For months now we at The Advertiser have been watching the monthly real estate reports to be able to bring you the news that Adelaide has 150 suburbs with a median of $1m or more.
Last month there were 137. In December there were 148.
This comes after November’s 147, October’s 140 and September’s 141.
Now we can finally say the number of SA suburbs and towns with has eclipsed 150 SA suburbs or towns with a $1m median – and by a long way too.
According to the latest PropTrack data, there are now 191 suburbs or towns with a $1m median.
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That’s an increase of a whopping 54 on last month – great news for homeowners looking to hopefully realise capital appreciation when they sell, but a further blow for hopeful househunters already struggling to enter the market.
Adelaide’s most expensive suburb is Tennyson, recording a $3.48m median.
Medindie, on Adelaide’s leafy northern fringe, was the second-highest, with a $3.4m median, and Unley Park, in Adelaide’s inner south, rounded out the $3m club with a median price of $3.0375m.
A further 13 suburbs had a median between $2m and $3m, while at the other end of the spectrum, Flagstaff Hill, Macclesfield, Pasadena, Tooperang and both Woodville South and Woodville West all just snuck in with a median of $1m even.
Paradise, in Adelaide’s northeast, could well be the first to join next month if home values continue to rise there, recording a median of $999,500 this month.
Stephanie Williams of Williams Luxury Real Estate.
Williams Real Estate’s Stephanie Williams, who sells prestige properties right across Adelaide, said the market’s top end was seemingly unstoppable.
“There’s a finite number of luxury homes in South Australia, they’re tightly held, and there are more people wanting to buy them than there are wanting to sell them – that’s not going to change any time soon,” she said.
“$1m is not the benchmark anymore for a luxury home – it’s $3.5m to $4m.”
She said while interstate investment used to dominate the upper end of the market, it’s now mostly cashed-up locals buying our most prized homes.
Joe Marriott of Ray White
Ray White Unley/Colonel Light Gardens selling agent Joe Marriott said Pasadena, which was in the list this month but not last month, said it was a mixed market, with properties ranging from $850,000 up to $1m.
“If you’re going to find something in Pasadena for under $1m it’s either going to need work or it’ll be on a smaller block,” he said.
“Pasadena, Panorama and St Mary’s got rezoned for Unley High a couple of years ago and that’s helped make them more desirable.”
Betty and Gabriel Douflias at their home in Pasadena. Picture: Ben Clark
Pasadena residents Betty and Gabriel Douflias, who are selling their 9 Kalka Cres home of 25 years through Mr Marriott, and said they’ve seen prices soar in that time.
“People have discovered our little quiet suburb, which has become quite popular now,” she said.
She said she was hoping to get a great price when it sells.
“Hopefully a nice family buys it because it’s a great area for families,” she said.
SA’s $1m+ suburbs:
Tennyson $3,480,000
Medindie $3,450,000
Unley Park $3,037,500
Toorak Gardens $2,975,000
Malvern $2,625,000
College Park $2,550,000
Hyde Park $2,500,000
Rose Park $2,500,000
Tusmore $2,422,000
St Peters $2,400,000
Netherby $2,301,000
Joslin $2,112,000
Glenelg South $2,100,000
Somerton Park $2,085,000
Kensington Gardens $2,075,000
Erindale $2,000,000
Collinswood $1,966,000
Springfield $1,950,000
Hazelwood Park $1,912,500
Millswood $1,900,000
Leabrook $1,880,000
Ashton $1,850,000
Glenunga $1,850,000
Kensington Park $1,850,000
St Georges $1,850,000
Walkerville $1,850,000
Glenelg East $1,813,500
