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Reserve Bank rate cut forecast linked to Melb auction results that shot $300,000 past reserve

16 Station St, Coburg - for herald sun real estate

16 Station St, Coburg, sold for almost $300,000 above its reserve in a shock result.

Multiple Melbourne homeowners have been left with shock home sale results that will see them walk away six figures better off than expected.

In one of yesterday’s most unexpected sales, a four-bedroom Victorian era house delivered a $1.175m result despite only having an $880,000 reserve price.

In its first sale since 1946, the 16 Station St, Coburg, home had been the residence of the same family since the 1930s — when the moved in to it as tenants, before going on to purchase it off their landlord.

RELATED: See what your suburb or town will be worth in 2030: PropTrack

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Bushranger Ned Kelly, The Block’s Danny Wallis in Melbourne auction action


Nelson Alexander’s Ryan Currie recorded an $840,000 opening bid, with five bidders subsequently jumping in.

In the end the bidding came down to a couple with a chihuahua, and a young man with his parents in tow.

It went to the couple, but that didn’t stop the underbidder heartily congratulating them afterwards.

But Mr Currie said even more prospective bidders had cooled on the property overnight before the auction, choosing not to bid.

16 Station St, Coburg - for herald sun real estate

Savvy updates have helped make the home appeal to modern buyers after close to a decade hosting the same family.

16 Station St, Coburg - for herald sun real estate

Inside the Station St, Coburg, home has an array of period features still on display.

“It had the train line behind it, and while it had good bones, a number of people decided not to go so hard,” he said.

Mr Currie added that it seemed with the prospect of an interest-rate cut in a week’s time while some buyers had lost their nerve, a result $295,000 above expectations showed others had clearly felt that now was the time.

Another blow out result in Ferntree Gully also left the vendors and agents in shock, in a further sign the market is anticipating home values to rise with future rate cuts.

Jellis Craig’s Andrew Luke had four bidders pursue 27 Stringybark Close, three of them downsizers.

“And they were cashed up and just ready to go,” Mr Luke said.

While the home had a $1.4m reserve, the top of its price guide, the buyers had other ideas — driving the sale to a whopping $1.78m.

27 Stringybark Close, Forest Hill - for herald sun real estate

A single-level floorplan helped 27 Stringybark Close appeal to multiple downsizers who pushed the auction far past expectations.

27 Stringybark Close, Forest Hill - for herald sun real estate

Inside, the home is ready to go for its new owners — including charming roof and wall features.

“All of the buyers had said prior they couldn’t go much past the advertised price,” he said. “But in my preamble I said to everyone ‘buy now’, as if it’s a half a per cent cut in May, we know that when interest rates go down, prices go up.”

The agent added that home sellers with a single-level floorplan were particularly well placed for strong sales.


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MORE: Toorak: Luxe retail and office hub could sell for $200m

Melbourne real estate: The latest auction and sales results for week ending May 10

Expert tips Melbourne’s best first-home buyer after election

The post Reserve Bank rate cut forecast linked to Melb auction results that shot $300,000 past reserve appeared first on realestate.com.au.

May 11, 2025/0 Comments/by JKents
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Insurance a top concern as experts predict higher premiums

Over 55 percent of agents who were recently surveyed by the California Association of Realtors said access to homeowners insurance was their No. 1 concern, more than double from last year.

May 10, 2025/0 Comments/by JKents
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CoStar Group to acquire REA Group competitor Domain for $1.9B

Two months after purchasing a 17 percent stake in REA Group competitor Domain, CoStar Group has reached an acquisition deal of $1.9 billion. The bid still faces approval from Domain shareholders and Australian officials.

May 10, 2025/0 Comments/by JKents
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ARKI, AI building productivity solution, launches US operations

ARKI, a company that leverages artificial intelligence to improve how construction, engineering and architectural systems collaborate, has announced its arrival in the United States.

May 10, 2025/0 Comments/by JKents
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Manly Sea Eagles owner’s $17m home for sale

The co-owner of the Manly Warringah Sea Eagles has put his stunning luxury home up for sale, and at $17m, it’s already being offered at a discount.

The co-owner of Manly Warringah Sea Eagles has dropped the price of his stunning Bellevue Hill mansion.

There were hopes of more than $20m when the five-bedroom residence with iconic Sydney views at 5 Bulkara Rd first hit the market last October.

