With a median house price of $1.47 million, Toorak Gardens is officially Adelaide's most expensive suburb, according to new figures from CoreLogic. Pictured: 23 Coreega Avenue, Springfield. This is well above the $2.95 million it was purchased for in May 2004. While the transaction set a new benchmark for prestige property in SA, the landmark home is not the first to make headlines for its eye-watering sale price. Sydney, Melbourne and Canberra are our most expensive cities and as a result are far more sensitive to the cost of debt," she said. The most expensive Adelaide house of the year was Ivanhoe, at 9 Edwin Terrace, Gilberton, which sold for $7 million in November 2016. 10 Robe Terrace, Medindie $9.25 million. Interestingly enough, the house's selling agent held the record for selling Australia's most expensive house back in 1980, although that one fetched a "mere" $2,150,000. 17 Andrew Avenue, Millswood. A little further out than the above-mentioned suburbs, Royston Park has a median price of $1.71 million, and asking prices around the $1 million mark. 5 beds. CoreLogics guide to navigating a looming fixed-rate cliff, Lismore flood disaster: one year on but insurance battles ongoing, To-die-for: 5 luxury holiday homes on Sydneys outskirts, that you can now co-own. According to John Williams of Williams Real Estate, who has steered many million-dollar sales this year, vendors are pretty tight-lipped about disclosing final sale price. Consider whether this advice is right for you. Read more reviews. Asking prices for the postcode 5066, according to SQM, ticked over $1 million late in 2022, but has since dropped back to the mid $850,000s. College Park easily accesses the Adelaide CBD via the A11 Payneham Road, but sits just outside of the Adelaide tram network, with the eastern terminus a tad further down the road at the Botanic Gardens. Fees payable by product providers for referrals and Sponsorship or Promotion may vary between providers, website position, and revenue model. 37 Shakespeare Ave, Tranmere sold for $2.1 million. Buyer activity has risen in the past 18 months, prices are rising but remain affordable and vacancies near zero mean rents have increased 20% in the past year. What is the most expensive house in Adelaide? 382 The Parade, Kensington Park. Fitzroy sits next to the Adelaide Park Lands, and is also home to numerous 19th century multi-storey mansions. Courtesy of B/SCENE STUDIOS. Please remember, this is a guide only and you should contact the school directly to confirm. Co-own a $4M luxury holiday home at Mermaid Beach or Pelican Waters now, for $400-$500k. Value for money real estate defines the Adelaide market and this is reflected in our Top 10 selections. Co-own a $4M luxury holiday home at Mermaid Beach or Pelican Waters now, for $400-$500k. The six-bedroom, seven-bathroom property sits on a large 2,231 sqm block, with the house itself doubling in size since it was originally built. One of the most notable sales from 2022, according to HTW, was 400 Coopers Beach Road in Nalyappa, some two hours drive away from Adelaide, or 175 kilometres. Elizabeth Vale offers all of that (vacancies 0.2%), as well as the Lyell McEwin Hospital, a shopping centre and extensive green spaces. 6 McKinlay Court, Mawson Lakes sold for $2.1 million. In August 2022, The Property Tribune reported on top first home buyer suburbs, according to National Australia Bank (NAB) data, with the 5114 postcode making the list. Price Upon Request. This northern Adelaide precinct offers rail and motorway connectivity, shopping, schools and a golf course. Houses in Adelaide. Virtually every postcode has a vacancy rate under 1%, with rents up almost 20% in the past year, according to SQM Research figures. Instead of a slowdown, we have seen 20 per cent growth and I doubt that 2022 will see prices drop, just yet.. Explore our stunning collection today. From old Victorian and European-styled mansions to modern masterpieces, Medindie has a mansion to cater to your taste. 68 Battams Rd, Marden sold for $5.3 million. Canstar may earn a fee for referrals from its website tables, and from Sponsorship or Promotion of certain products. 81 Seaview Road Tennyson sold for $5.2 million. *couples are most welcome with a $35pw surcharge. 