Quarterly median house prices for metropolitan Adelaide by suburb

Australia’s real house price index increased to ***** in the first quarter of 2025. House prices fluctuated over the reported period compared to the base year of 2015, experiencing a sharp increase throughout 2021, with the country’s house price index peaking in the first quarter of 2022 at *****. Prospective homeowners priced out of the market Recent house price increases reflect the ongoing challenges of housing affordability in Australia. Property prices largely outpace income growth, reigniting discussions about whether the country is stuck in a property bubble, a topic that has been debated for over a decade. The country’s house price-to-income ratio hit ***** in the second quarter of 2024, the highest ratio recorded over the past five years, making it increasingly difficult to get on the property ladder. Unaffordable rental conditions Australia’s rental market has also seen challenges, with the rent price index continuing to climb throughout 2024 into the first quarter of 2025, making the prospect of renting less appealing. As of March 2025, the average weekly house rent price in Sydney stood at *** Australian dollars, the highest across the country’s major cities. Canberra, Darwin, and Perth were the next most expensive markets for house rents, while Hobart was the most affordable capital city for both house and unit rent prices.

In the third quarter of 2023, the median price of residential property transfers for established housing in Adelaide came to around *** thousand Australian dollars. This marked the highest median price of established housing transfers in Adelaide within the given time period.

Moulden in Greater Darwin, Northern Territory was the most affordable capital city housing suburb in Australia as of November 2024, with a median property value of around ******* Australian dollars. The Gray suburb, also in Greater Darwin, was the second-most affordable capital city housing suburb.

The Department for Housing and Urban Development releases quarterly total sales and median sales prices for residential properties in Adelaide and its metro region. I have compiled all available releases since 2015 into one file and processed the table. I will try to update every release.

Please note that some suburbs are overlapped by multiple cities.

I used Python libraries openpyxl and pandas to read the xlsx files and merge them as a dataframe for better processing. Then cleaned it and concatenated into one file.

In 2024, Sydney had the highest price per square meter of land across major cities in Australia. Lot buyers expected to pay a premium of ***** Australian dollars per square meter in the capital of New South Wales. Conversely, lot buyers in Adelaide expected to spend around *** Australian dollars per square meter of land. Prices through the roof Over the past decade, the surge in land and housing costs has been attributed to rapid population growth, driving up median prices for property and land, particularly in cities. In Sydney, the per square meter price of land has almost tripled since 2010, while the number of new property listings has declined over the years. A shortage of residential land available to build on has exacerbated the housing affordability crisis in Australia. Will lending rates continue to climb? The homeownership dream is out of reach for the average Australian without a housing loan. Nevertheless, Australia's high mortgage interest rates for both owner-occupiers and investors have impacted current and aspiring mortgage holders, with the value of household lending trending downwards over the past two years. While rates remained high in the first half of 2024, they likely reached their peak, as shown by the gradual plateau in the second half of the year. This stabilization should, in turn, accelerate buying, selling, and lending activities.

In 2024, *** square meter of greenfield land cost an average of *** Australian dollars in Adelaide, Australia. This marked an increase in green land cost per square meter compared to the previous year.