Adelaide real estate has seen unprecedented growth in the past five years. Will it continue throughout 2025 or will the property bubble burst?
Property analyst experts PropTrack don’t think the bubble will burst any time soon. Their December 2024 Home Price Index report showed that Adelaide homes experienced the second-highest 12-month growth period of any Australian capital city at 13.5 per cent, and they expect some growth to continue during 2025.
National Property Values
Australia’s property price boom since March 2020 resulted in a combined capital city average increase of 45.1% led by Perth, who saw property values increase by 17.6 per cent during 2024 closely followed by Adelaide at 13.5 per cent.
Melbourne took the title of Australia’s weakest performing capital city during December 2024, falling by -0.53 per cent. Melbourne median house prices currently sit behind Sydney, Canberra, Brisbane and Adelaide.
According to PropTrack’s national forecast, property values in both Adelaide and Perth are expected to rise by between 3 and 6 per cent during 2025 with Melbourne values potentially adjusting by a 1 per cent fall through to a 3 per cent rise.
Property values in the remaining capital cities are all forecast to rise by between 0 and 5 per cent in the coming year.
The Adelaide Property Market
PropTrack statistics show Adelaide has recorded the highest value growth of any state over the past five years, with home prices up an average of 80.9 per cent over the five year period.
Median house prices in Adelaide’s northern suburbs lead the way in the list of the top performing suburbs across the metropolitan area.
According to PropTrack, Elizabeth South median house prices increased a whopping 56.7 per cent to $470,000, while Davoren Park and Munno Para recorded value growths of 39.1 per cent and 36.6 per cent, to median prices of $469,000 and $560,000 respectively.
Adelaide Property Value Forecast
With Adelaide house prices predicted to climb between 3 and 6 per cent in the coming year, there is never a better time to buy than right now. Boffo Real Estate agents have plenty of homes for sale in Adelaide’s booming north, northeastern and inner north eastern suburbs.
If 2025 is the year you plan to buy or sell your Adelaide home, be sure to get in touch with our office. We are happy to provide a free property appraisal if you’re thinking of selling while property prices are hot! And if you’re hoping to buy your first home or a new home, we can show you plenty of homes for sale along with off market properties in Adelaide’s north, inner north, northeast suburbs and beyond.
