Valuer-General figures: The fastest-falling suburbs revealed

Property values continue to fall across the state, the latest Valuer-General’s quarterly figures show, with one suburb’s median dropping by a whopping $570,000 over the past year. According to the report for this year’s third quarter, Adelaide’s median house value dropped 2.56 per cent, or $25,000, over the past quarter from $975,000 to $950,000. The state median house value dropped as well – down 2.1 per cent or $18,622 – from $888,000 to $869,378. The number of sales over the past quarter has also declined, with the state recording 5488 sales last quarter, 1229 fewer than the previous quarter’s 6717, and 817 fewer than the 6305 recorded in the same quarter in 2025. It comes as Treasurer Jim Chalmers faces criticism over 15-year cash rate highs, runaway inflation and crashing housing approvals, with the government’s budgetary investment changes to self-managed super funds and negative gearing effectively acting as a handbrake to property markets around the country. REISA CEO Andrea Heading. Supplied Real Estate Institute of South Australia chief executive officer Andrea Heading said the data points to a market that is moderating, not retreating. “While quarterly medians have eased...