Where home values have doubled in the past five years

A new report by Propertyology has revealed SA’s hotspots for value growth over the past five years – with two locations named among the best in the nation and another four recording price doubles over the past five years.

In his Champagne and Lemons report – which looks at suburbs to have either excelled or underperformed over the past five years – Propertyology head of research Simon Pressley singled out Murray Bridge as being one of the nation’s three best-performing regions over the past five years (with values up 110 per cent), and naming Adelaide as one of the country’s top three capitals for the year.

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Values here were up 80 per cent over the past five years.

According to the report, Murray Bridge, Mount Gambier, Copper Coast (Kadina) and Port Pirie all recorded price increases of more than 100 per cent over the past five years – this is out of just 29 to have achieved this around the country over the past five years.

Mr Pressley said there was one thing all of these areas, and in fact all of them around the nation had in common.

Propertyology’s head of research Simon Pressley.

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“Food production and natural landscapes are prominent among many of the 29 townships where their median house value doubled over the five years since January 2020,” he said.

“Relatively affordable housing, extremely tight local housing supply, agribusiness and the resources sector are common characteristics among the star property markets.

“The single biggest important component for property market performance is always local economic conditions.

Port Pirie has emerged as a star property performer. Picture: Dean Martin

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Mount Gambier was also identified in the report. Here is the town’s iconic and beloved Blue Lake. Picture: Getty Images

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“So, it is no surprise that all of the 29 townships, municipalities and cities are located within the four states that had the strongest economic conditions for much of the last 5 years.”

Queensland’s Lockyer Valley and Western Australia’s Port Hedland also made the list for standout regional performers, while Perth and Brisbane were named the other two top capital cities.

With just 9 per cent growth, Alice Springs in the Northern Territory was rated the worst performer, and Melbourne was the nation’s worst-performing capital, with values up just 20 per cent.

Harris Real Estate managing director Phil Harris. Picture: Supplied

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Harris Real Estate, in his 2025 Harris Report, said SA’s market showed its strength last year, and said 2025.

“2024 will be remembered as the year Australia’s property market showcased resilience amid ongoing economic challenges,” he said.

“Despite high living costs and a prolonged cash rate, the housing market proved adaptable and strong.

“The start of the year may see continued pressure on buyer demand, potentially leading to a slight decline in home values early in the year – with affordability stretched and borrowing power limited, buyers face significant barriers.

“However, several factors could shift this dynamic – any interest rate cut or targeted stimulus could spark demand and drive price growth.”