23 Wotuna Terrace, St. George $6,080,000. Pictured: 95 Jeffcott Street, North Adelaide. West Beach is a wonderful family friendly suburb located between Henley and Glenelg. That may still sound like a lot, but when you consider Melbourne's most expensive property sold in 2021, 47 Lansell Road in Toorak, changed hands for $43.1 million, and Sydney's priciest property sold was a penthouse in ANZ Tower that went for $60 million Adelaide has some catching up to do. 25 Wootoona Tce, St Georges $4,108,888, 25 Wootoona Tce, St Georges. The suburb is known for having larger blocks, and is regarded as an upper class suburb. Fitzroy is also an affluent suburb in Adelaide, located some 4 kilometres north of the Adelaide CBD, and borders North Adelaide. Asking prices for the postcode 5066, according to SQM, ticked over $1 million late in 2022, but has since dropped back to the mid $850,000s. Consider whether this advice is right for you, having regard to your own objectives, financial situation and needs. Distance: 2.8km from the CBD Rent average: $200/week private room. Fees payable by product providers for referrals and Sponsorship or Promotion may vary between providers, website position, and revenue model. The suburb is just south of Hazelwood Park, another suburb on this list, both of which are located in close proximity to the Adelaide Hills. Just to the east of Fitzroy, Medindie is also north of the Adelaide CBD, and sits on the fringe of North Adelaide. They may appear in a number of areas of the website such as in comparison tables, on hub pages and in articles. And those in $3m and $5m . We sold five homes just last week with prices over $5m but we didnt disclose that, Mr Williams said. This particular location seems to have attracted cashed-up buyers with the neighbouring house at 25 Wootoona Tce being sold for a verified $4,108,888. Buyer activity in Kurralta Park has doubled in the past 18 months and prices have surged. Buyers have targeted Adelaide for its relative affordability, higher-than-average yields and good growth prospects. Unley Park has a median house price of $2,034,300, with SQM data showing house prices as high as $2.1 million in December. Adelaides most expensive house in 2019 was situated at 81 Seaview Road in Tennyson, ranked twelfth on the list below. A glamorous mansion on the Gold Coast is the most expensive home ever auctioned in Queensland and the second priciest to go under the hammer in Australian history, after a cash offer of $42 million was accepted. Consider the product disclosure statement before making a purchase decision. 20 Mar 2022. Serenity Homes. With a median house price of $1.47 million, Toorak Gardens is officially Adelaide's most expensive suburb, according to new figures from CoreLogic. 30-34 Hall Street, Semaphore sold for $2.625 million. Review Summary; Specifications; Customer Service. Luxury Portfolio International Belle Property Australia. Asking prices were as high as $2.1 million in November last year. Picture: Bianca De Marchi. In April of 2019, this seven-bedroom, eight-bathroom home in the north west suburb of Tennyson sold for $5.2 million, by Mr Giordano. Aptly named, the streets of this covetable inner suburb are lined with treesand residential gardens. Many borrowers will feel mortgage pain when they next refinance. ^Monthly repayments based on a loan amount per the median property price less the applicable deposit amount, the average variable interest rate, and monthly principal & interest repayments made over a total loan term of 30 years. The stamp duty alone works out to be what the median price for a property would be in South . Pic: supplied. Grant Giordano of South Australia Sotheby's International Realty told WILLIAMS MEDIA the Adelaide property market is a great investment option. 47, sits on 3300 sq m of choice Toorak acreage. The median house price is $2,019,600, with weekly asking prices around $1.3 million, again the weekly asking price includes data from other suburbs under the postcode 5069. Sold by Sally Cameron of Toop & Toop, as seen on Luxury List. 253 Short Rd, Penfield Gardens sold for $2.325 million. Springfield is inner southern suburbs close to private schools, Scotch College and Mercedes. The extension of rail links and the Southern Expressway upgrade, coupled with the Exodus to Affordable Lifestyle trend, lifted demand in Seaford, Seaford Meadows, Seaford Heights and Seaford Rise. While beachside homes have been always been in demand, the majority of properties topping this years list of premium prices are in inner city suburbs. And keep reading to find out the richest Adelaide suburbs following Medindie. The vacancy rate is 0.3% and rents have risen 15% in the past year. 20 Fitzroy Tce, Fitzroy sold for $5.55 million. The stone mansion was originally built in 1912 and has a detached guest house, swimming pool and tennis court. The increase in the national house price reflected a sharp rise in Sydney house prices by 1.4% over the February quarter. In 2014, Adelaide house prices rose from an average of $477,000 to $486,000, with the southern capital finishing up 2015 at $490,000. Adelaide was also in the worlds top ten for house price rises, a Knight Frank report released late last year ranked the worlds cities for how much prices rose, with Adelaide taking eighth spot, up 21.3%. