South Australia’s coastal market is on fire, as buyers seek to secure their slice of an beachside lifestyle.
New PropTrack data reveals the shining stars of SA’s waterside market, highlighting the top metro and regional performers across a variety of categories including cheapest and most expensive median price, demand growth, price growth and fastest selling.
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Of suburbs to have had at least 10 sales to November 2024, O’Sullivan Beach in Adelaide’s southern suburbs was the state’s most affordable coastal locale.
It had a median house price of $632,000 – just ahead of the northwestern Taperoo at $665,000. Their medians have increased by 15.1 per cent and 16.7 per cent respectively.
Regionally, the cheapest houses can be found at Port Augusta, where the median house is just $233,000.
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At the other end of the spectrum, Somerton Park houses had the state’s most expensive median last year, notching up a $1.65m median – a 12-month change of 12.3 per cent.
It edged out nearby Henley Beach, Glenelg and Henley Beach South, which recorded medians of $1.615m, $1.595m and $1.585m respectively.
Ouwens Casserly Real Estate agent Linda Van Hooff, who specialises in Henley Beach and surrounds, said Adelaide’s coastline has strong appeal nationally.
“Homes here are highly sought-after – inquiry for coastal properties continues to be strong, given how stunning the beaches are, how close they are to the city and airport, and how affordable they are compared with similar homes interstate,” she said.
“You can expect good capital growth here – some properties have increased by up to 80 per cent since covid.
“There’s no indication that demand for coastal properties will ease anytime soon.”
Semi-retired financial services worker and UK magistrate Sally Gilding, 63, has recently bought a waterfront property at Kingston Park and said the was enjoying the coastal lifestyle.
The former eastern suburbs resident has lived in the UK for many years, returning to her Seacliff unit each year, and said she hoped to enjoy her new purchase for half the year and rent it out for the six months.
“If I had bought this in the UK this would have been $5m, possibly more,” she says.
“The value for money in Adelaide is amazing, even when you compare it to Melbourne and Sydney.
“I had always planned to buy a nice property in Adelaide and I had a fund which was earmarked ‘Adelaide property’ and when the right one came along I was ready to jump on it, but every year I came back prices had gone up and I just thought: ‘I need to get something this year’.”
Inquiries per metro listing on realestate.com.au have grown the most in Aldinga – up 52 per cent – while regionally, inquiries are up 103 per cent of listings in Ceduna on the Eyre Peninsula.
Mark Forde of Harris Real Estate, who sells on the Fleurieu Peninsula, said it had been a strong summer and he anticipated a solid run into 2025.
“The New Year is traditionally our busiest period, prices have been holding and there are still strong numbers of buyers, so it’s all looking extremely positive,” he said.
“There’s a lot of development occurring all along the Fleurieu, and that’s bringing a real change in the demographic among those who call this region home.”
Seacliff houses, the report revealed, had the greatest price increase for metro Adelaide – up 35.7 per cent over the prior 12 months to a $1.561m median – while Port Vincent houses were the regional stars, increasing by 49.9 per cent to a $634,000 median.
The report found both West Beach and Semaphore houses the fastest sellers in metro Adelaide, in 28 days on average – the same amount of time it takes to sell a Hayborough home on the Fleurieu Peninsula.
