Market Performance
Adelaide has seen strong growth, with home values rising 14.6% over the past year. The median house price is now $795,000 (Feb 2025).
Price Forecasts
PropTrack predicts a 3-6% increase in home values for South Australia in 2025.
KPMG forecasts a 3.3% rise nationally, with unit prices expected to gain 4.6%.
Some experts anticipate potential home value increases of 8-13% in Adelaide for 2025.
Market Drivers
Several factors are contributing to the positive outlook for South Australia's property market:
Interest Rates: Decline in interest rates, which could boost buyer confidence.
Population Growth: Continued migration fuels housing demand.
Economic Growth: With growth in defense industry and focus on renewable energy sectors, this is helping create a robust job market in return supporting housing demand.
Infrastructure Development: Ongoing Investments in transport, healthcare, and education facilities are enhancing liveability and property values.
Opportunities
Affordability: Adelaide offers relatively affordable housing compared to other major cities.
Regional Areas: Mount Barker, Gawler, and Mount Gambier offer affordable options with expanding infrastructure.
Government Support: First-home buyer grants and stamp duty concession continue to support buyers.
While the market outlook is positive, assess your financial situation and long-term goals before making a decision. The steady growth trajectory and relative affordability of South Australia's property market, particularly in Adelaide, suggest that now could be a favourable time to enter the market for those in a position to do so.
What Banks Look For When Approving Your Home Loan?
Read More
The Secret to Paying Off Your Home Loan Faster
Read More
What Banks Look for When Approving Your Home Loan in Australia?
Read More
How to Improve Your Credit Score for a Better Home Loan Rate in Australia
Read More
Is 2025 the right time to buy a house in South Australia?
Read More
Apr 11, 2025
Ultimate Guide to buying your First Home – 10 steps to follow
Read More
Nov 12, 2024
How Trump's Inauguration Could Impact Australia's Housing Market in 2025!
Read More
