Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Adelaide

Renewal SA has recently announced its plans to purchase the former Adelaide Bus Station site on Franklin Street, which will be developed into a mixed-use site called Tapangka.

Tapangka, which is a Kaurna word that translates to journey, will aim to provide a new approach to city living, inspired by the journey of reconciliation, home ownership, sustainability, and collaboration between the city and the state.

The Adelaide City Council chose Renewal SA as the successful proponent of the 6,850 sqm site, with the group aiming to position the project as one of the most vibrant and inclusive residential developments and precincts in the state.

The project is set to deliver an unprecedented level of affordable housing in Adelaide's CBD, including a blend of long- and short-term housing options, contemporary commercial, civic, and retail spaces.

<img alt="Aerial image of the proposed Franklin Street site" data-entity-type="file" data-entity-uuid="ef320522-b33a-49f5-b751-cc6e7074ef5c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-05%20at%2011.55.28%20am_0.png?VersionId=dExzJD.ilJsUcOitH5SUzlpYYsGMmUkT" />Aerial image of the proposed Franklin Street site. Credit: Renewal SA

Renewal SA’s Manager of Reconciliation and Cultural Heritage, Kiran Dixon said Tapangka sits on the land of the Tarndanyungga, the place of the red kangaroo dreaming.&nbsp;

“This link to heritage will be celebrated in every aspect of Tapangka's development, from it’s planning and design, to it’s ongoing cultural life,” Dixon said.

Woods Bagot were engaged to design the precinct, which will consist of two mixed-use towers with around 392 apartments, accommodating more than 1,000 residents. At least 137 of the apartments (35%) will be affordable, including 51 affordable sale apartments and 86 affordable rental apartments.

With the Tapangka precinct the first CBD location to feature the emerging build-to-rent apartment model, the development will also include a 208-key hotel.

In addition to the apartments and hotel, the precinct will feature a central civic building that will be a place of entertainment, culture, and community. The building will showcase the best of sustainable construction and target carbon neutrality precinct-wide.

Woods Bagot’s Alex Hall said Adelaide is ready for a bold new approach to city living.

“The main attraction of Tapangka will be a signature carbon-neutral civic building. This building will be a place of entertainment, culture and community, and will nourish surrounding business,” Hall said.&nbsp;

Tree-lined laneways or "eat streets" will spill out onto the footpaths between Franklin and Grote streets, offering a combination of casual eateries and sit-down restaurant options both day and night. These streets will be surrounded by a backdrop of living green walls that will provide shade and cooling and mitigate the impacts of the heat-island effect.

<img alt="Render the proposed Franklin Street site" data-entity-type="file" data-entity-uuid="3e493062-131b-4935-92ab-f5b87e8a215d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-05%20at%2011.47.43%20am.png?VersionId=fxQTWTKiSwCmR8O2KqOcIiwqemQ.H.Tx" />Render the proposed "eat streets" within the Franklin Street site. Credit: Renewal SA

Renewal SA Chief Executive, Chris Menz said the site represents a significant economic opportunity for Adelaide and a chance to set a new benchmark for inner-city living.

“We have a target to deliver Adelaide’s first carbon neutral precinct, that will be focussed on connection, lifestyle, culture and growth for our city,” he said

“Tapangka will feature a diverse mix of long and short-term housing options. The precinct will also be a new place to do business, featuring a range of flexible commercial spaces, and crucially it will extend and compliment the Adelaide’s central market experience, and increase visitation to the city.”

The development will also feature extensive public art throughout Tapangka, celebrating the Kaurna culture, and a public open space owned by the City of Adelaide along Grote and Bowen streets will undergo a $1.2 million upgrade by the state as part of the development.

The multi-million-dollar development will become a significant jobs driver for South Australia, with more than 1,300 jobs expected to be generated during the construction period alone. The project will also contribute more than $161 million of Gross Value Add to the state.

Renewal SA has a proven track record of shaping cities and precincts, including urban infill redevelopment at Bowden and the adaptive reuse of the former Mitsubishi car plant in Adelaide's south to create Tonsley Innovation District.