But there were no bites and the guide is now $16.5-$17.5m via Ray White Double Bay’s Di Wilson and Ashley Bierman.

There were hopes of more than $20m when the Bulkara Rd, Bellevue Hill home was first offered last October.

The home is in the name of Michele Brooks, wife of Andrew Michael who has a share in the Sea Eagles alongside the NRL club’s chairman Scott Penn.

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The home was renovated about a decade ago and features multiple highly desirable dining options.

Andrew Michael. Picture: LinkedIn

NRL Rd 20 - Sea Eagles v Roosters

Daly Cherry-Evans of the Sea Eagles with chairman of the Manly Warringah Sea Eagles Scott Penn, who owns the club alongside Andrew Michael. Photo by Cameron Spencer/Getty Images.

Michael, who has more than 40 years in the fashion industry as the director at Apparel Group, and his wife have been revealed as buyers of a $24m penthouse at the luxury Billyard Ave development in Elizabeth Bay.

The couple had bought the original home on the 967 sqm block in Bulkara Rd for $1,575,000 in 1997, but later rebuilt and then renovated again a decade ago.

The impressive Arendt and Pyke-designed residence features stylish open-plan living spaces, large open-air courtyards, designer bathrooms and in-ground swimming pool.

MORE: What homes will likely be worth in each Sydney suburb by 2030

Open-plan living spaces.

Impressive designer finishes.


The house is all on one level and comes with a gourmet marble kitchen with butlers pantry and well-designed bedrooms and a bespoke home office.

It’s in one of the best streets in Bellevue Hill and has views over Double Bay, the Harbour Bridge, the city and Bondi Junction skylines.

It’s also close to all the best private schools in the East.

MORE: Telco CEO pays $12.1m record for house with no parking

The post Manly Sea Eagles owner’s $17m home for sale appeared first on realestate.com.au.

May 10, 2025/0 Comments/by JKents
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Ticketmaster boss Gavin Taylor selling ‘house-size’ apartment featuring a built-in bar

17 of 73 Queens Rd, Melbourne - FOR HERALD SUN REAL ESTATE. LEAVE STREET ADDRESS OUT OF PUBLICATION.

Ticketmaster head honcho Gavin Taylor has listed the Melbourne apartment where he and his family have lived with their pet dog Alby (pictured) for the past four years.

Ticketmaster boss Gavin Taylor is selling his “house-size” Melbourne apartment with a

$1.2m-$1.32m price tag.

Mr Taylor was appointed as the ticketing platform’s chief executive since 2021, the same year that he purchased the three-bedroom home located in a complex opposite Albert Park Lake.

He previously served as the West Australian Football Commission’s chief executive and has held a number of other sports and health-related positions.

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RT Edgar’s Chelsie Cargill said that Mr Taylor had lived at the 170sq m abode with his family and their pet dog Alby, who features in some of the listing photos.

“This is a hard-to-find, house-size apartment that truly stands out for its amazing size and space – a rare gem in today’s market,” Ms Cargill said.

Since buying the residence, the Taylors have extensively renovated it.

“The wow factor is in the open-plan living and kitchen area,” Ms Cargill said.

“They gutted the apartment and put in a new kitchen, bathrooms and laundry.”

17 of 73 Queens Rd, Melbourne - FOR HERALD SUN REAL ESTATE. LEAVE STREET ADDRESS OUT OF PUBLICATION.

A 90cm induction cooktop and oven, dishwasher, large engineered stone benchtops and filtered water tap feature in he kitchen.

Cbus Stadium general manager Kristian Blundell, Experience Gold Coast CEO John Warn, acting Gold Coast mayor Donna Gates and Ticketmaster Australia’s chief executive Gavin Taylor announce Green Day’s 2025 Australia tour. Picture: Andrew Potts.

17 of 73 Queens Rd, Melbourne - FOR HERALD SUN REAL ESTATE. LEAVE STREET ADDRESS OUT OF PUBLICATION.

Green views from the living and dining area.

Showcasing high ceilings and large windows, the northwest-facing living and dining area has a fireplace and built-in bar.

In the kitchen there’s a 90cm induction cooktop and oven, dishwasher, large engineered stone benchtops and filtered water tap.

Views of Albert Park Lake and Melbourne CBD’s skyline can be enjoyed from the kitchen’s central bench.

A tiled outdoor entertaining terrace looks over nearby treetops while guests can also take advantage of a powder room separate to the main bathroom.

