Land Market

Prices

Greater Adelaide median land prices increased by 0.2% in the December quarter to reach $230,000 (up 13% over the year).

Recent trends are consistent with broader property market trends which showed that Adelaide property prices have remained resilient in 2022.

Greater Adelaide Median Lot Price (3-month moving average, selected lot types)

Sales Volumes

The volume of sales in the Greater Adelaide market rose in the December quarter 2022.

The result was driven by a range of factors including rebounding population growth and growing housing shortages in the broader Adelaide property market.

Median Lot Size

The median size of lots transacted across the Greater Adelaide market continues to decline due to a combination of factors including affordability pressures (higher prices and interest rates) and the type/size of stock being made available.

Greater Adelaide Residential Land Median Lot Size (sqm) - Quarterly

South Australia

Greater Adelaide*

December Quarter 2022

Commonly Sold Lots 12.5 x 30m 10 x 30m 18 x 30m

Median Price

$230,000 400sqm $556 per sqm

Median Size