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall or rise. Homebuyers are paying in CASH: Retirees and owners who made a profit selling property in more expensive parts of US are snapping up homes in the Southeast - including Augusta where 72% of deals . Pic: supplied. So let's jump in and round up Adelaide's most affluent suburbs right now. The southern penthouse is currently on the market, marketed by Fox Real Estate's Marina Ormsby. I have a house in Adelaide, and whilst I know I can get quotes etc just seeking anyone that has recently built up in Adelaide. The suburb is renowned for being a picturesque place, desirable for starting a family, and with enviable access to some of Adelaides top schools, best shops, and more. I'm out of the loop working overseas but I know building costs have gone crazy. 10 Porter Street, Parkside. Image - Harcourts Pilgrim. Adelaide Crescent Hove. The vacancy rate is 0.3% and rents have risen 15% in the past year. As you'd expect, accommodation close to the city centre is generally the most expensive. Those looking to make the most of the year-round holiday vibe head for Semaphore. Along with the pool, the property has a long driveway and tennis court. Perth house prices also increased over the quarter up by 0.4% with Adelaide steady. According to the press reports, the world's most expensive house is thought to be Buckingham Palace worth $1.55 billion. ATHELSTONE, Australia 38 Tom Packer Drive. 382 The Parade, Kensington Park. Overlooking the North Adelaide Parklands and the CBD, the house sits on a 2,058 sqm block and features a tennis court and sun-bathed heated swimming pool. The most popular property types are House (21 listings) and Apartment (5 listings). 5 Brookside Rd, Springfield sold for $4.6 million. 4 bed, 3 bath, 2 car. The ratings are as follows: Affordable: 3.0 and under. It's taken six years to build, and now a modern mansion at 9 Robe Tce, Medindie, on 4021sq m is finally finished and tipped to break the state's residential . According to the certificate of transfer, the new owners paid a whopping $433,830 in stamp duty and a further $65,867.50 in LTO fees. SQM Research shows that while weekly asking prices for houses were in the $400,000s and early $500,000s for much of the last decade, prices have skyrocketed to more than $700,000. Where indicated, third parties have written and supplied the content and we are not responsible for it. Located just over 30 kilometres from the Adelaide CBD, the suburb of Elizabeth North formed a part of the now-defunct City of Elizabeth when it was established as a residential suburb in the late 1950s. Rents have risen 15% in the past 12 months. 1) Fairwater, Point Piper. East of the Adelaide CBD, Toorak Gardens has a median house price of $2,254,700, with SQMs weekly asking prices reaching $1.7 million in December last year (the asking price is for postcode 5065, which includes other suburbs). 20 Wolseley Road, Point Piper, NSW - $45M. Vacancy rates SQM Research as at September 2022. Not only is Adelaide a formidable, world-class city, but it was also ranked one of the top in the world for livability, as ranked by The Economist in 2021. The most expensive house sold in Adelaide in 2018 was actually a penthouse; the northern one at Parallel Propertys Realm development on Austin Street. And, if anything, 'special' is underselling just how awe-inspiring this one-of-a-kind estate is. Pembroke School. This is well above the $2.95 million it was purchased for in May 2004. Terry has been a specialist researcher and writer on Australian residential property in a career spanning four decades. Across Australia, house values . In fact, Domain's data shows that the most expensive home sold in Adelaide last year was just $6.08 million. From old Victorian and European-styled mansions to modern masterpieces, Medindie has a mansion to cater to your taste. The suburb has a median house price of $1,694,400, with a large park taking up circa one quarter of the suburb. 3. In fact, Domain's data shows that the most expensive home sold in Adelaide last year was just $6.08 million. This list only includes private residences. When it comes to real estate growth, the pandemic, experts say, has not slowed sales down. What are the most expensive house sales in Adelaide? CoreLogics guide to navigating a looming fixed-rate cliff, Lismore flood disaster: one year on but insurance battles ongoing, To-die-for: 5 luxury holiday homes on Sydneys outskirts, that you can now co-own. Hackney also borders Adelaide Park Lands and the Botanic Gardens, with the asking prices around $1.3 million. So, when you see the eye-watering $12 million asking price of 488-500 Yatala Vale Road in the northeastern suburb of Yatala Vale, you know it's going to be something special. AN ADELAIDE CBD mansion has hit the market and is tipped to set a new record as the most expensive house sold in South Australia eclipsing the $6.5 million sale of Glenelg's historic . There are lots of green spaces as well as beaches. A property on Turner Street in Somerton Park, Adelaide, is so badly infested with cats, it's forced two neighbours to sell their homes in the past year alone. With a median house price of $1.47 million, Toorak Gardens is officially Adelaide's most expensive suburb, according to new figures from CoreLogic. It was sold in excess of $7 million with the true amount not being disclosed. So, when it comes to luxury homes, the most expensive houses in Sydney are a seemingly endless series of architectural masterpieces.. 81 Seaview Road Tennyson sold for $5.2 million. 3 Lindsay Avenue, Darling Point NSW - $63-67M. 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