Adelaide continues to lead the nation in property value growth, with the latest data from PropTrack revealing a 10.77% annual increase in median dwelling prices, now at $804,000. Regional South Australia isn’t far behind, experiencing an 11.6% rise, bringing the median to $480,000.

This sustained growth is underpinned by a tight housing supply—listings remain 28% below the five-year average—coupled with strong demand, particularly from interstate migration. The unit market is also thriving, with a notable 13.9% annual growth, highlighting its increasing appeal.

From a conveyancing perspective, this robust market activity translates to increased transaction volumes and a competitive environment for buyers. It’s crucial for clients to be prepared for swift contract processes and to ensure all legal documentation is in order to facilitate smooth settlements.​

Looking ahead, the market shows no signs of slowing. With potential interest rate cuts on the horizon and ongoing supply constraints, property values are expected to continue their upward trajectory.

For those considering entering the market or expanding their property portfolio, now is an opportune time. Engaging with experienced conveyancers can provide the necessary guidance to navigate this dynamic landscape effectively.​

Note: This update is based on the latest available data as of May 1, 2025. For personalised advice, please consult with our team directly.

Sources: ​AdelaideNow & RealEstate.com