Home values in regional SA are surging at a faster rate than those in any other city or region across the country, both over the past 12 months and past five years.
PropTrack’s September Home Price Index shows they are up 13.3 per cent on the same time last year – or $56,000 – and 95.9 per cent compared to September 2020.
Darwin recorded the second highest annual growth at 10.4 per cent, while Brisbane was the runner up for five-year growth at 91.7 per cent.
The median house price for a property in regional SA is now $467,000.
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Property prices have surged right across South Australia over the past five years, latest PropTrack data shows.
House prices were 12.98 per cent higher – or $55,300 – than a year ago, taking the median to $473,000, while units were up 16.1 per cent – or $61,400 – with a median of $425,000.
Ray White SA chief executive Matt Lindblom said demand for property in many regional areas was still high.
“The market has been very strong on the Yorke Peninsula and also in the South East,” he said.
“There are a lot of people deciding to move out of Adelaide and move to the Yorke Peninsula.”
He said many people, particularly those looking to free up capital, were turning to the Yorke Peninsula because it wasn’t too far from Adelaide.
Meanwhile, Mr Lindblom said Mount Gambier was also attracting people from interstate.
“Mount Gambier is a strong economy, it’s halfway between Adelaide and Melbourne so you’ve got residents from both investing there.”
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Ray White SA chief executive Matt Lindblom.
While those areas were attracting many owner occupiers, Mr Lindblom said Port Augusta and Whyalla had strong investor markets.
“Even if you’re looking at the Riverland – towns like Waikerie are still strong, I think that’s about affordability and the lifestyle,” he said.
While not recording double-digit growth over the past year, home values across metropolitan Adelaide were still climbing quickly.
They recorded a 9 per cent rise over the past year, adding $70,700 to the median price, which stood at $853,000.
They were also up 88.9 per cent over the past five years.
House values were 8.79 per cent higher than a year ago – or $74,000 – taking the median to $925,000, while those of units were up 9.87 per cent – or $57,200 – to a median of $642,000.
REA Group senior economist Eleanor Creagh said Adelaide, as well as Brisbane and Perth, have had an “exceptional run of growth” over the past five years.
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PropTrack senior economist Eleanor Creagh.
“However, we are seeing that the pace of growth is normalising after what has been an exceptionally strong period, and we’re also seeing that reflected in forward-looking indicators like inquiry per listing,” she said.
“We’re seeing that inquiry per listing in each of those capitals is coming back off incredibly elevated levels over much of the past couple of years, so signalling a more normal phase of growth in each of those markets after an exceptional run of outperformance.”
Ms Creagh said national growth was driven by the three markets for much of last year, but so far in 2025 there was a more synchronised upswing with the renewed momentum that interest rate cuts have brought to demand.
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