Adelaide’s million-dollar suburbs: from 11 to 147 in ten years

Adelaide had just 11 suburbs in its ‘million dollar club’ a decade ago – that has expanded to almost 150 today.

The latest data from PropTrack shows that there are now 147 suburbs with a median home price of $1 million or more.

Unley Park was the most expensive suburb in 2015, with an average of $1,692,500, followed by College Park ($1,457,500) and Medindie ($1,352 million).

Those suburbs still hold the top three, just in a different order: Medindie leads with an average of $3.29 million, then Unley ($2,850,500) and College Park ($2,782,500).

Industry leaders say it is thanks to price growth over the past five years, since the Covid pandemic, that the once exclusive group has expanded so much.

Andrea Heading, CEO of the Real Estate Institute of South Australia, said Covid not only stimulated this, but “accelerated it”.

She said returning expats and other interstate residents who moved to Adelaide to escape lockdown during the pandemic were largely responsible for the growth.

Unley Park is Adelaide’s second most expensive suburb.

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“They drove it based on the fact that they were selling for a good price where they came from, and when they bought a similar property here it was significantly less,” Ms Heading said.

Strong demand for limited supply following the Covid-19 crisis continued to push up prices, she said.

“The fewer there are, the more competitive it becomes, which also drives up prices,” Heading said.

She said the number of properties with an average price of more than $1 million was “not surprising.”

REISA CEO Andrea Heading.

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“The median continues to rise every quarter – not even up, some years it has risen quite high,” Ms Heading said.

“It will still increase.

“Unless extreme events occur, it should continue to rise, but not dramatically.”

Turner Real Estate director Lachlan Turner said both houses and apartments continued to show strong growth, reaffirming the city’s reputation as “one of Australia’s most stable and affordable markets”.

With listings tight and buyer demand still strong, he said the year would be another strong one for Adelaide.

Turner Real Estate director Lachlan Turner.

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“Confidence remains high across the market and Adelaide is on track to exit 2025 with steady growth and exceptional resilience,” Mr Turner said.

“We continue to see strong engagement from local families, first home buyers and investors who value Adelaide’s liveability, affordability and performance.”

Adelaide’s multi-million dollar precinct

(Suburb, average house price)

Medindie – $3,290,000

Unley Park – $2,850,500

College Park – $2,782,500

Rose Park – $2,675,000

Hyde Park – $2,620,000

Toorak Gardens – $2,619,000

Tusmore – $2,372,500

Malvern – $2,200,000

Somerton Park – $2,200,000

St. Peter’s – $2,050,000

Joslin – $2,045,000

Glenelg South – $2,000,000

Leabrook – $1,962,500

Hazelwood Park – $1,915,000

Millswood – $1,915,000

Erindale – $1,861,000

Royston Park – $1,860,000

Walkerville – $1,850,000

Kensington Gardens – $1,820,000

Netherby – $1,800,000

St. George – $1,800,000

Mitcham – $1,780,000

Dulwich – $1,775,000

Rosslyn Park – $1,775,000

Glenunga – $1,755,000

Trinity Gardens – $1,752,000

Kensington Park – $1,750,000

Westbourne Park – $1,745,000

Henley Beach South – $1,741,000

Collinswood – $1,730,000

Beaumont – $1,710,000

Burnside – $1,710,000

Sea Cliff – $1,710,000

Glenelg East – $1,700,000

Stonyfell – $1,699,000

Hackney – $1,698,000

Hawthorn – $1,680,000

Kingswood – $1,675,000

Unley – $1,660,500

Wattle Park – $1,650,000

Henley Beach – $1,644,500

Fullarton – $1,630,000

Glenelg – $1,630,000

Myrtle Bank – $1,627,500

Aldgate – $1,620,500

Highgate – $1,616,500

Lower Mitcham – $1,615,000

Linden Park – $1,610,000

Norwood – $1,600,000

North Adelaide – $1,587,500

Stirling – $1,582,500

Wayville – $1,580,000

Gilberton – $1,566,400

Beulah Park – $1,565,000

Glen Osmond – $1,557,000

Goodwood – $1,555,000

Colonel Light Gardens – $1,550,000

Fulham – $1,550,000

St. Morris – $1,530,000

West Beach – $1,521,000

Parkside – $1,500,000

Marino – $1,441,500

Grange – $1,440,000

Crafers – $1,430,000

Torrens Park – $1,425,000

Frewville – $1,420,000

Payneham South – $1,400,000

Brighton – $1,399,000

Kingston Park – $1,372,500

Marden – $1,360,000

North Brighton – $1,357,500

South Brighton – $1,355,000

Black Forest – $1,349,300

Glenside – $1,342,944

Craigburn Farm – $1,335,000

Cumberland Park – $1,332,500

Glengowrie – $1,330,000

Teringie – $1,327,500

Semaphore South – $1,325,250

Croydon – $1,322,500

Honor – $1,320,000

Glenelg North – $1,317,500

Nailsworth – $1,316,250

Clarence Gardens – $1,300,000

Fulham Gardens – $1,300,000

Lockleys – $1,297,500

Clapham – $1,289,000

Vale Park – $1,285,000

Tranmere – $1,275,000

West Lakes Shore – $1,275,000

Outlook – $1,270,000

Forestville – $1,262,500

Firle – $1,260,000

Maylands – $1,255,000

Clarence Park – $1,250,000

Western Lakes – $1,250,000

Daw Park – $1,235,000

Hahndorf – $1,225,000

Belair – $1,210,004

Kensington – $1,208,750

Glynde – $1,205,000

Hove – $1,205,000

Seacliff Park – $1,200,500

Glandore – $1,200,250

Crafers West – $1,200,000

Semaphore – $1,200,000

Woodville – $1,200,000

Panorama – $1,192,500

Kidman Park – $1,190,000

Magill – $1,169,000

Novar Gardens – $1,160,000

Felixstow – $1,150,500

Upper Sturt – $1,150,000

Warradale – $1,147,000

Hawthorndene – $1,121,500

Evandale – $1,100,000

Gawler Belt – $1,100,000

Woodville Park – $1,100,000

Manningham – $1,090,500

Eden Hills – $1,090,000

Underdale – $1,090,000

Sefton Park – $1,084,500

Flinders Park – $1,080,000

Heathfield – $1,080,000

Hectorville – $1,080,000

Allenby Gardens – $1,077,500

Rostrevor – $1,072,500

West Croydon – $1,065,000

Blackwood – $1,055,000

Torrensville – $1,055,000

End Mile – $1,050,000

Plympton Park – $1,050,000

Melrose Park – $1,049,000

Broadview – $1,040,000

Bellevue Heights – $1,035,000

Welland – $1,032,500

West Hindmarsh – $1,022,500

North Plymouth – $1,020,000

McLaren flat – $1,018,000

Gulfview Heights – $1,015,000

Hampstead Gardens – $1,012,500

Adelaide – $1,010,000

Walkley Heights – $1,010,000

Ovingham – $1,005,000

South Plympton – $1,005,000

Littlehampton – $1,000,000

Source: PropTrack