The SA suburbs and towns where sales are rising and prices are already starting to follow
Regional South Australia is the unsung hero of the nation’s property market, a new report reveals.
Hotspotting’s Price Predictor Index for winter 2021 shows 26 of the 33 regional SA locations ranked in the report – or 79 per cent – had rising markets.
It was the national leader in terms of the percentage of locations with rising sales activity.
The comprehensive report by property analyst and Hotspotting founder Terry Ryder analysed sales data in every suburb and town across Australia to determine where prices are likely to rise, decline or remain consistent.
Property analyst and Hotspotting founder Terry Ryder.
“History shows there is a correlation between sales volumes and price movements: the number of sales changes first and prices react – with a time lag,” the report stated.
Some locations have already enjoyed hefty price rises in the past year and are expected to lift further.
Others don’t make the ranking because there is either no clear pattern in sales activity or sales numbers are too small to be significant.
The report said regional SA’s property market had been a consistent performer in recent years but was probably not on the radar of interstate investors.
“The uplift in sales activity in locations across the state – particularly those attracting buyers who seek lifestyle at an affordable price – is translating into good price growth and most towns have recorded price growth in the past year,” it reads.
Victor Harbor, the Copper Coast, Barossa Valley and the Alexandrina LGA were the standout locations, while larger centres, including Mount Gambier, Port Lincoln, Murray Bridge and Whyalla, also had rising markets.
Harris Real Estate Copper Coast agent Tim Hosking said properties were no longer taking weeks or months to sell in the region.
Regional SA was the national leader in terms of the percentage of locations with rising sales activity, the report reveals.
“There’s been no shortage of buyers looking,” he said.
“All of a sudden you’re not waiting for that one buyer because there are more than one – properties are being picked up rapidly.”
He said holiday homes were in strong demand but there was also an increasing number of families and professionals moving to the area for its lifestyle.
Meanwhile, 104 Adelaide suburbs were identified as rising markets, which was up on the record 92 in the previous report.
Port Adelaide Enfield LGA continued to be the market leader followed by Salisbury and Playford LGAs – all three of which were top picks nationally.
Raine & Horne agent Andrew Harvey said a mix of owner occupiers and investors were flooding the market in the Salisbury area.
“There’s definitely a lot more buyers than there are properties to sell,” he said.
“It’s not uncommon to get a large number of offers … at the first open inspection now.
“The good thing about Salisbury council area is that it’s still reasonably close to Adelaide and reasonably priced.
REGIONAL SA’S RISING MARKETS
(Town, LGA, property type, median price)
Barmera, Berri Barmera: H, $215,000
Berri, Berri Barmera: H, $230,000
Bordertown, Tatiara District: H, $165,000
Clare, Clare Gilbert Valley: H, $320,000
Encounter Bay, Victor Harbor: H, $380,000
Goolwa, Alexandrina: H, $360,000
Hindmarsh Island, Alexandrina: H, $460,000
Kadina, Copper Coast: H, $245,000
Kapunda, Light Regional: H, $280,000
Kingscote, Kangaroo Island: H, $245,000
Loxton, Loxton Waikerie: H, $255,000
Mannum, Mid Murray: H, $260,000
Millicent, Wattle Range: H, $200,000
Moonta Bay, Copper Coast: H, $320,000
Mount Gambier, Mount Gambier: H, $265,000, U, $205,000
Murray Bridge, Murray Bridge: H, $240,000
Naracoorte, Naracoorte Lucindale: H, $260,000
Nuriootpa, Barossa: H, $360,000
Port Augusta, Port Augusta: H, $140,000
Port Lincoln, Port Lincoln: H, $305,000
Robe, District of Robe: H, $410,000
Strathalbyn, Alexandrina: H, $385,000
Tanunda, Barossa: H, $390,000
Victor Harbor, Victor Harbor: H, $395,000
Wallaroo, Copper Coast: H, $245,000
Whyalla, Whyalla: H, $325,000
ADELAIDE’S RISING MARKETS
(Suburb, LGA, property type, median price)
Aberfoyle Park, Onkaparinga: H, $445,000