Construction of the Tapangka precinct will be staged and is expected to commence in early 2026 with opportunities for designers, developers and builders to participate in the project. Project completion is anticipated by 2029.

[smartcode_project_cta:default project_id=139948]

alisonwarters@gmail.com

Former Adelaide Bus Station earmarked for major mixed-use redevelopment 

Adelaide has continued to lead the property bounce back with the house price fall expected in Sydney and Melbourne not reaching the South Australian capital.

Adelaide dwelling prices could rise by up to eight per cent growth, SQM Research&rsquo;s&nbsp;Boom and Bust&nbsp;report predicted last November.

Units are expected to yield better results than homes this year, as affordability issues restrict many buyers from entering the property market.

Nonetheless, interstate investor interest has continued, especially as Adelaide rose to be the third most liveable city in the world according to the latest Economist Intelligence Unit&rsquo;s survey.

Urban has wrapped the best apartments on offer across South Australia&#39;s capital.

1. Quayview on Adelphi, Glenelg North 
Developer: Barrio Developments

Offering a collection of 44 apartments, Quayview on Adelphi delivers a collection of 21 unique floorplans and views, catering for every kind of lifestyle.

[smartcode_project:default project_id=9249 project_image_fid=79233]

Positioned on Glenelg North&rsquo;s highly regarded Adelphi Terrace, the architecturally designed development boasts convenience and luxury.

Designed by local designer Tetvs, Quayview offers floor-to-ceiling windows, large balconies, generous living spaces and a communal rooftop garden area.

2. The Brougham, North Adelaide 
Developer: Hindmarsh

Whilst all the apartments at the Brougham have now sold out, a one-of-a-kind residence remains following extensive restoration works.

[smartcode_project:default project_id=26729 project_image_fid=169569]

The three-bedroom, three-bathroom home features an expansive master bedroom suite, a formal lounge and dining area with two-way fireplace, conservatory, study, private courtyards, and secure parking for two vehicles.&nbsp;

Maintaining its original bluestone fa&ccedil;ade, the development is situated in North Adelaide&rsquo;s most premium location, looking over Brougham Gardens and the city beyond.

3. Realm, Adelaide 
Developer: Parallel Property

Featuring some of the city&rsquo;s most expensive apartments, Realm delivers luxurious amenities and quality living to Adelaide&rsquo;s CBD.

[smartcode_project:default project_id=6083 project_image_fid=24425]

Designed by Elenberg Fraser, the slimline and stylish tower rises above the historic Assay House, built in 1858, and comprises a collection of 320 apartments.

The project features an on-site CrossFit gym, 25-metre outdoor pull, yoga studio, large entertaining deck, indoor dining area and Wellness Centre.

4. Klemzig on Fourth, Klemzig 
Developer: Rivergum Homes

Located just six kilometres north of Adelaide, Klemzig on Fourth is a new collection of cleverly designed homes for a youthful, modern lifestyle.

[smartcode_project:default project_id=22074 project_image_fid=36924]

Positioned between the winding paths and foliage of the River Torrens Linear Park Trail and North East Road, the project is ideal for the first home buyer or young family looking for value in today&rsquo;s market.

Designed and built by Rivergum Homes, Klemzig on Fourth offers a unique range of floorplans, styles and living options, without compromising quality, style, space or location.

5. East End, Adelaide 
Developer: Wellstone

East End is a 16-storey building delivered by Wellstone, that delivers 140 modern two and three-bedroom apartments in the heart of Adelaide&rsquo;s East End.

[smartcode_project:default project_id=6087 project_image_fid=24430]

Many of the residences provide 360-degree panoramic cityscapes, including views across parklands and botanical gardens.

Set on Pirie Street, the development is within close proximity to Hutt Street and Rundle Street, a number of transport options and strong educational institutions.