17 of 73 Queens Rd, Melbourne - FOR HERALD SUN REAL ESTATE. LEAVE STREET ADDRESS OUT OF PUBLICATION.

The apartment has two bathrooms and a separate powder room.

17 of 73 Queens Rd, Melbourne - FOR HERALD SUN REAL ESTATE. LEAVE STREET ADDRESS OUT OF PUBLICATION.

There’s even a bar.

The main bedroom features a walk-in wardrobe and ensuite, while other highlights include a study, double-glazed bedroom windows, ducted heating and cooling, intercom entry, basement parking and access to the complex’s communal pool.

Ms Cargill said she expected interested buyers to include families wanting the convenience of a location close to the city, restaurants, Albert Park Golf Course and Chapel St.

“It may be someone interstate who wants a place in Melbourne for when they travel, obviously you would have first-class seats to watch the Grand Prix from the home,” she said.

The residence will be auctioned at 10am on May 31.


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The post Ticketmaster boss Gavin Taylor selling ‘house-size’ apartment featuring a built-in bar appeared first on realestate.com.au.

May 10, 2025/0 Comments/by JKents
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‘Bittersweet:’ Central Coast man sells late brothers home for $2.353m

A Surry Hills terrace has sold for $2.353m, $253,000 above its reserve.

The two-bedroom residence at 52 Arthur St, sold under the hammer in front of a crowd of almost 100.

With an experienced family-friend bidding strongly on their behalf, a couple came out on top of a total of nine bidders with six of them actively bidding.

The property had a price guide of $1.9m and a reserve of $2.1m.

The vendor, Mark Hillier was selling the property owned by his brother who had recently passed away.

“It’s mixed emotions … I’m extremely happy and relived,” he said.

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Hot Auction in Surry Hills

BresicWhitney’s Thomas McGlynn calls the auction. Picture: Sam Ruttyn

Hot Auction in Surry Hills

A large crowd lined the street to see the terrace sell. Picture: Sam Ruttyn

MORE: What homes will be worth in each suburb by 2030

“It just goes to show all these years, my brother knew what he was doing. “It’s been a year since he passed, I’m really proud of him and eternally grateful for what he did,” he said.

Mr Hillier said his brother had left school at 14 and “worked his tail off,” to build wealth through business ventures and property investment.

“The typical rags to riches through sheer hard work,” he said.

“I’m very happy, I met the couple that bought it and they seem like a really lovely young married couple and it’s their first property,” he said.

Mr Hillier had also recently sold another of his brother’s property’s via BresicWhitney on the same street. The property at 81 Arthur St was a two-bedroom modern terrace which sold in late March for $3.35m.

He planned to gift a large portion the proceeds of both sales to his two sons, to help them get into the property market.

Hot Auction in Surry Hills

Neighbours watch the auction from their window. Picture: Sam Ruttyn

“Prices are too hard for young kids regardless of how diligent they are at saving,” he said.

Mr Hiller praised his agent, BresicWhitney’s Michael Kirk and said “he couldn’t speak highly enough of them.”

“He worked his butt off … he was really honest, he didn’t inflate any pricing, he kept my expectations in check.”

Despite the heated nature of the auction, Mr Kirk said that was a “normal representation of auctions at the moment.”

“For something like this in the heart of the Surry Hills village and now that the election is out of the way and Labor won by a fairly strong margin, there’s a lot more stability,” he said.

Hot Auction in Surry Hills

Inside the Surry Hills terrace that sold for $2.353m. Picture: Sam Ruttyn

Hot Auction in Surry Hills

One of the terrace’s two bedrooms. Picture: Sam Ruttyn

With the hope of rates coming down, Mr Kirk said inquiry levels and open attendance had picked up.

“Surry Hills is continually evolving and we seem to be attracting buyers that historically were focused solely on Paddington, they are coming across to Surry Hills for the light rail that connects you to the city, the new TOGA development and with all the restaurants and dining, we have seen a noticeable transition.”

The median house price in Surry Hills is currently $2.107m, according to PropTrack data.

MORE: New neighbourhood coming to Sydney

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The post ‘Bittersweet:’ Central Coast man sells late brothers home for $2.353m appeared first on realestate.com.au.

