Rising inflation and increase in cash rates has not slowed down Adelaide’s buoyant property market with a new report revealing 123 suburbs that are now considered as ‘rising’ markets.
The winter edition of Hotspotting’s Price Predictor Index report analysed sales data across Adelaide’s metropolitan area to determine where property prices are likely to rise or remain consistent.
Prior to 2021, the report noted, the average number of rising suburbs in Adelaide in the quarterly reports was 55, so the current market was more than double the city’s average performance.
According to the report, 68 per cent of Adelaide’s suburbs have also recorded median house prices rise more than 5 per cent in the recent quarter.
Report author and Hotspotting founder Terry Ryder said Adelaide remains a nation-leading growth market, both in terms of sales activity and price performance.
“Australian investors and buyers have discovered Adelaide at long last,” Mr Ryder said.
“It’s a great lifestyle city and it is particularly affordable for buyers coming out of Sydney and Melbourne.
“I think price growth is far from peaking in Adelaide. A strong economy is going to pump it further.”
The report has listed nine municipalities with seven or more rising suburbs, led by Onkaparinga (14 rising suburbs), Port Adelaide Enfield (12), Tea Tree Gully (12), Playford (12) and Salisbury (11).
The suburbs in Adelaide’s far south include suburbs like Aberfoyle Park, Aldinga Beach, Christies Downs, Christies Beach, Coromandel Valley, Flagstaff Hill, Hackham, Happy Valley, McLaren Vale, Morphett Vale and Noarlunga Downs.
Timms Real Estate agent Jason Mills who specialises in the Onkaparinga area said inquiries for properties were “overhwleming” especially from interstate buyers.
“Of the total inquiries, nearly two-thirds are from interstate investors which is increasing competition in the local market,” Mr Mills said.
“Suburbs like Morphett Vale, Christies Beach and O’Sullivan Beach have not only recorded elevated sales activity but price growth as well.
“Traditionally slower markets like Morphett Vale, for example, has seen price growth beyond our expectations.”
Proximity to the coast and affordable pricing are also attracting buyers to the southern LGA, especially those priced out of other Adelaide suburbs.
Single mum Michelle Molloy, who has two teenage children, had been looking for a family home for a while.
“I had shifted to my mother’s home in Port Noarlunga and really liked the area. I was looking at neighbouring suburbs, so when this home came up in Christies Beach, I jumped at the opportunity,” Ms Molloy said.
The report also noted that across regional SA, most of the towns in the LGAs of Victor Harbor and Alexandrina, south of Adelaide, were rising markets.
ADELAIDE’S RISING SUBURBS
(Suburb, LGA, property type, median price)
Aberfoyle Park, Onkaparinga, House, $540,000
Adelaide, Adelaide, House, $750,000
Adelaide, Adelaide, Unit, $420,000
Aldinga Beach, Onkaparinga, House, $460,000
Aldinga Beach, Onkaparinga, Unit, $360,000
Andrews Farm, Playford, House, $330,000
Ascot Park, Marion, House, $555,000
Athelstone, Campbelltown, House, $650,000
Beaumont, Burnside, House, $1,480,000
Beulah Park, Burnside, House, $1,200,000
Birkenhead, Port Adelaide Enfield, House, $550,000
Blackwood, Mitcham, House, $715,000
Blakeview, Playford, House, $385,000
Brahma Lodge, Salisbury, House, $350,000
Brighton, Holdfast Bay, House, $1,125,000
Brighton, Holdfast Bay, Unit, $500,000
Brompton, Charles Sturt, Unit, $460,000
Brooklyn Park, West Torrens, House, $685,000
Burnside, Burnside, House, $1,225,000
Camden Park, West Torrens, House, $715,000
Camden Park, West Torrens, Unit, $275,000
Christie Downs, Onkaparinga, House, $365,000
Christies Beach, Onkaparinga, House, $450,000
Clarence Park, Unley, House, $965,000
Clarence Park, Unley, Unit, $385,000
Clearview, Port Adelaide Enfield, House, $515,000
Colonel Light Gardens, Mitcham, House, $1,040,000
Craigmore, Playford, House, $350,000
Davoren Park, Playford, House, $230,000
Dover Gardens, Marion, House, $585,000
Eden Hills, Mitcham, House, $720,000
Edwardstown, Marion, House, $610,000
Elizabeth Downs, Playford, House, $245,000
Elizabeth East, Playford, House, $285,000
Elizabeth Grove, Playford, House, $235,000
Elizabeth North, Playford, House, $210,000
Elizabeth Park, Playford, House, $265,000
Elizabeth Vale, Playford, House, $300,000
