Adelaide Real Estate in 2024: Milestones and Trends That Shaped the Year
Adelaide’s property market in 2024 showcased resilience and growth, securing its place as a standout performer in Australia’s real estate sector. Despite broader economic challenges, the city’s property values climbed steadily, with CoreLogic reporting consistent monthly increases in dwelling values with an annualised growth rate of 13.24%.
Several suburbs joined the coveted ‘million-dollar club,’ including West Lakes, Tranmere, and Henley Beach, reflecting Adelaide’s rising appeal among lifestyle and investment buyers. Unley Park also made headlines with a record-breaking $12.5 million sale, highlighting demand for premium properties.
While high-end markets flourished, suburbs like Munno Para and Elizabeth South offered strong growth opportunities, with value increases of over 35%. These areas remain attractive to first-time buyers and investors seeking affordability and future capital gains.
Adelaide’s unique blend of affordability, lifestyle appeal, and steady growth has made it a prime destination for diverse buyers, with 2024 marking a year of significant milestones across the market.
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