SA’S REGIONAL STARS REVEALED
CHEAPEST MEDIAN
Metro houses | |||
Rank | Suburb | Median Sale Price | Median Change YOY% |
1 | O’Sullivan Beach | $ 632,000 | 15.1% |
2 | Taperoo | $ 665,000 | 16.7% |
3 | Christies Beach | $ 700,000 | 19.8% |
4 | Seaford | $ 715,000 | 12.3% |
5 | Sellicks Beach | $ 715,000 | 8.5% |
6 | Aldinga Beach | $ 720,000 | 14.2% |
7 | Osborne | $ 728,000 | 16.2% |
8 | Aldinga | $ 770,000 | -9.4% |
9 | Port Willunga | $ 770,000 | 13.1% |
10 | Port Noarlunga South | $ 792,000 | 14.9% |
Metro units | |||
Rank | Suburb | Median Sale Price | Median Change YOY% |
1 | Henley Beach South | $ 475,000 | 25.0% |
2 | Port Noarlunga | $ 494,000 | 39.0% |
3 | West Beach | $ 494,000 | 7.7% |
4 | Christies Beach | $ 550,000 | 5.4% |
5 | Hove | $ 567,000 | 8.9% |
6 | Aldinga Beach | $ 582,000 | 14.1% |
7 | South Brighton | $ 583,000 | -0.8% |
8 | Glenelg | $ 600,000 | -3.2% |
9 | North Haven | $ 640,000 | 8.5% |
10 | Glenelg North | $ 641,000 | 8.6% |
Regional houses | |||
Rank | Suburb | Median Sale Price | Median Change YOY% |
1 | Port Augusta | $ 233,000 | 6.3% |
2 | Solomontown | $ 235,000 | 27.8% |
3 | Ceduna | $ 265,000 | 1.9% |
4 | Port Augusta West | $ 285,000 | 7.5% |
5 | Cowell | $ 297,000 | -4.4% |
6 | Port Wakefield | $ 340,000 | 36.0% |
7 | Whyalla | $ 393,000 | 18.9% |
8 | Kingston SE | $ 410,000 | 20.6% |
9 | Tumby Bay | $ 430,000 | 3.6% |
10 | Kingscote | $ 439,000 | 2.0% |
MOST EXPENSIVE MEDIAN
Metro houses | |||
Rank | Suburb | Median Sale Price | Median Change YOY% |
1 | Somerton Park | $ 1,650,000 | 12.3% |
2 | Henley Beach | $ 1,615,000 | 15.4% |
3 | Glenelg | $ 1,595,000 | 11.8% |
4 | Henley Beach South | $ 1,585,000 | 16.5% |
5 | Seacliff | $ 1,561,000 | 35.7% |
6 | West Beach | $ 1,505,000 | 20.4% |
7 | North Brighton | $ 1,334,000 | 16.0% |
8 | Glenelg North | $ 1,315,000 | 25.2% |
9 | Brighton | $ 1,258,000 | 23.3% |
10 | Hove | $ 1,175,000 | 3.5% |
Metro units | |||
Rank | Suburb | Median Sale Price | Median Change YOY% |
1 | Henley Beach | $ 693,000 | 35.1% |
2 | Brighton | $ 685,000 | 24.9% |
3 | Somerton Park | $ 677,000 | 40.5% |
4 | Glenelg North | $ 641,000 | 8.6% |
5 | North Haven | $ 640,000 | 8.5% |
6 | Glenelg | $ 600,000 | -3.2% |
7 | South Brighton | $ 583,000 | -0.8% |
8 | Aldinga Beach | $ 582,000 | 14.1% |
9 | Hove | $ 567,000 | 8.9% |
10 | Christies Beach | $ 550,000 | 5.4% |
Regional houses | |||
Rank | Suburb | Median Sale Price | Median Change YOY% |
1 | Port Elliot | $ 845,000 | 16.5% |
2 | Middleton | $ 825,000 | -0.6% |
3 | Normanville | $ 768,000 | 18.2% |
4 | Point Turton | $ 734,000 | 41.1% |
5 | Robe | $ 723,000 | 21.4% |
6 | Encounter Bay | $ 692,000 | 17.4% |
7 | McCracken | $ 675,000 | 6.2% |
8 | Hayborough | $ 656,000 | 15.7% |
9 | Victor Harbor | $ 650,000 | 1.6% |
10 | Carrickalinga | $ 650,000 | -9.9% |
DEMAND GROWTH
Metro houses | |||
Rank | Suburb | Demand Change YOY% | Median Sale Price |
1 | Aldinga | 52% | $ 770,000 |
2 | Henley Beach South | 44% | $ 1,585,000 |
3 | Semaphore | 41% | $ 995,000 |
4 | Port Noarlunga South | 37% | $ 792,000 |
5 | Glenelg | 32% | $ 1,595,000 |
6 | O’Sullivan Beach | 30% | $ 632,000 |
7 | Christies Beach | 22% | $ 700,000 |
8 | Port Willunga | 20% | $ 770,000 |
9 | Somerton Park | 19% | $ 1,650,000 |
10 | South Brighton | 16% | $ 1,345,000 |
Metro units | |||
Rank | Suburb | Demand Change YOY% | Median Sale Price |
