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Top 10 Adelaide suburbs for price growth in 2021

The Real Estate Institute of South Australia (REISA) has recently released data for the December 2021 quarter that clearly shows it’s one of the top markets to watch.

South Australia Adelaide aerial spi

REISA’s research, based on residential property sales data from the valuer-general, shows a year-on-year median price increase for 334 of 368 (over 90 per cent) suburbs in Greater Adelaide.

Speaking of the phenomenal growth, REISA chief executive Barry Money said: “Can you believe that 90 per cent of that 90 per cent – or 302 out of 334 suburbs – have in fact grown in median price in double-digit percentage terms?”

The research also found the December quarter saw a sharp rise in South Australia’s median house price by 16.78 per cent, reaching a new high of $515,000. Similarly, the median price of units and apartments increased by approximately 8 per cent.

For metro Adelaide, Mr Money reported a “17.58 per cent increase in the median house price year-on-year”, with some suburbs recording increases of more than 100 per cent.

Here are the top-performing Adelaide suburbs for price growth in 2021:

Suburb

Median 4Q 2020

Median 4Q 2021

Year-on-year median change

Springfield

$1,005,888

$ 4,000,000

297.66 per cent

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Woodforde

$ 496,075

$1,650,000

232.61 per cent

Oakbank

$ 410,500

$ 970,500

136.42 per cent

Sefton Park

$ 546,000

$ 1,285,000

135.35 per cent

Unley

$ 894,000

$ 2,100,000

134.90 per cent

Glenside

$ 972,000

$ 2,150,000

121.19 per cent

St Peters

$ 1,060,000

$ 2,200,000

107.55 per cent

Wattle Park

$ 844,000

$ 1,682,500

99.35 per cent

South Brighton

$ 510,000

$ 1,012,500

98.53 per cent

Stepney

$ 885,000

$ 1,705,000

92.66 per cent

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