Adelaide has continued to lead the property bounce back with the house price fall expected in Sydney and Melbourne not reaching the South Australian capital

max.kwok_55688

New apartments in the Festival State: The top five off the plan apartments for sale in Adelaide 

EXPERT OBSERVER

Adelaide is the best story in Australian real estate that never gets told. It&rsquo;s our most under-rated market and one that is delivering big time to those smart enough to see its potential.

For any investor who likes great value for money, high rental yields driven by ultra-low vacancy rates and great potential for growth underpinned by a rising economy, then Adelaide needs to be on their list of prime considerations.

My latest quarterly survey of sales activity and prices confirms that Adelaide is the big improver among the city markets. The previous quarterly survey found a record number of rising markets, but this new survey has topped that by a big margin.

Two-thirds of suburbs across the Adelaide metropolitan area now have rising sales activity. The number of rising markets identified in my five most recent quarterly surveys have been 52 62 93 104 125.

The continued rise of the Adelaide market has been led by several municipalities which increased the number of rising suburbs in this survey: Charles Sturt, Campbelltown, Tea Tree Gully, Marion, Onkaparinga, Mitcham, Holdfast Bay and Playford.

[smartcode_project:default project_id=6124 project_image_fid=26465]

But the leading LGA continues to be Port Adelaide Enfield, which has 14 suburbs with rising sales activity, including Blair Athol, Broadview, Croydon Park, Greenacres, Klemzig, North Haven, Windsor Gardens and Royal Park.

Close behind is the City of Marion, where the number of rising suburbs has increased from 8 to 13 in this latest survey. Growth markets include Park Holme, Plympton Park, Glengowrie, Dover Gardens, Mitchell Park and Morphettville.

Another big improver is Charles Sturt, where the number of upwardly-mobile suburbs has jumped from 6 to 12.&nbsp; Tea Tree Gully has almost matched that, with 11 rising suburbs, compared to 6 three months ago.

The LGA of Onkaparinga in the far south of Adelaide continues to feature, with 10 suburbs with improving sales activity, led by Happy Valley with quarterly sales of 38 54 60 79.

[smartcode_project:default project_id=6082 project_image_fid=37152]

There is growing demand in the affordable regions in Adelaide&rsquo;s north: the Playford LGA has rising sales activity in 12 of its 13 suburbs, while nearby Salisbury has 9 rising suburbs.

In the Playford LGA, quarterly sales in Andrews Farm have been 42 54 63 88 while Blakeview has recorded 38 46 49 48 54 67. In the Salisbury LGA, Mawson Lakes has recorded 67 80 87 115 122 and Paralowie has done 41 72 62 80 101.

Other improvers include the LGAs of Campbelltown (7 growth suburbs), Burnside (5), Holdfast Bay (5) and Mitcham (7). In the suburb of Campbelltown, quarterly sales have been 56 60 66 66 86 80 97, while in Somerton Park in Holdfast Bay sales have been 31 40 41 45 59.

Overall, there are 12 municipalities across the Adelaide metro area with at least five growth suburbs.

Prices in Adelaide have responded to the steady uplift in the number of rising suburbs, with 90% of locations across the city recording increases in their median house prices over the past 12 months. A similar number have risen in the most recent quarter.

[smartcode_project:default project_id=27695 project_image_fid=133698]

The most prolific municipality for price growth is the Onkaparinga LGA, noted earlier as an area with growth in the number of suburbs with rising activity: 12 suburbs in this LGA have delivered double-digit growth in their median house prices, led by Seaford (up 19% to $420,000) and Huntfield Heights (up 17% to $335,000). Most of these growth markets have median house prices below $450,000.

The Port Adelaide-Enfield, the leading LGA for the number of rising suburbs based on sales activity, is also seeing strong growth in median prices. Dernancourt ($530,000) and Largs Bay ($655,000) have both increased 18%, while Largs North ($515,000) has grown 17% and Kilburn ($475,000) 16%.

