As we step into 2025, Adelaide’s property market remains one of Australia’s most compelling, offering homeowners a unique blend of stability, affordability, and lifestyle. TOOP+TOOP’s 2024 Property Market Report distills key insights from the past year to help South Australian homeowners navigate an ever-evolving market with confidence.

From record-breaking growth to shifts in buyer behaviour, here’s what you need to know about 2024—and what it means for your property decisions this year.

1. 2024: A Year of Resilience and Growth

Despite a backdrop of rising interest rates and economic uncertainty, Adelaide’s property market delivered exceptional results:

• House prices rose by 13.24%, bringing the median house price to $865,563

• Unit prices increased by 15.12%, underscoring demand across all property types.

Adelaide’s long-standing reputation for steady, reliable growth continues to attract buyers locally, interstate, and even internationally. This resilience makes it one of Australia’s most consistent markets, offering both homeowners and investors confidence in long-term value.

2. Buyer Demand Outpaces Supply

The competition among buyers remained fierce throughout 2024, with properties spending an average of just 23 days on the market.

• Features such as pools, waterfront views, and high-end finishes topped buyer wish lists.

• Coastal and Hills properties saw heightened demand, with Glenelg South, Stirling, and Crafers leading the way.

Adelaide’s ability to offer a balance of lifestyle and affordability continues to set it apart, making it a sought-after destination for premium buyers.

3. Long-Term Market Stability

Adelaide’s property market remains unmatched in its consistency, even during periods of economic challenge.

• Over the past 43 years, Adelaide has recorded negative growth only twice.

• Major global disruptions, such as the GFC and COVID-19, barely dented the market’s upward trajectory.

This stability is a hallmark of Adelaide’s market, providing homeowners with peace of mind and solid foundations for future growth.

4. Suburb Success Stories

Certain suburbs we identified in 2023, as our 2024 predictions, delivered standout growth, reinforcing Adelaide’s diversity and strength:

• Kilkenny: Gentrification drove an impressive 32% increase in property values.

• West Lakes: Waterfront living delivered 24% growth, attracting premium buyers.

• O’Halloran Hill: Affordable and family-friendly, this suburb grew by 21.1%, appealing to first-home buyers and investors.

5. Trends to Watch in 2025

Using on-the-ground insights and a detailed understanding of Adelaide’s market, our TOOP+TOOP team has identified several suburbs with strong potential for growth in 2025. A few of the highlights include:

• Aldinga: Growing in popularity due to its coastal appeal and expanding infrastructure.

• Bridgewater: A tranquil Hills location attracting families and those seeking a lifestyle change.

• Prospect: With ongoing improvements and its close proximity to the CBD, this suburb is one to watch.

What This Means for South Australian Homeowners

Adelaide’s property market continues to offer unparalleled opportunities, whether you’re considering selling, investing, or simply staying informed. The insights from 2024 highlight the importance of being strategic and informed when making property decisions in 2025.

At TOOP+TOOP, our four decades of experience have given us a deep understanding of Adelaide’s property market. This knowledge, built over years of living and breathing the market, allows us to offer a unique blend of expertise and real-world insight. By combining comprehensive market data with our on-the-ground findings and the experience of a team who have seen many property cycles, we strive to guide South Australians towards the best and most informed property decisions.

For the full 2024 Adelaide Property Market Report and deeper insights into what lies ahead, click here to view