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, $247,666 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 2013-2017, Housing Valuation System

Housing values
City of Adelaide20172014Change
Housing value (at June)City of AdelaideGreater AdelaideCity of Adelaide relative to Greater AdelaideCity of AdelaideGreater AdelaideCity of Adelaide relative to Greater Adelaide2014 to 2017
House--------------
First Quartile$577,487$351,896+64.1%$504,337$322,727+56.3%+$73,150
Median$707,247$459,581+53.9%$602,775$407,805+47.8%+$104,472
Third Quartile$943,185$601,308+56.9%$817,167$519,845+57.2%+$126,018
Unit--------------
First Quartile$362,611$266,542+36.0%$344,513$253,342+36.0%+$18,098
Median$416,882$327,021+27.5%$405,103$299,766+35.1%+$11,779
Third Quartile$507,916$406,792+24.9%$479,517$362,519+32.3%+$28,399

Source: Hometrack 2014-2017, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Greater Adelaide: $406,792 Median, Greater Adelaide: $327,021 First Quartile, Greater Adelaide: $266,542 Third Quartile, Greater Adelaide: $601,308 Median, Greater Adelaide: $459,581 First Quartile, Greater Adelaide: $351,896 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 2014-2017, Housing Valuation System
Change in housing values, 2014 to 2017
Change in housing values, 2014 to 2017 Third Quartile, Greater Adelaide: $44,273 Median, Greater Adelaide: $27,255 First Quartile, Greater Adelaide: $13,200 Third Quartile, Greater Adelaide: $81,463 Median, Greater Adelaide: $51,776 First Quartile, Greater Adelaide: $29,169 Third Quartile, City of Adelaide: $28,399 Median, City of Adelaide: $11,779 First Quartile, City of Adelaide: $18,098 Third Quartile, City of Adelaide: $126,018 Median, City of Adelaide: $104,472 First Quartile, City of Adelaide: $73,150
Source: Hometrack 2014-2017, Housing Valuation System

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