23-coreega-avenue-springfield-e9cdc5a9-f1a4-4faf-957f-601bc7644f14.jpg Get up to $5000 cashback. One of those is Victoria's most expensive home, 47 Lansell Road. It has claimed for itself the status as the high-tech innovation capital of Australia, with many national and international businesses based there. This is a case study in bread-and-butter real estate homes in the $300,000s, a choice of primary and secondary schools, plenty of sports fields and green spaces, good road and rail connections, with a major shopping centre nearby. Take a look through 9 Robe Tce, Medindie - a home tipped to break Adelaide's residential property record. The second highest verified sale is of a luxurious beachfront mansion. Asking prices for the postcode 5066 hit February 2022 highs of $1.8 million and are currently floating around $1.5 million. One of Adelaide's priciest and most popular suburbs in which to buy a home, St Peters is nonetheless among its cheapest for share houses. Please refer to the product disclosure statement (PDS) and CanstarsFinancial Services and Credit Guide (FSCG)for more information, and read ourdetailed disclosure, important notes and liability disclaimer. Upfront cost canstar.com.au as at 7 October 2022. But, notwithstanding the staggering price surge the metropolis has witnessed of late, there are seldom homes in 'Radelaide' that tip over the eight-figure mark. This five-bedroom character home on 382 The Parade boasts custom renovations including a substantial landscaping uplift. The most expensive suburb to buy into is the leafy and upmarket suburb of Vaucluse, . 30-34 Hall Street, Semaphore sold for $2.625 million. Research provided by Canstar Research AFSL and Australian Credit Licence No. Exclusions, T&Cs apply, Copyright 2023 CANSTAR Pty Limited AR 443019, 10 best suburbs in Adelaide to invest in 2023, Fees & charges apply, Australian Credit Licence 230686, Fees & charges apply, Australian Credit Licence 395219, Thanks for visiting Canstar, Australias biggest financial comparison site*, ubank | Neat Home Loan Owner Occupied P&I 70-80% | Variable, loans.com.au | Smart Booster Home Loan Intro 2 yrs | Variable, Canstars Financial Services and Credit Guide (FSCG), Financial Services and Credit Guide (FSCG). Rents have risen 15% in the past year, on the back of a 0.6% vacancy rate. It comes as no surprise that the suburbs in the postcode, including: Andrews Farm, Blakeview, Craigmore, Gould Creek, Humbug Scrub, One Tree Hill, Sampson Flat, Smithfield, Smithfield Plains, Uleybury, and Yattalunga, do not feature on the most expensive suburbs list. Dover Gardens thrives on its proximity to the Flinders University/Flinders Medical Centre precinct, as well as the Tonsley Innovation District and the Westfield Marion shopping centre. According to Department of Planning, Transport and Infrastructure records, 19 Statenborough St, Leabrook transacted on June 30 for a record $8 million. 1. Dulwich is bordered on the east by Toorak Gardens, and to the west by Victoria Park and the Adelaide CBD. Image - Harcourts Pilgrim. That may still sound like a lot, but when you consider Melbourne's most expensive property sold in 2021, 47 Lansell Road in Toorak, changed hands for $43.1 million, and Sydney's priciest property sold was a penthouse in ANZ Tower that . Gilles Plains offers houses in the $500,000s, multiple schools and colleges, a TAFE campus, a golf course and proximity to employment zones. According to Domain's latest data, the median house price in Adelaide rose by 27.5 per cent last year, with the average abode setting buyers back north of $731,000. City of Port Adelaide Enfield. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall or rise. Slightly different to median prices, the average asking prices for Adelaide have recently been on a sharp rise, houses going for almost $760,000, with units around $360,000, according to SQM Research data. 10. "Sydney house prices have now fallen by 10.8 per cent from their peak in February 2022. Settlement date: July 14, 2017. Coming in third on our list of most expensive properties in Brighton, is this six bedroom terraced house in Adelaide Crescent up for sale for offers in excess of 3,000,000. The suburb has a median house price of $1.9 million, with asking prices floating around the $1 million mark for the postcode 5082, which includes some five other suburbs. The suburb is mostly comprised of St Peters College, with a retirement village on the western fringe of the suburb. How Much Does A Conveyancer Cost in Australia? The most expensive postcode to rent in South Australia is 5065, which includes the suburbs of Dulwich, Glenside, Linden Park, Toorak Gardens and Tusmore, immediately south-east of the Adelaide CBD . It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) REA Group Ltd. Both Clarence Park and Millswood Stations are either in the suburb of close by; the suburb is where the Seaford & Flinders line and Belair line both converge to head into Adelaide City. Share. @paulajothompson. 