Adelaide, Adelaide: H $670,000 U $440,000
Andrews Farm, Playford: H, $285,000
Belair, Mitcham: H, $675,000
Blair Athol, Port Adelaide Enfield: H, $480,000
Blakeview, Playford: H, $350,000
Bridgewater, Adelaide Hills: H, $535,000
Brighton, Holdfast Bay: H, $700,000
Broadview, Port Adelaide Enfield: H, $550,000
Brompton, Charles Sturt: H, $585,000
Brooklyn Park, West Torrens: H, $540,000
Burnside, Burnside: H, $885,000
Burton, Salisbury: H, $335,000
Camden Park, West Torrens: H, $610,000, U, $340,000
Campbelltown, Campbelltown: H, $535,000
Christie Downs, Onkaparinga: H, $295,000
Clarence Park, Unley: H, $775,000
Clearview, Port Adelaide Enfield: H, $455,000
Clovelly Park, Marion: H, $495,000
Colonel Light Gardens, Mitcham: H, $895,000
Craigburn Farm, Mitcham: H, $830,000
Davoren Park, Playford: H, $175,000
Daw Park, Mitcham: H, $670,000
Dernancourt, Port Adelaide Enfield: H, $520,000
Dover Gardens, Marion: H, $495,000
Eden Hills, Mitcham: H, $615,000
Elizabeth Downs, Playford: H, $205,000
Elizabeth East, Playford: H, $210,000
Elizabeth North, Playford: H, $175,000
Elizabeth Vale, Playford: H, $240,000
Evanston Park, Gawler: H, $305,000
Ferryden Park, Port Adelaide Enfield: H, $470,000
Findon, Charles Sturt: H, $550,000
Flagstaff Hill, Onkaparinga: H, $545,000
Fulham, West Torrens: H, $830,000
Fulham Gardens, Charles Sturt: H, $705,000
Fullarton, Unley: H, $1.105 million
Gawler East, Gawler: H, $370,000
Gawler South, Gawler: H, $335,000
Glenelg, Holdfast Bay: U, $650,000
Glengowrie, Marion: H, $695,000
Glenunga, Burnside: H, $1.17 million
Golden Grove, Tea Tree Gully: H, $520,000
Goodwood, Unley: H, $850,000
Greenacres, Port Adelaide Enfield: H, $490,000
Greenwith, Tea Tree Gully: H, $470,000
Hectorville, Campbelltown: H, $570,000
Henley Beach South, Charles Sturt: H, $995,000
Hillcrest, Port Adelaide Enfield: H, $480,000
Hope Valley, Tea Tree Gully: H, $435,000
Huntfield Heights, Onkaparinga: H, $315,000
Kensington Gardens, Burnside: H, $1.1 million
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Kensington Park, Burnside: H, $945,000
Kilburn, Port Adelaide Enfield: H, $445,000
Largs Bay, Port Adelaide Enfield: H, $640,000
Largs North, Port Adelaide Enfield: H, $470,000
Lightsview, Port Adelaide Enfield: H, $465,000
Malvern, Unley: H, $1.405 million
Marion, Marion: H, $545,000
Mawson Lakes, Salisbury: H, $515,000, U, $300,000
Modbury North, Tea Tree Gully: H, $415,000
Morphett Vale, Onkaparinga: H, $330,000
Mount Barker, Mount Barker: H, $430,000
Munno Para, Playford: H, $290,000
Munno Para West, Playford: H, $275,000
Nairne, Mount Barker: H, $400,000
Newton, Campbelltown: H, $535,000
Noarlunga Downs, Onkaparinga: H, $330,000
North Haven, Port Adelaide Enfield: H, $475,000
Northfield, Port Adelaide Enfield: H, $435,000
Norwood, Norwood Payneham: H, $1.005 million, U, $570,000
Oaklands Park, Marion: H, $490,000
Para Hills, Salisbury: H, $355,000
Para Hills West, Salisbury: H, $325,000
Parafield Gardens, Salisbury: H, $365,000
Paralowie, Salisbury: H, $330,000
Plympton, West Torrens: H, $590,000, U, $310,000
Plympton Park, Marion: H, $575,000
Pooraka, Salisbury: H, $380,000
Prospect, Prospect: H, $720,000, U, $445,000
Richmond, West Torrens: H, $540,000
Royal Park, Port Adelaide Enfield: H, $450,000
Salisbury, Salisbury: H, $340,000
Salisbury East, Salisbury: H, $335,000
Salisbury North, Salisbury: H, $255,000
Seaford Meadows, Onkaparinga: H, $400,000
Seaford Rise, Onkaparinga: H, $395,000
Somerton Park, Holdfast Bay: H, $1.04 million
South Brighton, Holdfast Bay: H, $760,000
South Plympton, Marion: H, $550,000
St Agnes, Tea Tree Gully: H, $435,000
St Clair, Charles Sturt: H, $550,000, U, $375,000
St Georges, Burnside: H, $1.135 million
St Marys, Mitcham: H, $490,000
St Peters, Norwood Payneham: H, $1.42 million
Stirling, Adelaide Hills: H, $870,000
Torrensville, West Torrens: H, $625,000
Tranmere, Campbelltown: H, $675,000
Trott Park, Marion: H, $445,000
Walkerville, Walkerville: H, $1.36 million
West Lakes, Charles Sturt: H, $820,000
Willaston, Gawler: H, $305,000
Windsor Gardens, Port Adelaide Enfield: H, $480,000
Wynn Vale, Tea Tree Gully: H, $475,000
(Source: Terry Ryder Hotspotting Price Predictor Index Winter 2021)