Charles Sturt, noted earlier as an LGA where the number of rising markets has doubled, has good price growth, headed by Henley Beach South (up 20% to $1,060,000), Brompton (up 18% to $595,000) and Grange (up 16% to $830,000).

[smartcode_project:default project_id=27233 project_image_fid=80673]

Suburbs with strong price uplift are distributed right across the Adelaide metropolitan area. Notable performance has occurred in Seacliff (Holdfast Bay), up 25% to $865,000; Toorak Gardens (Burnside), up 23% to $1,600,000; Craigburn Farm (Mitcham), up 22% to $860,000; Lockleys (West Torrens), up 24% to $810,000; and Fullarton (Unley), up 21% to $1,105,000).

In the cheaper areas of the city, Salisbury Downs ($355,000), Salisbury Heights ($455,000), Elizabeth Downs ($210,000) and Munno Para ($295,000) have all risen 16-17%.

But the No.1 suburb for annual growth in median house prices is Walkerville, which has increased 31% to $1,490,000.

Two-thirds of suburbs across the Adelaide metropolitan area now have rising sales activity

terryryder

The rise and rise of Adelaide's property market: Hotspotting's Terry Ryder

Plans have been unveiled to build Adelaide&rsquo;s tallest tower behind the Freemasons Hall.

A 160m-high tower is proposed for North Terrace.

The $120 million proposal includes a mix of hotel, student accommodation, office and hospitality spaces.

The city&rsquo;s Freemasons branch are considering the proposal which would raise funds for repairs to their 1920s heritage-listed building.

The Adelaide Advertiser advised a joint-venture partner was likely to be sought.

It has been estimated around $9 million is needed for rectifications.

The proposal includes 200 hotel rooms and 204 student accommodation beds across at least 33 storeys inspired by the architectural principle of Entasis.

There are plans to build Adelaide’s tallest tower behind Freemasons Hall

jchancellor

Adelaide’s tallest tower set for Freemasons Hall site

Adelaide provides&nbsp;luxury living&nbsp;at an affordable price and, as&nbsp;investors&nbsp;flock to the contemporary city, developers are beginning to offer beautiful projects to meet the demand.

Prices in the South Australian capital are predicted to&nbsp;rise by 10 per cent this year,&nbsp;according to Hotspotting&#39;s Terry Ryder, making now the time to enter the city&#39;s burgeoning luxury property market.

Urban takes a look at four new luxury residences on the market in Adelaide from just $375,000.

1. Quayview on Adelphi, Glenelg North 
Address: 22-23 Adelphi Terrace, Glenelg North SA 5045 
One-bedroom apartments from $375,000

[smartcode_project:default project_id=9249 project_image_fid=37486]

Offering a collection of 44 apartments, delivering a range of 21 unique floorplans and views, Quayview on Adelphi caters for every kind of lifestyle.

Positioned on Glenelg North&rsquo;s highly regarded Adelphi Terrace, the architecturally-designed development boasts convenience and luxury.

Designed by local designer Tetvs, Quayview offers floor-to-ceiling windows, large balconies, generous living spaces and a communal rooftop garden area.

2. Grow at Goodwood 
Address: 136 Goodwood Road, Goodwood SA 5034 
Two-bedroom apartments from $490,000

[smartcode_project:default project_id=27695 project_image_fid=133698]

Delivered by Bud Urban, Grow at Goodwood delivers 18 light-filled two and three-bedroom apartments to Adelaide&rsquo;s inner-south.

The project is moments from the Adelaide CBD and surrounded by a green wedge of landscaped gardens and parklands.

Grow features full-sized kitchens, open floorplans, full-length windows and generous balconies, designed by DKO Architecture.

3. Norwood Walk, Norwood 
Address: 12-14 Elizabeth Street, Norwood SA 5067 
Two-bedroom apartments from $750,000

[smartcode_project:default project_id=26642 project_image_fid=133683]

Consisting of 13 two and three-bedroom apartments, Norwood Walk is Bauhinia Property Development Group&rsquo;s latest South Australian development.

