Get ready to pay more for your council rates as the latest Valuer-General’s figures reveal home values across the state have continued their climb to a record high.
According to the Valuer General’s report for this year’s first quarter, South Australia’s median house value has increased 2.97 per cent or $22,500 over the past three months to $875,250, while Adelaide’s metropolitan median is up $45,000 or 4.84 per cent to $975,000.
SA’s statewide median house value is also up 14.41 per cent, or $110,250 on this time last year, with Adelaide’s metropolitan median up 15.11 per cent, or $128,000.
The state recorded 5893 sales for the quarter – down from the 6796 recorded in the previous quarter, but up on the 6768 recorded for the same period last year.
That good news of value growth for homeowners looking to sell could prove to be bad news for others, as they brace for council rate rises, given councils base their rate calculations on the Valuer-General’s assessments.
REISA CEO Andrea Heading. Supplied
Real Estate Institute of South Australia chief executive Andrea Heading said SA’s market was performing strongly.
“What we saw in the first quarter this year was a market that continued to strengthen on price, even as sales volumes eased from the highs of late last year,” she said.
“That tells us demand remains solid, but buyers are competing for a limited pool of listings.”
According to the report, the median metropolitan unit value is also up 6.65 per cent or $45,250 over the past quarter, and 18.02 per cent, or $110,750, over the past 12 months to a $725,250 median.
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City units and apartments also performed strongly, with values rising over both periods – up 16.99 per cent or $95,500 for the quarter, and 44.19 per cent or $201,500 over the past 12 months.
Of suburbs to have recorded at least 10 sales for this year and last’s second quarters – experts determine 10 sales to be the minimum to form a statistically reliable average – Highbury recorded the greatest percentage increase over the past 12 months, with the median up 39.41 per cent, or $335,000 from $850,000 to $1.185m.
This is from 15 sales last quarter and 18 in the same quarter in 2025.
Harris Real Estate agent Jarred Stamoulis. Supplied
Harris Real Estate agent Glenelg agent Jarred Stamoulis said Highbury’s star was rising.
“It’s still one of the few suburbs where you can get good land sizes, great schools and fantastic facilities around for a relatively affordable price,” he said.
“There are a lot of families that still want a good bit of land, and in this economy, they’re looking at places like Highbury as they struggle to afford those places that are typically more desirable.”
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Highbury resident Paul Newman, inherited the 2 Paradise Close home he is now selling through Mr Stamoulis from his cousin in 2017 and said the suburb offered a slice of hills living close to the city.
“There are birds everywhere and we’re surrounded by trees and it’s like being in the bush, but we’re 20 minutes from the city and less than 7km from the nearest winery,” he said.
“I’ve never looked at the prices really, but it’s great to hear they’re performing so strongly and I hope to see that reflected in my sale price.”
Paul Newman outside his home in Highbury, SA. Picture: Ben Clark
For regional buyers, Berri houses have had the greatest increase over the past three months – up $96500, or 27.3 per cent for the quarter to $450,000, while Port Lincoln houses experienced the greatest rise over the past 12 months.
Values here are up $150,000 or 30 per cent, to $650,000.
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