House Price Boom In Adelaide
Nov 10th 2003, 4:15 pm
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House Price Boom In Adelaide
I'm not uaually one to cut and paste, but........
Adelaide, capital of South Australia, is recognised as being one of Australia’s most elegant and well-planned cities. The city is bordered by quiet park-lands and the many art galleries and Festival Centre reflect the city’s dedication to entertainment.
House price rises in suburbs around Adelaide have lead the nation, with major increases and Tranmere has been declared the suburb with Australia’s fastest capital growth.
The small eastern suburb beat more than 7000 nation-wide when it registered an 85 per cent increase in the median price of units during the past 12 months – from $135,000 to $250,000.
Not far behind is Richmond, which has been named as Australia’s fifth-best performing suburb after recording a 76 per cent increase in unit prices.
Overall, South Australia registered half of the nations top 20 fastest growing suburbs including St. Mary’s, Glanville, Pasadena, Henley Beach South, Woodville Gardens, Brooklyn Park, Edwardstown and Glenelg.
“South Australia is one of the fastest growing States in the nation at the moment there’s no doubt about it,� Australian Property Monitors operations manager Louis Christopher said.
Tranmere’s spectacular growth is being attributed to its position nestled beside strong growing suburbs such as Kensington Gardens.
“Ex-Housing Trust timberframe stock has been pushed over to make way for far more attractive townhouse developments because people are recognising Tranmere as a good location,� he said.
Below are the leading suburbs for house/flat prices over the last 12 months in Adelaide, with their position also In Australia.
Median - Median
June02 - June03 - %rise
1 Tranmere - $135,000 - $250,000 - 65
5 Richmond - $108,000 - $190,000 - 76
6 St Mary - $66,000 - $115,000 - 74
8 Glanville - $100,000 - $173,000 - 73
9 Pasadena - $89,000 - $153,000 - 71
10 Henley Beach South- $98,000 - $163,000 - 69
12 Woodville Gardens- $70,000 - $118,000 - 68
13 Brooklyn Park - $79,000 - $130,000 - 65
14 Edwardstown - $70,000 - $115,000 - 64
19 GIeneIg - $214,000 - $346,000 - 61
Source: Home Price Guide Investor
Adelaide, capital of South Australia, is recognised as being one of Australia’s most elegant and well-planned cities. The city is bordered by quiet park-lands and the many art galleries and Festival Centre reflect the city’s dedication to entertainment.
House price rises in suburbs around Adelaide have lead the nation, with major increases and Tranmere has been declared the suburb with Australia’s fastest capital growth.
The small eastern suburb beat more than 7000 nation-wide when it registered an 85 per cent increase in the median price of units during the past 12 months – from $135,000 to $250,000.
Not far behind is Richmond, which has been named as Australia’s fifth-best performing suburb after recording a 76 per cent increase in unit prices.
Overall, South Australia registered half of the nations top 20 fastest growing suburbs including St. Mary’s, Glanville, Pasadena, Henley Beach South, Woodville Gardens, Brooklyn Park, Edwardstown and Glenelg.
“South Australia is one of the fastest growing States in the nation at the moment there’s no doubt about it,� Australian Property Monitors operations manager Louis Christopher said.
Tranmere’s spectacular growth is being attributed to its position nestled beside strong growing suburbs such as Kensington Gardens.
“Ex-Housing Trust timberframe stock has been pushed over to make way for far more attractive townhouse developments because people are recognising Tranmere as a good location,� he said.
Below are the leading suburbs for house/flat prices over the last 12 months in Adelaide, with their position also In Australia.
Median - Median
June02 - June03 - %rise
1 Tranmere - $135,000 - $250,000 - 65
5 Richmond - $108,000 - $190,000 - 76
6 St Mary - $66,000 - $115,000 - 74
8 Glanville - $100,000 - $173,000 - 73
9 Pasadena - $89,000 - $153,000 - 71
10 Henley Beach South- $98,000 - $163,000 - 69
12 Woodville Gardens- $70,000 - $118,000 - 68
13 Brooklyn Park - $79,000 - $130,000 - 65
14 Edwardstown - $70,000 - $115,000 - 64
19 GIeneIg - $214,000 - $346,000 - 61
Source: Home Price Guide Investor
Last edited by SteveBannister; Nov 10th 2003 at 4:20 pm.