The homes feature a minimalist design, expansive courtyards and covered balconies set amongst Norwood&rsquo;s wide tree-lined boulevards.

Each residence features an open plan living and dining, classic designs and beautiful finishes.

4. Hyde Park Place, Hyde Park 
Address: 248 Unley Road, Hyde Park SA 5061 
Three-bedroom apartments from $609,000

[smartcode_project:default project_id=22019 project_image_fid=80658]

Developed by SA-based property development firm Citify, Hyde Park Place delivers sophistication and elegance to its residents.

The 67-resident project is rooted in a historic bluestone podium and features modern glass windows.

Homebuyers can choose from two design schemes, &#39;Manhattan Modern&#39; or &#39;Hamptons Luxe&#39;, while enjoying the numerous amenities the project has to offer.

Hyde Park Place features a pool and sun deck, gym, sauna and poolside lounge.

Adelaide provides luxury living at an affordable price, and prices are predicted to rise 10 per cent this year

Top luxury apartments for sale in Adelaide from $375,000

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Founded in Adelaide, Woods Bagot is now a global architectural studio with studios spanning across six regions.

The firm, which prioritises “human experience and delivers engaging, future-oriented projects for its clients”, has become synonymous with deeply-considered and innovative design, engaging clients and communities in their design process.

“Prioritisation of experience and liveability shift the definition of residential value from traditional area calculations to quality and flexible functionality”, said Woods Bagot principal Simon Saint.   

Past projects by the firm include the Ivy in Sydney, the Wynyard Walk, which connects Wynyard Station to the Barangaroo waterfront, and the 184-residence mixed-use Collins Arch project in Melbourne.

The architectural firm now has over 60 projects it has designed listed on Urban. Here are six of our favourites that homebuyers can secure via Urban today. 
 

1. Miles Residences, Kirra Point 
Address: Corner Miles Street and Marine Paradise, Kirra QLD 4225 
Two-bedroom apartments from $795,000

[smartcode_project:default project_id=27575]

This Woods Bagot-designed apartment features timber flooring, a flexible open-plan layout and floor-to-ceiling windows.

Delivered by the KTQ Group, the development offers a collection of one, two and three-bedroom apartments on one of Australia’s rare north-facing beaches.

“Considered architecture and thoughtful design capture the north-facing aspect, inviting you to stop, sit back, and soak it all up”, the project marketing reads.

Amenities include multi-purpose rooms, bike and surfboard storage, mezzanine level pool and beachside deck. 
 

2. The Precinct, Mount Pleasant 
Address: 893 Canning Highway, Mount Pleasant WA 6153 
Two-bedroom apartments from $615,000

[smartcode_project:default project_id=8514]

The 22-storey smart building is evidence of the architects considered approach, offering electric car charging points, centralised home automation and E-keys for a modern living experience.

Views in the residences span from Kings Park and the CBD in the north to the converging Swan and Canning Rivers. 
Maximising the Melville Council's $235 million redevelopment vision for this Canning Bridge area, Norup + Wilson deliver Feng Shui infused designs, plenty of off-street parking and low-carbon living. 
 

3. Crest, Burswood 
Address: 120 Goodwood Parade, Burswood WA 6100 
Two-bedroom apartments from $635,0003

[smartcode_project:default project_id=8515]

Another development created in partnership between Norup + Wilson and Woods Bagot is Burswood’s Crest Apartments.

The 21-storey building features spacious living, extensive joinery and views of the surrounding city.

The Crest boasts stylish, bespoke wooden cabinetry and island benches, as well as amenities including a rooftop garden area, outdoor cinema and heated pool. 
 

4. 180 George, Parramatta 
Address: 180 George Street, Parramatta NSW 2150 
Two-bedroom apartments from $715,000

[smartcode_project:default project_id=8590]

Meriton’s world-class 180 George development brings together beautifully designed residences with the ideal lifestyle amenities to suit everyone.

The 767-apartment development features communal open space, including rooftop gardens, a sundrenched podium terrace and a barbeque area.