1 | Christies Beach | 41% | $ 550,000 |
2 | West Beach | 39% | $ 494,000 |
3 | South Brighton | 26% | $ 583,000 |
4 | Henley Beach South | 15% | $ 475,000 |
5 | Henley Beach | 11% | $ 693,000 |
6 | Somerton Park | 2% | $ 677,000 |
7 | Glenelg | -1% | $ 600,000 |
8 | Hove | -2% | $ 567,000 |
9 | Glenelg North | -6% | $ 641,000 |
10 | North Haven | -17% | $ 640,000 |
Regional houses | |||
Rank | Suburb | Demand Change YOY% | Median Sale Price |
1 | Ceduna | 103% | $ 265,000 |
2 | Fisherman Bay | 95% | $ 296,000 |
3 | Port Augusta | 63% | $ 233,000 |
4 | Victor Harbor | 50% | $ 650,000 |
5 | Port Lincoln | 27% | $ 470,000 |
6 | Tumby Bay | 26% | $ 430,000 |
7 | Port Augusta West | 23% | $ 285,000 |
8 | Port Vincent | 18% | $ 634,000 |
9 | Goolwa South | 15% | $ 620,000 |
10 | Whyalla | 13% | $ 393,000 |
GREATEST PRICE GROWTH
Metro houses | |||
Rank | Suburb | Median Change YOY% | Median Sale Price |
1 | Seacliff | 35.7% | $ 1,561,000 |
2 | Glenelg North | 25.2% | $ 1,315,000 |
3 | Maslin Beach | 25.0% | $ 863,000 |
4 | North Haven | 24.1% | $ 885,000 |
5 | Brighton | 23.3% | $ 1,258,000 |
6 | Port Noarlunga | 20.6% | $ 832,000 |
7 | West Beach | 20.4% | $ 1,505,000 |
8 | Christies Beach | 19.8% | $ 700,000 |
9 | Largs Bay | 19.2% | $ 930,000 |
10 | Taperoo | 16.7% | $ 665,000 |
Metro units | |||
Rank | Suburb | Median Change YOY% | Median Sale Price |
1 | Somerton Park | 40.5% | $ 677,000 |
2 | Port Noarlunga | 39.0% | $ 494,000 |
3 | Henley Beach | 35.1% | $ 693,000 |
4 | Henley Beach South | 25.0% | $ 475,000 |
5 | Brighton | 24.9% | $ 685,000 |
6 | Aldinga Beach | 14.1% | $ 582,000 |
7 | Hove | 8.9% | $ 567,000 |
8 | Glenelg North | 8.6% | $ 641,000 |
9 | North Haven | 8.5% | $ 640,000 |
10 | West Beach | 7.7% | $ 494,000 |
Regional houses | |||
Rank | Suburb | Median Change YOY% | Median Sale Price |
1 | Port Vincent | 49.9% | $ 634,000 |
2 | Port Broughton | 43.6% | $ 540,000 |
3 | Point Turton | 41.1% | $ 734,000 |
4 | Port Wakefield | 36.0% | $ 340,000 |
5 | Streaky Bay | 33.1% | $ 513,000 |
6 | Solomontown | 27.8% | $ 235,000 |
7 | Port Hughes | 23.8% | $ 650,000 |
8 | Ardrossan | 23.6% | $ 445,000 |
9 | Robe | 21.4% | $ 723,000 |
10 | Kingston SE | 20.6% | $ 410,000 |
SHORTEST DAYS ON MARKET
Metro houses | |||
Rank | Suburb | Days on market | Median Sale Price |
1 | West Beach | 28 | $ 1,505,000 |
2 | Semaphore | 28 | $ 995,000 |
3 | O’Sullivan Beach | 30 | $ 632,000 |
4 | Somerton Park | 33 | $ 1,650,000 |
5 | Moana | 34 | $ 800,000 |
6 | Port Willunga | 35 | $ 770,000 |
7 | Glenelg North | 37 | $ 1,315,000 |
8 | Seacliff | 37 | $ 1,561,000 |
9 | Taperoo | 38 | $ 665,000 |
10 | Aldinga Beach | 38 | $ 720,000 |
Metro units | |||
Rank | Suburb | Days on market | Median Sale Price |
1 | Hove | 22 | $ 567,000 |
2 | Glenelg | 38 | $ 600,000 |
3 | Glenelg North | 38 | $ 641,000 |
4 | Christies Beach | 39 | $ 550,000 |
5 | Henley Beach | 40 | $ 693,000 |
6 | Somerton Park | 42 | $ 677,000 |
Regional houses | |||
Rank | Suburb | Days on market | Median Sale Price |
1 | Hayborough | 28 | $ 656,000 |
2 | Middleton | 36 | $ 825,000 |
3 | McCracken | 40 | $ 675,000 |
4 | Goolwa Beach | 40 | $ 593,000 |
5 | Victor Harbor | 42 | $ 650,000 |
6 | Encounter Bay | 43 | $ 692,000 |
7 | Normanville | 43 | $ 768,000 |
8 | Goolwa South | 44 | $ 620,000 |
9 | Port Elliot | 50 | $ 845,000 |
10 | Point Turton | 52 | $ 734,000 |
Source: PropTrack