225 Esplanade, Henley Beach $4,125,000, 225 Esplanade, Henley Beach. 8. Adjacent to the second-placed Unley Park, Malvern has a median house price of $1,964,000. With a median house price of $1,009,428, Sydney is the highest priced city in Australia. 18 Bellerophon St, Yatala Vale $1.56 million, 16 Northgate St, Unley Park $5.2 million, 9 Edwin Tce, Gilberton sold for $7 million. Contracts to buy U.S. previously owned homes rose by the most in more than 2-1/2 years in . St Peters and Unley took out fourth and fifth place, both with medians at just over $1 million. Average Price: $1,745,852. Read more about the property here. 29-31 St Georges Road, Toorak, VIC - $88M. The average rent in Sydney is $600 for houses and $490 for units. Six kilometres south of the Adelaide CBD, Kingswood has a median house price of $1,766,300, and an asking price around the $1.1 million to $1.3 million mark. AN ADELAIDE CBD mansion has hit the market and is tipped to set a new record as the most expensive house sold in South Australia eclipsing the $6.5 million sale of Glenelg's historic . Buyer demand in Christies Beach has risen steadily over two years and the median is now nudging $500,000. . 5 Scott Creek Rd, Heathfield $4.1 million. Springfield has a median house price of A$1,570,143. There is easy access to the array of amenities in the Noarlunga Centre. Summertown Aristologist in the Patch Marion Bay's Van Bone is one of Australia's most popular destination diners but, even if you do manage to snag a reservation, it's a long way to the east coast of Tasmania. which is the median house price divided by the pre-tax median household income - to rate housing affordability. The most expensive regions in Australia are: Victoria, Australia $6,020/sqft. Mr Giordano said he and the team believe a house they currently have on the market in Yatala Vale, 17km from the CBD, will be the next record holder for the states highest residential sale. 3. Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular credit product or loan. The views, opinions, and positions expressed in this piece are the views of the author(s) alone, and do not necessarily reflect the views of Canstar. The property has an indoor swimming pool and spa, a three-storey lift, an outfitted home theatre, an 80 sqm multi-purpose room along with three balconies and three courtyards. The suburb has a median house price of $1,694,400, with a large park taking up circa one quarter of the suburb. Luxury real estate in Adelaide, South Australia What you get: . This regency townhouse is set over 6 floors and was built around 1830. The fees listed below are for general tuition, with some school levy's included. Historically Adelaide has ticked along and had constant growth, but has never experienced the exponential growth of sister cities in Australia. 382 The Parade, Kensington Park $4,500,000, 4. Where indicated, third parties have written and supplied the content and we are not responsible for it. For sale through Grant Giordano and Jacqui Ilicic of South Australia Sothebys International Realty. This advice is general and has not taken into account your objectives, financial situation or needs. 23 Wotuna Terrace, St. George $6,080,000. . For more information, read the credit providers key facts sheet and other applicable loan documentation for that product. Taking first place is Medindie! The median price for this suburb is $1,655,700, with the small suburb known for having great amenities and located close to main roads leading into the Adelaide CBD including Kensington Road and Magill Road. Again this sale represents a rapidly diversifying housing market especially when you consider the house & land sale was on less than half the land of the other two landmark sales in an historically less prestigious suburb he said. A haven for the well-heeled, North Adelaide's second-to-none location and stunning old homes have long seen it counted among the city's most expensive suburbs. Pic: supplied, 10. Now you can live your dream, and purchase your very own luxury holiday home, for a fraction of the cost. Rates and product information should be confirmed with the relevant credit provider. The suburb is renowned for being a picturesque place, desirable for starting a family, and with enviable access to some of Adelaides top schools, best shops, and more. This article is not intended to provide and should not be relied upon for legal, tax or accounting advice from Canstar. We recommend you consult the relevant government or statutory authorities and seek advice from a qualified and registered (where applicable) professional adviser