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Adelaide House Prices Buck National Trend to Grow 1.3% in 2018

Updated: Jan 8, 2019

House prices continued to grow in Adelaide throughout 2018 despite the overall property market declining by its largest amount since the global financial crisis. Hobart, Canberra and Brisbane also reported positive annual growth of 8.7 per cent, 3.3 per cent, and 0.2 per cent, respectively.



Why did Adelaide perform so well?


One factor that has caused volatility in the eastern states has been high interstate immigration which contributes to fluctuations in demand, which flows through to prices. The same population changes haven't been as pronounced in South Australia. Adelaide has averaged growth of 2.2 per cent per annum reflecting steady and reliable returns for investors over the past decade.


Which suburbs performed best?


1. Woodforde

Annual change in dwelling value: 47.7 per cent

Median house price: $317,500

Council name: Adelaide Hills


2. Virginia

Annual change in dwelling value: 33.3 per cent

Median house price: $282,500

Council name: Playford


3. Greenhill

Annual change in dwelling value: 29.3 per cent

Median house price: $595,000

Council name: Adelaide Hills


4. Dulwich

Annual change in dwelling value: 28.7 per cent

Median house price: $1.3 million

Council name: Burnside


5. Mylor

Annual change in dwelling value: 28.5 per cent

Median house price: $800,000

Council name: Adelaide Hills

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