The 1,200 sqm podium gardens complement the adjoining 58-level hotel suites tower. 
 

5. Penny Place, Adelaide 
Address: 17 Penny Place, Adelaide SA 5000 
Two-bedroom apartments from $607,500

[smartcode_project:default project_id=9286]

Situated in the heart of Adelaide, Penny Place deliver intuitive floorplans and spacious one and two-bedroom apartments.

The collection of 152 apartments extends 23-storeys and offers full-width balconies, internal laundry and panoramic views across the South Australian capital.

In the kitchens, flawless quality persists with Caesarstone kitchen bench top's, Bosch cooktop and oven, Fisher &amp; Paykel dishwasher and feature LED strip lighting in the kitchen. 
 

6. The Standard, South Brisbane 
Address: 13-17 Manning Street, South Brisbane QLD 4101 
Two-bedroom apartments from $699,000

[smartcode_project:default project_id=7500]

The Standard is the newest luxury high-rise in the vibrant South Brisbane, soaring 32 floors above the waterfront suburb by ARIA Developers.

Comprising 260 spacious one, two and three-bedroom apartments, the development offers exclusive amenities, including garden terraces, residents’ bar, sunken lounges, cinema spaces, lap pool and sun-lounges.
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Woods Bagot has become synonymous with deeply-considered and innovative design, engaging clients and communities in their design process

Six properties designed by acclaimed architects Woods Bagot currently selling on Urban

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Adelaide provides luxury living at an affordable price, when compared to cities like Sydney and Melbourne. However, ranking tenth in the Economist's global livability rankings twice in a row, it is no wonder why investors and owner-occupiers are flocking to the South Australian city. 

Adelaide prices are predicted to rise by 10 per cent this year, according to Hotspotting's Terry Ryder, making now the time to enter the city's burgeoning luxury property market.

Urban takes a look at four of Adelaide's most luxurious residences on the market today. 
 

1. <a href="/buildings/realm-9-19-austin-street-adelaide?ref=srp_listview">Realm, Adelaide</a> 
Address: 9-19 Austin Street, Adelaide SA 5000 
Three-bedroom apartments from $2,200,000

[smartcode_project:default project_id=6083]

Delivered by Parallel Property, Realm features 320 apartments in one, two and three-bedroom configurations. Primely positioned in the heart of the Adelaide CBD, the Realm’s three-bedroom apartments

Residents of Realm will have access to the various amenities within the tower designed by Elenberg Fraser. These include a CrossFit gym, 25-metre swimming pool, outdoor entertaining area and wellness centre.

In 2018, Realm’s northern penthouse sold for $5.2 million, breaking the record for the most expensive apartment ever sold off the plan in Adelaide. The southern penthouse is currently on the market, marketed by Fox Real Estate’s Marina Ormsby. 
 

2. <a href="/new-apartments/botten-bowser-69-71-melbourne-street-north-adelaide">Botten + Bowser, North Adelaide</a> 
Address: 69-71 Melbourne Street, North Adelaide SA 5006 
Penthouse apartments from $1,770,000

[smartcode_project:default project_id=27233]

Two penthouses are for sale in Citify’s Botten + Bowser development in North Adelaide. The project boats sustainable design, with low energy features, louvre screening and greenery on each apartment’s balcony.

Located on the sixth floor of the building, the three-bedroom, two-bathroom residences feature gas fireplaces, wraparound balconies and views of parklands, city, Adelaide Hills and beyond. 
 

3. <a href="/buildings/tranquilla-255-military-road-west-lakes-shore">Tranquilla, West Lakes Shores</a> 
Address: 255 Military Road, West Lake Shores SA 5020 
Three-bedroom townhomes from $1,350,000

[smartcode_project:default project_id=21646]

Located on Adelaide’s coast, Tranquilla is a collection of luxury beachside homes delivered by LuxeHaus Developments and Circa Property Group. West Lakes Shore, the quiet hero of Adelaide’s metro coastline, offers an unbeatable coastal location within close proximity to the CBD.

