City of AdelaideEconomic profile

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City of Adelaide

Housing valuation

At June 2016, the City of Adelaide had a median house valuation of $645,146, $264,095 higher than the median house valuation for South Australia.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2011-2016, Housing Valuation System

Housing values
City of Adelaide20162013Change
Housing value (at June)City of AdelaideSouth AustraliaCity of Adelaide relative to South AustraliaCity of AdelaideSouth AustraliaCity of Adelaide relative to South Australia2013 to 2016
House--------------
First Quartile$524,604$275,031+90.7%$480,854$254,242+89.1%+$43,750
Median$645,146$381,051+69.3%$575,272$341,851+68.3%+$69,874
Third Quartile$855,990$519,788+64.7%$752,728$450,018+67.3%+$103,262
Unit--------------
First Quartile$347,215$254,668+36.3%$302,247$233,647+29.4%+$44,968
Median$409,268$313,719+30.5%$359,180$281,656+27.5%+$50,088
Third Quartile$496,312$394,962+25.7%$428,682$341,507+25.5%+$67,630

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, South Australia: $394,962 Median, South Australia: $313,719 First Quartile, South Australia: $254,668 Third Quartile, South Australia: $519,788 Median, South Australia: $381,051 First Quartile, South Australia: $275,031 Third Quartile, City of Adelaide: $496,312 Median, City of Adelaide: $409,268 First Quartile, City of Adelaide: $347,215 Third Quartile, City of Adelaide: $855,990 Median, City of Adelaide: $645,146 First Quartile, City of Adelaide: $524,604
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2016
Change in housing values, 2013 to 2016 Third Quartile, South Australia: $53,455 Median, South Australia: $32,063 First Quartile, South Australia: $21,021 Third Quartile, South Australia: $69,770 Median, South Australia: $39,200 First Quartile, South Australia: $20,789 Third Quartile, City of Adelaide: $67,630 Median, City of Adelaide: $50,088 First Quartile, City of Adelaide: $44,968 Third Quartile, City of Adelaide: $103,262 Median, City of Adelaide: $69,874 First Quartile, City of Adelaide: $43,750
Source: Hometrack 2011-2016, Housing Valuation System

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