Adelaide house prices push through ceiling, but first-time buyers hoping for rate-rise relief

Adelaide house prices have scaled new heights in the most recent quarter, with the median hitting $650,000 amid similar growth in regional South Australia.Prices more than doubled in several suburbs

In the same 12-month period, the median price in non-metropolitan areas areas increased by more than $40,000 to reach $325,000.The median more than doubled in several Adelaide suburbs including Torrens Park and Port Noarlunga, while the figure for Norwood increased by more than $700,000 to $1.7 million.

"We've had a look at a couple — been really, really invested and emotionally attached to them — and the price guide's sort of within what we're looking for, and then we get to possibly an auction and it goes way above what we're looking for," she said.She said she was hoping for the impacts of the rate rise to become evident in "the next couple of months".

Rubbish. Suburbs with 100% price increases ! Data base on 1 sold house in a suburb. It’s not data - it’s a spin I would expect better from abc on property

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