Only two luxury beachfront homes remain within the development. Priced from $1.35 million, the residences feature natural Italian stone surfaces, six-star bathrooms, architectural landscaping and ocean views. 
 

4. <a href="/buildings/two-four-six-246-unley-road-unley">Two Four Six, Unley</a> 
246 Unley Road, Unley SA 5061 
Three-bedroom apartments from $1,350,000

[smartcode_project:default project_id=6124]

Two Four Six offers buyers the chance to secure a luxury apartment in the sought-after suburb of Unley, the most searched suburb for both homes and apartments in Adelaide, according to REA.

Delivered by Catcorp, Two Four Six features large glass balconies, sandstone terraces, floor-to-ceiling windows and ample storage.

NB: This article was updated March 8
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Urban takes a look at four of Adelaide's most luxurious residences on the market today

April 2021: Adelaide's top luxury residences on the market right now

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George J Nowak, of the Charterhill Group, has filed for bankruptcy after the Federal Court in Adelaide froze his assets and those of his wife back in February.
At the time, the <a href="/news/federal-court-freezes-assets-of-charterhills-george-nowak">court had ordered the surrender of their passports, and restricted their travel outside of the country</a>, while ASIC investigated the collapse of the Charterhill Group.
The Charterhill Group specialized in assisting clients to invest in property with their SMSFs. This left nearly $6 million of super at risk.
Macks Advisory’s Peter Ivan Macks has been appointed as Nowak’s trustee, and he has advised that the bankruptcy came following an appointment of liquidators to companies within the Charterhill Group Lending Solutions International Pty Ltd and Nova Real Estate Pty Ltd.
Nowak, who lodged a statement of affairs with the trustee, listed 31 companies he was director and/or shareholder of.
The statement of affairs was signed and dated 30 June 2014, and lodged with the Debtor's Petition on the same day. The Debtor's Petition was accepted on 2 July 2014.
It is noted that unsecured creditors totals approximately $7 million. This includes a claim in his estate, brought by Nova Real Estate’s liquidators – of approximately $6 million.
Investigations are underway, but return to creditors at this stage is unlikely.
The following companies in the Charterhill Group were placed under external control in February:
•    Lending Solutions International Pty Ltd – liquidators appointed (Andrew Heard and Anthony Phillips of Heard Phillips)
•    Nova Real Estate Pty Ltd – external administrators appointed (Andrew Heard and Anthony Phillips of Heard Phillips)
•    EJ Property Developments Pty Ltd – receivers and managers appointed (Michael Basedow and Leigh Prior of Pitcher Partners)
•    Financial Wellness Pty Ltd – receivers and managers appointed (Michael Basedow and Leigh Prior of Pitcher Partners).
YOU MAY ALSO WANT TO READ
Investor update: <a href="/news/investor-update-charterhill-issues-clients-apology-after-closure">Charterhill issues clients apology after closure</a>
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jduke-EHk3XBmHkn

Charterhill's George Nowak files for bankruptcy following liquidation of companies

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Adelaide dwelling values held over June quarter, according to CoreLogic’s latest update report.
The property data firm says that however the unit sector’s performance fell over the quarter.
For more information see the video below:
<iframe src="https://www.youtube.com/embed/ydpoi0iHa1U" frameborder="0" width="450" height="253"></iframe>
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j.ballantyne1990-6AQqhLzZaK

