Quarterly median house prices for metropolitan Adelaide by suburb

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.

Housing Affordability Index: South Australia: Adelaide data was reported at 126.200 Index in Jun 2010. This records a decrease from the previous number of 138.200 Index for Mar 2010. Housing Affordability Index: South Australia: Adelaide data is updated quarterly, averaging 182.084 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 308.743 Index in Sep 1997 and a record low of 113.400 Index in Jun 2008. Housing Affordability Index: South Australia: Adelaide data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195901

In the first half of 2022, median house prices in Australia grew the most in Brisbane, where the average growth rate was around ** percent. On the other hand, Adelaide witnessed a decline in median house price growth during the period, recording a decrease of **** percent.

The house price-to-income ratio in Australia was ***** as of the fourth quarter of 2024. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.

In the fourth quarter of 2024, the house price-to-rent ratio in Australia was estimated at *****, marking a decrease from the same quarter of the previous year. An indicator of how strong the property market is, the house price-to-rent ratio was calculated by dividing nominal house prices by rent price indices. Within the given period, after reaching a peak in the first quarter of 2022, the price-to-rent ratio decreased each quarter until the second quarter of 2023. From then on, the house price-to-rent ratio fluctuated, but largely trended downwards. Is Australia in a property bubble? Many industry experts believe the country is in a property bubble, indicated by the rapid increase in Australian property market prices to the point that they are no longer relative to incomes and rents, followed by a decline. The house price-to-income ratio was on an upward trend between the third quarter of 2022 and the second quarter of 2024. Nonetheless, after hitting its peak, it declined to ***** in the fourth quarter of 2024. Rental property demand In March 2025, the rental vacancy rate, which indicates how many properties are available for rent out of all the rental stock, was relatively high in Melbourne, Canberra, and Sydney. That year, the average weekly rent prices varied across the country depending on the city, with the highest average weekly rents for houses and units in Sydney. Hobart, on the other hand, had the most affordable rental properties across Australia's capital cities.

In 2024, one square meter of greenfield land cost an average of 751 Australian dollars in Adelaide, Australia. This marked an increase in green land cost per square meter compared to the previous year.

Australia Consumer Price Index (CPI): Adelaide: Housing: Utilities data was reported at 144.600 2011-2012=100 in Mar 2025. This records an increase from the previous number of 140.000 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Adelaide: Housing: Utilities data is updated quarterly, averaging 43.000 2011-2012=100 from Sep 1972 (Median) to Mar 2025, with 211 observations. The data reached an all-time high of 155.000 2011-2012=100 in Sep 2023 and a record low of 5.700 2011-2012=100 in Mar 1973. Australia Consumer Price Index (CPI): Adelaide: Housing: Utilities data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Adelaide: Housing: Rents data was reported at 138.300 2011-2012=100 in Mar 2025. This records an increase from the previous number of 136.000 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Adelaide: Housing: Rents data is updated quarterly, averaging 62.900 2011-2012=100 from Sep 1972 (Median) to Mar 2025, with 211 observations. The data reached an all-time high of 138.300 2011-2012=100 in Mar 2025 and a record low of 10.100 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Adelaide: Housing: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Adelaide: Housing: Other data was reported at 157.600 2011-2012=100 in Mar 2025. This records an increase from the previous number of 156.800 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Adelaide: Housing: Other data is updated quarterly, averaging 99.750 2011-2012=100 from Jun 1998 (Median) to Mar 2025, with 108 observations. The data reached an all-time high of 157.600 2011-2012=100 in Mar 2025 and a record low of 56.700 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Adelaide: Housing: Other data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Adelaide: Housing data was reported at 166.000 1989-1990=100 in Jun 2012. This records a decrease from the previous number of 167.400 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Adelaide: Housing data is updated quarterly, averaging 93.050 1989-1990=100 from Sep 1972 (Median) to Jun 2012, with 160 observations. The data reached an all-time high of 167.400 1989-1990=100 in Mar 2012 and a record low of 17.500 1989-1990=100 in Sep 1972. Australia Consumer Price Index (CPI): Adelaide: Housing data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I009: Consumer Price Index: 1989-90=100: Eight Capital Cities.

In the second quarter of 2021, South Adelaide had an average **** percent market yield of industrial property in Australia. The entire state of Sydney had the lowest market yield with an average market yield of **** percent or below in the same quarter.