Evanston Park, Gawler, House, $410,000
Fairview Park, Tea Tree Gully, House, $510,000
Ferryden Park, Port Adelaide, Enfield, House, $550,000
Flagstaff Hill, Onkaparinga, House, $655,000
Fulham, West Torrens, House, $875,000
Fulham Gardens, Charles Sturt, House, $875,000
Fulham Gardens, Charles Sturt, Unit, $420,000
Gawler South, Gawler, House, $365,000
Gilles Plains, Tea Tree Gully, House, $500,000
Glenalta, Mitcham, House, $730,000
Glenelg, Holdfast Bay, Unit, $525,000
Glenelg East, Holdfast Bay, House, $1,100,000
Glenelg North, Holdfast Bay, House, $880,000
Glenelg North, Holdfast Bay, Unit, $410,000
Glenelg South, Holdfast Bay, Unit, $420,000
Glenunga, Burnside, House, $1,400,000
Golden Grove, Tea Tree Gully, House, $615,000
Goodwood, Unley, House, $1,320,000
Grange, Charles Sturt, House, $950,000
Greenwith, Tea Tree Gully, House, $535,000
Hackham, Onkaparinga, House, $390,000
Hahndorf, Mount Barker, House, $750,000
Hallett Cove, Marion, House, $625,000
Happy Valley, Onkaparinga, House, $520,000
Hectorville, Campbelltown, House, $655,000
Henley Beach, Charles Sturt, House, $1,210,000
Henley Beach, Charles Sturt, Unit, $525,000
Highbury, Tea Tree Gully, House, $615,000
Holden Hill, Tea Tree Gully, House, $510,000
Hope Valley, Tea Tree Gully, House, $510,000
Kensington Gardens, Burnside, House, $1,210,000
Kensington Park, Burnside, House, $1,110,000
Kilburn, Port Adelaide Enfield, House, $500,000
Klemzig, Port Adelaide Enfield, House, $650,000
Kurralta Park, West Torrens, House, $660,000
Kurralta Park, West Torrens, Unit, $330,000
Largs North, Port Adelaide Enfield, House, $585,000
Lightsview, Port Adelide Enfield, House, $550,000
Linden Park, Burnside, House, $1,355,000
Littlehampton, Mount Barker, House, $570,000
Magill, Campbelltown, House, $860,000
Malvern, Unley, House, $2,000,000
Mansfield Park, Port Adelaide Enfield, House, $480,000
Mawson Lakes, Salisbury, House, $530,000
Mawson Lakes, Salisbury, Unit, $320,000
McLaren Vale, Onkaparinga, House, $605,000
Mile End, West Torrens, House, $780,000
Modbury Heights, Tea Tree Gully, House, $525,000
Modbury North, Tea Tree Gully, House, $510,000
Morphett Vale, Onkaparinga, House, $410,000
Munno Para, Playford, House, $315,000
Munno Para West, Playford, House, $335,000
Noarlunga Downs, Onkaparinga, House, $415,000
North Adelaide, Adelaide, House, $1,170,000
North Adelaide, Adelaide, Unit, $455,000
North Haven, Port Adelaide Enfield, House, $610,000
Norwood, Norwood Payneham, House, $1,185,000
Norwood, Norwood Payneham, Unit, $615,000
O’Halloran Hill, Marion, House, $470,000
Para Hills, Salisbury, House, $405,000
Parafield Gardens, Salisbury, House, $440,000
Paralowie, Salisbury, House, $390,000
Plympton, West Torrens, House, $660,000
Plympton, West Torrens, Unit, $320,000
Pooraka, Salisbury, House, $455,000
Prospect, Prospect, House, $850,000
Prospect, Prospect, Unit, $395,000
Redwood Park, Tea Tree Gully, House, $505,000
Richmond, West Torrens, House, $630,000
Ridgehaven, Tea Tree Gully, House, $500,000
Rostrevor, Campbelltown, House, $790,000
Royal Park, Port Adelaide Enfield, House, $530,000
Salisbury, Salisbury, House, $380,000
Salisbury Downs, Salisbury, House, $400,000
Salisbury East, Salisbury, House, $410,000
Salisbury North, Salisbury, House, $310,000
Seaford, Onkaparinga, House, $495,000
Seaford Meadows, Onkaparinga, House, $480,000
Seaton, Charles Sturt, House, $620,000
Seaton, Charles Sturt, Unit, $350,000
Sellicks Beach, Onkaparinga, House, $510,000
Semaphore Park, Charles Sturt, House, $675,000
Sheidow Park, Marion, House, $575,000
Somerton Park, Holdfast Bay, House, $995,000
South Brighton, Holdfast Bay, House, $760,000
South Plympton, Marion, House, $665,000
St Clair, Charles Sturt, House, $620,000
St Clair, Charles Sturt, Unit, $400,000
Stirling, Adelaide Hills, House, $1,000,000
Taperoo, Port Adelaide Enfield, House, $420,000
Toorak Gardens, Burnside, House, $1,580,000
Tranmere, Campbelltown, House, $755,000
Trott Park, Marion, House, $530,000
Valley View, Salisbury, House, $520,000
Warradale, Marion, House, $685,000
West Beach, Charles Sturt, House, $1,055,000
West Beach, Charles Sturt, Unit, $325,000
Willaston, Gawler, House, $360,000
Windsor Gardens, Port Adelaide Enfield, House, $585,000
Woodcroft, Onkaparinga, House, $540,000
Woodville North, Charles Sturt, House, $515,000
Wynn Vale, Tea Tree Gully, House, $540,000
(Source: Hotspotting Price Predictor Index Winter 2022)