting a full nominal recovery. It’s expected that Perth and Darwin will take much longer to recover after experiencing a slump of more than eighteen months. Perth has started to show signs of recovery however will need to recover a further 21.3 per cent to surpass its 2014 peak. Darwin, on the other hand, remains 31.8 per cent below peak. Source:x Four capital cities reach record high home values Property values lifted in every capital city throughout January with four capital cities reaching record new highs, according to CoreLogic’s latest report. homesales.com.au
0 Reply 104 Views 5Mo ago
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