City of AdelaideEconomic profile
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City of Adelaide

Housing valuation

At June 2017, City of Adelaide had a median house valuation of $707,247, $312,813 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 2013-2017, Housing Valuation System

Housing values
City of Adelaide20172012Change
Housing value (at June)City of AdelaideSouth AustraliaCity of Adelaide relative to South AustraliaCity of AdelaideSouth AustraliaCity of Adelaide relative to South Australia2012 to 2017
House--------------
First Quartile$577,487$281,505+105.1%$499,307$264,443+88.8%+$78,180
Median$707,247$394,434+79.3%$599,004$351,724+70.3%+$108,243
Third Quartile$943,185$542,110+74.0%$771,895$461,212+67.4%+$171,290
Unit--------------
First Quartile$362,611$255,268+42.1%$325,484$241,419+34.8%+$37,127
Median$416,882$319,714+30.4%$372,784$291,879+27.7%+$44,098
Third Quartile$507,916$406,581+24.9%$452,105$351,217+28.7%+$55,811

Source: Hometrack 2012-2017, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, South Australia: $406,581 Median, South Australia: $319,714 First Quartile, South Australia: $255,268 Third Quartile, South Australia: $542,110 Median, South Australia: $394,434 First Quartile, South Australia: $281,505 Third Quartile, City of Adelaide: $507,916 Median, City of Adelaide: $416,882 First Quartile, City of Adelaide: $362,611 Third Quartile, City of Adelaide: $943,185 Median, City of Adelaide: $707,247 First Quartile, City of Adelaide: $577,487
Source: Hometrack 2012-2017, Housing Valuation System
Change in housing values, 2012 to 2017
Change in housing values, 2012 to 2017 Third Quartile, South Australia: $55,364 Median, South Australia: $27,835 First Quartile, South Australia: $13,849 Third Quartile, South Australia: $80,898 Median, South Australia: $42,710 First Quartile, South Australia: $17,062 Third Quartile, City of Adelaide: $55,811 Median, City of Adelaide: $44,098 First Quartile, City of Adelaide: $37,127 Third Quartile, City of Adelaide: $171,290 Median, City of Adelaide: $108,243 First Quartile, City of Adelaide: $78,180
Source: Hometrack 2012-2017, Housing Valuation System

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