SA forecast for nation-leading house price growth in 2025
SA will experience nation-leading house price growth in 2025 if a PropTrack forecast comes to fruition.
According to PropTrack’s Property Market Outlook Report December 2024, Adelaide homes have experienced the second-highest growth over the past 12 months of 14.6 per cent.
This is second only to Perth, where values climbed 18.7 per cent over the past 12 months.
According to the data company’s forecast, home values in both states are forecast to increase by between 3 and 6 per cent in 2025.
It means house price could jump by as much as $47,700 – up to $842,700 in just a few months.
PropTrack records the December median house price at $795.000.
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Brisbane home values are tripped to rise by between 2 and 5 per cent, while Sydney values are expected to climb by between 1 and four per cent.
Canberra, Darwin and Hobart home values were all forecast to rise by between 0 and 3 per cent, while Melbourne homeowners could see values do anything from drop by 1 per cent to climb by 3 per cent.
Homes prices across metro Adelaide are tipped for more growth in 2025. Picture: Brenton Edwards
According to the report, Adelaide, Hobart, Darwin, Canberra and the combined regional markets were the only major markets in which price growth was stronger over the 12 months to November than over the previous calendar year.
The report also showed Adelaide has recorded the highest value growth of any state over the past five years, with home prices up 80.9 per cent over the five years to November.
This compares to an average growth across Australia’s combined capital cities of 43 per cent.
REA Group Director of Economic Research and report author, Cameron Kusher, said Australia’s housing market had performed strongly.
SA’s house prices have boomed over the past year.
“Australia’s property market has shown unexpected resilience in 2024, with home prices rising nationally despite varied performance across the country and an influx of new properties hitting the market,” he said.
“The increase in available stock has boosted sales volumes but also led to softening demand, which has been a contributing factor to slowing price growth. With more options, buyers face less urgency to purchase, and properties are spending a longer time on the market.
Cameron Kusher from REA Group
“Property market conditions in 2024 have been far from uniform across the capitals and regions, with significant variations reflecting diverse supply and demand dynamics.
“With price growth moderating, stock levels rising, and the expected timing for interest rate cuts delayed, we anticipate weaker price growth compared to recent years.”