Adelaide ended 2023 with luxury house prices at $1.6 million, 2.2 times more than in 2014 and a 9.2 per cent increase from 2022. For the first 6 years of the last decade, luxury house prices increased incrementally, but once the $1 million threshold was passed in 2020, luxury house prices surged in 2023. Median prices have followed a similar but more muted trend.
Luxury unit prices saw a similar burst in prices post-2020. Between 2014 and 2020, prices grew at an average annual rate of 1.3 per cent, but between 2021 and 2023, this rate jumped to an average of 11.9 per cent per year. Luxury unit prices peaked in 2023 at $994,000, just shy of the million-dollar mark.
11 The Outlook, Salisbury Heights 10 registered bidders, six active Lead agent/auctioneer: Sam Doman – 0412 572 602 Saturday 23rd of August 2025 There was a strong sense of community and celebration in Salisbury Heights today, where a well-known local family sold their home in front of a crowd of … Read more
The Reserve Bank of Australia (RBA) announced it will cut the cash rate by .25 percentage points. This is the third time the cash rate has been cut this year, taking it to 3.60%. This is great news for many homeowners with a variable rate, who may find their repayments … Read more