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.
