Key Adelaide sales data for 2024
RP DATA Core Logic
23 Average Days on Market
13.24% Increase in House Price Growth in 2024
15.12% Increase in Unit Price Growth in 2024
$856,563 Median House Price for 2024
House price growth in Adelaide increased by 13.24% in 2024
Adelaide’s property market continues to prove its strength and stability over the decades. Unlike other Australian capitals that experience sharp rises and falls, Adelaide has consistently delivered sustainable growth, making it one of the country’s most dependable markets.
Only twice in the past 43 years has Adelaide recorded negative growth — a 3% dip in 1996 and a 4% drop in 2012. Even during major global challenges like the 1982 recession, the GFC, and COVID-19, Adelaide’s median house prices have steadily increased, reinforcing its reputation as a “safe as houses” market.
The affordability index further highlights Adelaide’s balance between manageable mortgage repayments and steady price growth. While affordability pressures have risen slightly, Adelaide remains more accessible than Sydney and Melbourne, offering both value and resilience to homeowners and investors. This unique combination of affordability and stability underscores why Adelaide remains a solid, long-term investment choice.
Percentage house price change 1983 - 2024
Adelaide remains one of the most affordable capital cities in Australia
In 2024 Adelaide continued to see a strong positive shift in migration. While net interstate migration has returned to traditional pre-covid levels, overseas migration continued to surge at similar levels to the last two years. This influx of new residents is expanding the buyer pool, creating more competition and further driving demand for property. While other states may see more dramatic fluctuations in migration, Adelaide’s balanced growth reinforces its reputation as a stable and attractive market for those seeking a strong combination of lifestyle and affordability.
South Australia population movement
Pool and Stone were two of the top search criteria for Adelaide properties in 2024
Our toop.com.au website attracted more than 4.3 million unique visitors through 2024.
While Adelaide locals accounted for a majority of those visitors, we also generated significant traffic from both across the border and from overseas.
ORIGIN OF OVERSEAS
TOOP.COM.AU
VISITORS
1. United States
2. New Zealand
3. UK
4. China
5. Singapore
ORIGIN OF AUSTRALIAN TOOP.COM.AU
1. Adelaide 2. Melbourne 3. Sydney
Darwin
VISITORS
Mount Gambier
Buyer demographics + Key Interests in 2024
Toop.com.au
HOW DID OUR TEAM’S 2024 SUBURB PREDICTIONS PERFORM?
As the year draws to a close, we reflect on our 2024 predictions for South Australia’s property market and how these suburbs performed in reality. Here’s a snapshot of the standout performers and the growth they’ve achieved:
Croydon Park experienced 12.3% growth, with the median price climbing by $118,000 to $729,000. Proximity to the CBD and ongoing gentrification contributed to its appeal.
Hope Valley. This family-friendly suburb in Adelaide’s northeast experienced 6.3% growth in 2024. The median price rose by $45,600, reflecting strong demand for well-connected suburban living.
Fairview Park delivered 11.8% growth, with a median price increase of $80,000, bringing it to $1,717,000. Its family-friendly appeal and green spaces continue to attract steady demand.
Kilkenny’s gentrification and proximity to amenities led to an impressive 32% growth in property values. The median price climbed by $213,000, cementing its place as a rising star in Adelaide’s inner-west.
O’Halloran Hill. This affordable yet convenient suburb grew by 21.1%, with the median price increasing by $131,000 to $505,000. Its balance of affordability and location has made it a top choice for first-home buyers and investors.
Port Noarlunga. Our prediction of growth in this vibrant coastal suburb proved spot on. Port Noarlunga experienced a solid 12.2% growth, with the median property price increasing by $85,700 compared to 2023.
Urrbrae delivered 17.5% growth, with the median price climbing by $258,000 to $594,000. Its prestige homes and proximity to the city made it a favourite for premium buyers.
Wattle Park. This high-demand Hills suburb recorded 15.2% growth, with the median price increasing by $218,000 to $1,223,000. Wattle Park remains a favourite among affluent buyers seeking family homes with scenic surroundings.
West Lakes. As anticipated, West Lakes continued to attract premium buyers. It delivered 24% growth, with the median property price increasing by $246,000. Lifestyle and waterfront appeal remain key drivers.
What are the next property hotspots? Here are our 2025 predictions.
As team, we have rigorously debated this topic before nominating our most promising suburbs for 2025. Our selections take into consideration not only property data but also our conversations on the ground and the forward indicators we’ve learned to spot over nearly 40 years embedded in the Adelaide real estate market.
*This report reflects our team’s opinions and insights and should be used as a guide only. For personalised property advice, we recommend talking with one of our TOOP+TOOP Sales Partners.
Aldinga
Why: Growth in Aldinga is fueled by coastal appeal and increased tourism. As development in this area continues, it will likely remain popular with lifestyle buyers.
Belair
Why: Proximity to the city combined with a semi-rural lifestyle makes Belair a consistent performer. Character homes and bushland views maintain steady demand.
Bridgewater
Why: A sought-after Hills suburb offering tranquility and space. Strong appeal to tree changers and families has kept demand steady, particularly for large homes.
Blackwood
Why: Nestled in the Adelaide Hills, Blackwood combines affordability with proximity to natural amenities, making it attractive to families and nature lovers. Limited supply drives steady growth.
Devon Park
Why: An inner-west suburb benefiting from proximity to Bowden’s urban renewal projects and the city. While smaller, its affordability compared to surrounding areas keeps it in demand.
Adelaide’s property market continues to offer a unique combination of stability, affordability, and lifestyle appeal, making it one of the most exciting markets in the country. Whether you’re considering buying, selling, or simply staying informed, our team is here to help you navigate every step with confidence and expertise.
Click here to view our latest listings, recent sale results, or to learn more about the tailored services we offer.
