Adelaide suburbs defying housing downturn with $300k-plus price surge

Property values are falling right across the state as the country grapples with a national housing downturn but some suburbs are defying the odds.House values in five Adelaide suburbs are more than $300,000 higher than they were a year ago, realestate.com.au data shows.Homeowners in five Adelaide suburbs are still reaping the rewards of the long-gone property boom, with latest realestate.com.au figures revealing their house values are more than $300,000 higher than they were a year ago.Kensington Gardens house prices climbed the most from a dollar-value point of view.The median house price is $485,056 higher than it was a year ago – or 28.9 per cent – taking it to $2.165m.The Kensington Gardens property at 10 Sandford St is on the market with a $2.2m to $2.4m price guide.The Payneham home at 12 Kapunda Tce with be auctioned on November 7.Houses in Payneham followed, with $421,000 added to its median price, which now stands at $1.396m, then St Peters ($415,000), West Beach ($344,000) and Kensington Park ($330,000).Real Estate Institute of South Australia chief executive Andrea Heading said they were all tightly-held and sought-after areas with a particular type of property – mainly ...