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What is the median house price in Adelaide?

December 4, 2019 10:00 am by Upside

Adelaide is one of Australia’s most affordable capital cities and boasts a relaxed lifestyle with a thriving arts and culture scene – offering plenty of liveability potential.

If you’re thinking of buying in the area, knowing the average house price in Adelaide is key to getting the best price in a good location. Likewise, if you’re planning to sell your property in Adelaide, it’s important to understand the market so you know how much to ask for.

Average house prices in Adelaide

According to the Domain State of the Market house price report for the quarter leading up to June 2019, the median house price in Adelaide is $540,473, while the median unit price is $310,642.

Adelaide's average house price fell by a moderate 0.1% in the June quarter – only the second time since 2014. Annual house price growth averaged 4% between 2013 and 2018, but slowed to 1.4% over the year to June. Unit prices also fell by a modest 0.2% in the June quarter, but are still up by 0.6% over the year.

Looking forward, it’s expected that average house prices in Adelaide will grow modestly over the next year as a result of increased buyer confidence driven by relaxed lending conditions and low home loan interest rates, among other factors.

Average Adelaide house prices over the past 10 years

Over the past decade, house prices in Adelaide have seen steady growth, despite taking a modest dip between 2011 and 2013. Since 2013, median house prices have risen year on year throughout metropolitan Adelaide.

  • Adelaide median house price 2009: $360,000
  • Adelaide median house price 2010: $410,000
  • Adelaide median house price 2011: $400,000
  • Adelaide median house price 2012: $392,750
  • Adelaide median house price 2013: $398,250
  • Adelaide median house price 2014: $418,000
  • Adelaide median house price 2015: $426,000
  • Adelaide median house price 2016: $446,000
  • Adelaide median house price 2017: $452,000
  • Adelaide median house price 2018: $470,000
  • Adelaide median house price 2019: $478,500

Source: sa.gov.au

Median house prices in regional SA

Further afield, median house prices in the Barossa, outback SA and south east SA regions are significantly lower than metropolitan Adelaide, averaging $300,000, $311,000 and $315,000 respectively. Outback South Australia has seen strongest house price growth over the quarter, increasing by 9.12%.

Region Median Price QoQ YoY
Barossa – Yorke – Mid North $300,000 -3.23% Cell
South Australia – Outback $311,000 $311,000 9.12%
South Australia – South East $315,000 -3.52% 1.61%

Source: Domain Property Group

How do median house prices in Adelaide compare to the rest of Australia?

Looking at Australia’s capital cities, Adelaide is the fourth cheapest city to buy a house, behind Hobart, Darwin and Perth. On average, houses in Adelaide are still significantly cheaper than Sydney and Melbourne.

Capital city median house prices

Median House Price QoQ YoY
Sydney $1,032,338 -0.4% -9.1%
Melbourne $818,237 0.3% -7.7%
Brisbane $559,167 -1.4% -1.8%
Adelaide $540,473 -0.1% 1.4%
Perth $528,186 -2.0% -5.4%
Hobart $474,423 0.7% 3.9%
Canberra $741,947 1.5% -0.1%
Darwin $502,521 -2.3% -2.9%

Source: Domain House Price Report, June Quarter 2019

If you’re looking to sell, get a free online property estimate in 30 seconds, which includes your property’s estimated value, sales history, and comparable properties in your area.

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