Dulwich $1,800,000
Kingswood $1,800,000
Unley $1,800,000
Highgate $1,780,000
Burnside $1,775,000
Rosslyn Park $1,775,000
Henley Beach South $1,765,000
Royston Park $1,758,528
Westbourne Park $1,753,000
Colonel Light Gardens $1,750,000
Wayville $1,750,000
Beaumont $1,720,000
Stirling $1,710,000
Glen Osmond $1,700,000
Myrtle Bank $1,700,000
Wattle Park $1,700,000
Goodwood $1,675,000
Hackney $1,674,000
Frewville $1,672,500
Glenelg $1,665,000
Henley Beach $1,630,000
Aldgate $1,625,000
Lynton $1,625,000
North Adelaide $1,620,000
Beulah Park $1,617,500
Linden Park $1,610,000
Carey Gully $1,600,000
Fullarton $1,600,000
Seacliff $1,600,000
Summertown $1,585,000
North Brighton $1,580,000
Hawthorn $1,575,000
Kent Town $1,575,000
Mitcham $1,565,000
Urrbrae $1,560,000
Trinity Gardens $1,557,500
Fulham $1,550,000
Stonyfell $1,550,000
St Morris $1,530,000
West Beach $1,530,000
Echunga $1,525,000
Grange $1,510,000
Lower Mitcham $1,510,000
Mylor $1,510,000
Norton Summit $1,502,500
Carrickalinga $1,500,000
Kudla $1,500,000
Parkside $1,500,000
Cumberland Park $1,452,500
Lockleys $1,452,500
Gilberton $1,450,000
Nailsworth $1,430,000
Norwood $1,425,000
Craigburn Farm $1,420,000
Payneham South $1,418,000
Torrens Park $1,410,000
Crafers $1,406,000
Clarence Park $1,405,000
Clarence Gardens $1,402,653
Hove $1,400,000
Kangarilla $1,400,000
Lower Inman Valley $1,400,000
Brighton $1,399,500
Croydon $1,395,000
Marino $1,386,091
Glenside $1,360,000
Glenelg North $1,355,000
Macdonald Park $1,355,000
Teringie $1,340,000
Vale Park $1,340,000
Maylands $1,332,500
Prospect $1,330,000
Marden $1,325,000
Fulham Gardens $1,320,000
Glengowrie $1,320,000
Welland $1,315,000
Daw Park $1,302,000
Finniss $1,300,000
Magill $1,300,000
Tranmere $1,300,000
Upper Sturt $1,300,000
Clapham $1,290,000
South Brighton $1,290,000
West Lakes Shore $1,287,500
Woodville $1,285,000
Heathfield $1,271,000
Semaphore South $1,265,750
West Lakes $1,265,000
Novar Gardens $1,260,000
Hahndorf $1,257,500
Kersbrook $1,250,000
One Tree Hill $1,250,000
Payneham $1,250,000
Kensington $1,241,000
Black Forest $1,240,000
Stepney $1,235,000
Evandale $1,230,000
Crafers West $1,225,000
Felixstow $1,225,000
Semaphore $1,217,000
Thebarton $1,215,000
Belair $1,212,500
Oakbank $1,210,000
Glandore $1,205,525
Hindmarsh Valley $1,205,000
Glynde $1,200,000
Seacliff Park $1,200,000
Firle $1,196,500
Hawthorndene $1,195,000
Panorama $1,192,500
Kings Park $1,190,000
Manningham $1,190,000
Largs Bay $1,185,000
Eastwood $1,180,000
Kidman Park $1,175,000
Torrensville $1,175,000
Rostrevor $1,170,000
Warradale $1,170,000
Plympton $1,169,000
Flinders Park $1,165,000
Plympton Park $1,145,000
Sefton Park $1,135,000
Eden Hills $1,120,000
Cockatoo Valley $1,100,000
Mile End $1,100,000
North Plympton $1,100,000
Underdale $1,100,000
Woodville Park $1,100,000
Kalbeeba $1,098,000
Melrose Park $1,095,000
Bellevue Heights $1,090,500
West Croydon $1,090,000
Hectorville $1,085,000
Blackwood $1,080,000
Walkley Heights $1,080,000
Broadview $1,075,000
Cheltenham $1,070,000
Bridgewater $1,060,000
Allenby Gardens $1,050,000
Coromandel Valley $1,050,000
Stanley Flat $1,050,000
Brooklyn Park $1,040,000
Glenalta $1,037,500
Forestville $1,030,000
Moana $1,027,500
Seaton $1,025,000
Seaview Downs $1,025,000
West Hindmarsh $1,022,500
Adelaide $1,020,000
South Plympton $1,020,000
Hampstead Gardens $1,015,000
Richmond $1,015,000
McLaren Flat $1,013,000
Beverley $1,012,000
Seacombe Heights $1,010,550
Darlington $1,005,000
Semaphore Park $1,004,000
Campbelltown $1,002,000
Flagstaff Hill $1,000,000
Macclesfield $1,000,000
Pasadena $1,000,000
Tooperang $1,000,000
Woodville South $1,000,000
Woodville West $1,000,000
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