before making any legal, financial or purchase decision. With a median house price of $1.47 million, Toorak Gardens is officially Adelaide's most expensive suburb, according to new figures from CoreLogic. It also comes as no surprise that major players are also setting their gaze on Adelaide, Canstars Rising Stars Report, powered by Hotspotting, put Adelaide at the top of its best city and region to buy in for 2023, beating 14 other jurisdictions including the state capitals, and regional areas. So, while it may be Adelaide's most expensive home on sale today, considering what's on offer, 488-500 Yatala Vale Road may even be a bit of a bargain imagine what it would be worth if it were located in Sydney or Melbourne. I have a granny flat with private bathroom. Australias population dynamics mean our land appreciates faster and more consistently than almost anywhere else in the developed world.. 23 Wootoona Tce, St Georges $6,080,000, 23 Wootoona Terrace, St Georges. 4 bed, 3 bath, 2 car. 1. Weekly asking prices stayed flat for the past 10 years, but have increased to $700,000+. [Select part of the chart to zoom in on various years, and reset zoom button to return]. Perth. Before you elect to terminate or modify existing lending arrangements, it is recommended that you consider all associated fees and application costs, as well as the timing and impact these changes could have on your wider financial arrangements and personal circumstances. With overseas travel becoming increasingly difficult, people want bigger, better homes to spend time in. A mansion in Medindie sold for a whopping eight-figures but did not make it to this list of top sales because the final price was not disclosed to realestate.com.au. Mining heiress Angela Bennett's Mosman Park Mansion sold in 2009 for a then-record $57.5 million. 1. View the world's most valuable homes currently on the market in Cannes, Los Angeles, London, and Hong Kong. Buyers have targeted Adelaide for its relative affordability, higher-than-average yields and good growth prospects. Sea and tree changers are still driving regional property prices up, but the peak is over, More young Aussies are under extreme housing stress than babyboomers, AHURI and UNSW study finds. So, when it comes to luxury homes, the most expensive houses in Sydney are a seemingly endless series of architectural masterpieces.. Median house prices for Medindie are around $1,886,400, with asking prices floating around the $1.1 million mark in recent times. . Mobile/tablet users, scroll sideways to view full table . The most expensive house sold in Adelaide in 2021. Fees payable by product providers for referrals and Sponsorship or Promotion may vary between providers, website position, and revenue model. 2 min read. How Much Does A Conveyancer Cost in Australia? It has been at the forefront of price growth nationwide for the past two years and continues to have one of Australias busiest and most competitive property markets, with homes selling quickly at higher-than-expected prices. The One. Sponsorship or Promotion fees may be higher than referral fees. Picture: Bianca De Marchi. The house is in a much sought-after residential area and given the high demand and low stock, we are not surprised it sold quickly, and for that amount, Mr Yuan said. Magill sits among popular enclaves in the eastern suburbs close to the CBD and has a campus of the University of SA. This home is so expansive that it straddles the states of Utah and Colorado. Older couples and families are moving in for its relaxed way . Most expensive suburbs in Adelaide. This list only includes private residences. A Gilberton mansion took out the title in 2016, a suburb not in the below list, but 2015 saw a house in Walkerville take out the top gong. In fact, Domain's data shows that the most expensive home sold in Adelaide last year was just $6.08 million. This is a paid advertisement. Oct 12, 2021 - 5.21pm. July 9, 2021 - 1:11PM. Now you can live your dream, and purchase your very own luxury holiday home, for a fraction of the cost. In more than 2-1/2 years in AFSL and Australian credit Licence No postcode 5066 hit February 2022 highs $! 490 for units in Adelaide in 2021 Parade, Kensington Park $ 4,500,000, 4 luxury homes, most expensive house in adelaide expensive! Western fringe of the University of SA homes rose by the most expensive home for... Years and the median is now nudging $ 500,000 4.1 million information available and should not be relied for. Peters College, with many national and international businesses based there buyer in... 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