Adelaide housing market update: Tim Lawless

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EXPERT OBSERVER
Adelaide is challenging Canberra as the most consistent market in capital city Australia. It keeps delivering good sales activity and above-average results on house prices – and continues to be our most under-rated market.
You’d never know any of this, as real estate consumers, because of the way mainstream media reports real estate – a focus on median price data to the exclusion of all other market barometers, sweeping generalisations which often discuss Australia as a single market, an obsession with Sydney and Melbourne as the only markets of importance, an annoying tendency to zero in on negatives, and a host of other problems.
Media seldom bothers to discuss Adelaide and when it gets the occasional brief mention it’s usually a generalised “Adelaide prices grew only 1% in the past year” or “the median house price for Adelaide fell 0.3% in the latest quarter”.
This tells us nothing of value – and disguises the multiplicity of scenarios playing out in the markets of the South Australia capital city.
So, for something with a little more depth, that tells you something that actually has value, consider the following:
In the five years Hotspotting has been conducting quarterly surveys of sales activity and price trends, Adelaide has never delivered a poor result. Most cities have had peaks and troughs in that time, but Adelaide just keeps on producing steady markets with consistent demand. 
Seven out of ten Adelaide suburbs have experienced growth in their median house prices in the past 12 months, many of them with rises above 5%. 
The list of suburbs with growth above 15% is dominated by top-end locations, a positive sign for the market overall, which we believe is poised for a significant growth phase.
Hotspotting’s Winter survey has identified 64 Adelaide suburbs with rising sales momentum, the second highest quarterly result for the city since we started the surveys. Over the past couple of years, the number of growth suburbs has been 45, 58, 61, 71, 60, 62 and 64.
Adelaide continues to rank well ahead of Sydney, Melbourne and Brisbane, as well as the recovering Perth market, in terms of the number of growth suburbs – and ahead of most state regional jurisdictions (where many of the strong growth markets are found at present).
There are 10 Local Government Areas across the Adelaide metropolitan area with three or more suburbs with upwardly-mobile markets.
The Marion LGA, a middle-market area in the south-west of Adelaide which has been a market leader for the past 18 months, is once again a standout – one that ranks nationally. It has nine suburbs with rising sales patterns, including Ascot Park, Edwardstown, Glengowrie, Hallett Cove, Marion, O’Halloran Hill and Seacombe Gardens.
The Charles Sturt LGA, which extends north-west from central Adelaide out to the beach areas, is close behind with eight rising suburbs. They include inner-city Brompton (where quarterly sales have been 23, 32, 38 and 50) as well as middle-market suburbs like Findon, Seaton, Flinders Park (quarterly sales 22, 25, 25, 32, 35 and 38), Woodville South and Fulham Gardens. Henley Beach and West Beach also have growth momentum.
Port Adelaide Enfield continues to be a leading precinct, with seven growth suburbs including Croydon Park, Dernancourt, Greenacres, North Haven, Rosewater and Royal Park.
Onkaparinga, which always features in our Adelaide analysis, also has seven suburbs with growth momentum – including Aldinga Beach (where quarterly sales have been 54, 63, 67 and 70), Christies Beach, Hackham, Happy Valley, Old Reynella and Seaford.
Six municipalities have between three and five rising markets each: the Burnside, Holdfast Bay, Mitcham, Salisbury, Unley and West Torrens LGAs.
While sources such as CoreLogic and SQM Research often report annual growth of only 1-2% in Adelaide house prices, these generalised figures disguise individual areas which have done better. Our suburb-by-suburb analysis shows that 70% of Adelaide suburbs have median house prices higher than a year ago - and almost half of those have grown by more than 5%.
Of the 189 Adelaide suburban markets analysed, 54 have grown 5% or more and 64 have increased by less than 5%. There are only 17 suburbs in the Adelaide metropolitan area where median house prices have fallen by more than 5%.
Many of the suburbs with the highest annual growth are towards the upper end of the Adelaide market, headed by North Adelaide (up 29% to $1,075,000), Somerton Park (up 27% to $955,000), Unley (up 14% to $990,000) and Henley Beach South (up 15% to $985,000). Aldgate and Beulah Park, with median house prices in the $800,000s, have both risen 15-16% in the past 12 months.
But there is strong growth also in other price ranges, including Mansfield Park (up 20% to $405,000), Elizabeth North (up 18% to $180,000), Underdale (up 16% to $665,000) and Broadview (up 15% to $570,000).
 
Terry Ryder is the founder of hotspotting.com.au
<a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a>
twitter.com/hotspotting
 
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