In news that will excite homeowners and cause further despair for those struggling to enter the market, home values across South Australia have continued their climb over the past quarter.
Exclusive PropTrack figures reveal the amount needed to enter the market in many suburbs and towns surged over the past quarter, with house and unit values experiencing double-digit growth in five areas.
West Lakes house values climbed 14 per cent to a median of more than $1.431m, while Golden Grove units, which have a median of $764,776, have climbed in value by 13 per cent in the same period.
North Beach houses, on SA’s Yorke Peninsula, have climbed 12 per cent to a $767,140 median, while Wallaroo house values are also up – by 11 per cent to a $591,796 median.
Strathalbyn units rounded out the list with 10 per cent value growth over the past quarter, taking their median to $614,001.
Of the 526 suburbs or town PropTrack had unit or house data for, every one recorded a value growth over the past 12 months.
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In eight suburbs or towns this value growth exceeded 25 per cent over this period.
Murray Bridge units and Port Augusta houses topped the list, with their values increasing by 31 per cent, ahead of Gawler West houses, Rostrevor units and Port Pirie West houses, where values all climbed by 28 per cent.
Mount Gambier unit, and Risdon Park and Wallaroo house values all grew by 26 per cent.
Just a few down the list were Davoren Park houses, where values have climbed 22 per cent over the past year.
Edge Realty’s Mike Lao.
Edge Realty director Mike Lao, who sells in the northern suburbs, said Davoren Park values had soared in recent years as it moved away from the stigma it once had.
“There’s a lot of development happening out there and investors don’t look at stigma – they just don’t want to miss out,” he said.
“There are some really nice developments going in and they’ve really set the trend and are changing the face of the area.
“People are paying whatever they can for whatever they can get.
“I’m selling probably 30 per cent to owner-occupiers, 30 per cent to local investors and the other 40 per cent to interstate investors.”
Mr Lao said, aside from any unforeseen affect the war in Iran has on the market, he couldn’t see any reason why prices in the suburb wouldn’t continue to rise.
Lilisha Malla and Lawrence Chan outside their Davoren Park house. Picture: Brett Hartwig 9th April 2026
NDIS support co-ordinator Lilisha Malla, 29 and husband Lawrence Chan, 35, who is a service co-ordinator for an NDIS provider, have recently built in Davoren Park and are keen to see values continue to climb in the area.
“We were attracted by its affordability and its convenience, and since we’ve moved in we’ve found it to be a really safe area and its image is really changing – it’s really nice here,” Ms Malla says.
“To have values go up is really good to hear because it means security for our future – I hope it keeps going up.”
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Despite SA’s booming market, there wasn’t growth everywhere.
While every qualifying SA suburb and town recorded a value growth over the past 12 months, the same could not be said for the past quarter, with unit values dropping in Henley Beach, Grange, North Plympton, Woodville West, Walkerville, Ashford, Henley Beach South, Seaton and Fulham Gardens by between -1 per cent and -4 per cent.
REA Group senior economist Eleanor Creagh
REA Group senior economist Eleanor Creagh said many markets around Australia had recorded a deceleration in March, with interest rate rises tipped to restrict growth around the nation.
“Overall, the market is shifting into a slower-growth phase, with a rising likelihood of flat or declining prices in some markets in the months ahead, even as structural supply shortages cushion the moderation,” she said.
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