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, $205,643 higher than the median house valuation for Greater Adelaide.

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 AdelaideGreater AdelaideCity of Adelaide relative to Greater AdelaideCity of AdelaideGreater AdelaideCity of Adelaide relative to Greater Adelaide2013 to 2016
House--------------
First Quartile$524,604$337,186+55.6%$480,854$309,101+55.6%+$43,750
Median$645,146$439,503+46.8%$575,272$389,574+47.7%+$69,874
Third Quartile$855,990$575,202+48.8%$752,728$495,817+51.8%+$103,262
Unit--------------
First Quartile$347,215$262,726+32.2%$302,247$248,994+21.4%+$44,968
Median$409,268$319,826+28.0%$359,180$290,471+23.7%+$50,088
Third Quartile$496,312$395,327+25.5%$428,682$347,473+23.4%+$67,630

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2016
Housing values, 2016 Third Quartile, Greater Adelaide: $395,327 Median, Greater Adelaide: $319,826 First Quartile, Greater Adelaide: $262,726 Third Quartile, Greater Adelaide: $575,202 Median, Greater Adelaide: $439,503 First Quartile, Greater Adelaide: $337,186 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, Greater Adelaide: $47,854 Median, Greater Adelaide: $29,355 First Quartile, Greater Adelaide: $13,732 Third Quartile, Greater Adelaide: $79,385 Median, Greater Adelaide: $49,929 First Quartile, Greater Adelaide: $28,085 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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