City of Port Adelaide EnfieldEconomic profile
Skip to content

City of Port Adelaide Enfield

Housing valuation

At June 2018, City of Port Adelaide Enfield had a median house valuation of $447,367, $45,657 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 Port Adelaide Enfield20182014Change
Housing value (at June)City of Port Adelaide EnfieldSouth AustraliaCity of Port Adelaide Enfield relative to South AustraliaCity of Port Adelaide EnfieldSouth AustraliaCity of Port Adelaide Enfield relative to South Australia2014 to 2018
House--------------
First Quartile$393,786$283,648+38.8%$335,025$262,337+27.7%+$58,761
Median$447,367$401,710+11.4%$373,695$355,667+5.1%+$73,672
Third Quartile$509,952$554,040-8.0%$425,815$469,248-9.3%+$84,137
Unit--------------
First Quartile$230,868$250,328-7.8%$221,961$240,075-7.5%+$8,907
Median$275,082$312,783-12.1%$256,149$290,932-12.0%+$18,933
Third Quartile$332,953$389,177-14.4%$289,211$354,587-18.4%+$43,742

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, South Australia: $389,177 Median, South Australia: $312,783 First Quartile, South Australia: $250,328 Third Quartile, South Australia: $554,040 Median, South Australia: $401,710 First Quartile, South Australia: $283,648 Third Quartile, City of Port Adelaide Enfield: $332,953 Median, City of Port Adelaide Enfield: $275,082 First Quartile, City of Port Adelaide Enfield: $230,868 Third Quartile, City of Port Adelaide Enfield: $509,952 Median, City of Port Adelaide Enfield: $447,367 First Quartile, City of Port Adelaide Enfield: $393,786
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, South Australia: $34,590 Median, South Australia: $21,851 First Quartile, South Australia: $10,253 Third Quartile, South Australia: $84,792 Median, South Australia: $46,043 First Quartile, South Australia: $21,311 Third Quartile, City of Port Adelaide Enfield: $43,742 Median, City of Port Adelaide Enfield: $18,933 First Quartile, City of Port Adelaide Enfield: $8,907 Third Quartile, City of Port Adelaide Enfield: $84,137 Median, City of Port Adelaide Enfield: $73,672 First Quartile, City of Port Adelaide Enfield: $58,761
Source: Hometrack 2014-2018, Housing Valuation System

To continue building your economic story go to...

v19.05.15-1.0.0