May 10, 2025/0 Comments/by JKents
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Bushranger Ned Kelly, The Block’s Danny Wallis in Melbourne auction action

Auction wrap May 10 artwork - for herald sun real estate

High profile auction results are returning to Melbourne’s market, including a sale by The Block serial buyer Danny Wallis and a Benalla property linked to Ned Kelly.

Victoria is on its way to a post-election auction bump, with a second-chance auction for a piece of Ned Kelly history and serial The Block buyer Danny Wallis among the sales action.

PropTrack Data shows the state’s clearance rate today came in at 69 per cent, from 629 recorded results.

Danny Wallis sold his 6 Gray Lane, Albert Park, property for $2.15m, decently above the $1.8m-$1.95m he had been seeking when Whitefox’s Peter Servas sent it under the hammer — and a solid uptick from the $1.8m he paid in 2020.

RELATED: The Block serial buyer Danny Wallis outlines plan to sell Victorian investments

Benalla: Former bootmaker’s shop where Ned Kelly brawled with police awaits a new owner

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Records show Mr Wallis owned the three-bedroom property through his firm DSAH Holdings.

It is the latest in a series of homes he has sold off in response to state government changes to rules around investment properties and landlord requirements in Victoria — including 38A Grey St, St Kilda, which he bought off the hit Channel 9 renovation reality show in 2019.

It became the first home the entrepreneur and businessman sold in response to the government’s changes including increased land tax to recoup Covid-era losses.

Meanwhile, a Benalla property known as the Bootmaker’s Shop, which bushranger Ned Kelly fled to before a violent struggle after escaping from the courthouse over the street in 1877.

It was sold under the hammer for $360,000 after it tested the market for the second time this year.

6 Gray Lane, Albert Park - for herald sun real estate

6 Gray Lane, Albert Park, was sold by entrepreneur and serial The Block buyer Danny Wallis.

6 Gray Lane, Albert Park - for herald sun real estate

The well appointed home is one of many investments Mr Wallis has now sold.

The shop at 64A Arundel St had initially gone under the hammer on April 11, but only attracted one bidder and passed in at $250,000.

A second attempt by Ray White to sell it a month and a federal election later ended with the $360,000 sale of the property to a buyer who indicated they were part of Ned Kelly’s lineage.

Kelly was 16 when he took refuge in the shop, which today has a plaque installed in it to commemorate the bushranger’s visit during which he threatened to shoot constable Thomas Longin after the cop grabbed the criminal’s genitalia.

Kelly later killed the constable in a gunfight known as the Stringybark Incident.

Ray White‘s Shayne McKean handled the listing, while Jeremy Tyrrell called the online auction which attracted three bidders and a result that was “off and running at a price that no one was expecting”.

64A Arundel St, Benalla - for herald sun real estate

The Bootmaker’s Shop at 64A Arundel St, Benalla, has sold for $360,000.

64A Arundel St, Benalla - for herald sun real estate

Inside the building where bushranger Ned Kelly once brawled.

While the original auction might have fallen victim to the typical election “handbrake” on the market, as well as school and public hollidays, the prospect of an interest-rate cut within the fortnight had Mr Tyrrell convinced strong underlying demand from buyers will quickly boost the auction market.

“I think it will only accelerate from here,” he said.

Real Estate Institute of Victoria president Jacob Caine backed the call, indicating that after recent weaker clearance rates today’s 69 per cent figutre showed “it’s back on in Melbourne”.

“And I would expected that we will start to see that clearance rate really strengthen over the weeks and months ahead,” he said. 


Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

MORE: Melbourne real estate: The latest auction and sales results for week ending May 10

Expert tips Melbourne’s best first-home buyer suburbs for first auction weekend after election

Ticketmaster boss Gavin Taylor selling ‘house-size’ apartment featuring a built-in bar

The post Bushranger Ned Kelly, The Block’s Danny Wallis in Melbourne auction action appeared first on realestate.com.au.

May 10, 2025/0 Comments/by JKents
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From Prospect Heights to Prospect Lefferts Garden: We wanted three bedrooms so we could each have a home office

Haley and JP moved to Brooklyn from the Midwest with a methodical plan for buying a place of their own. They spent weekends searching the city for a neighborhood that fit their needs and landed in a new condo building that is still wrapping up construction. Here’s Haley’s story as told to Kelly Kreth.

I was born in Westchester and attended NYU. After graduation, I lived in many places around the U.S.  My partner, JP, was born and raised in Sydney, Australia, and came to the States in his late 20s.

We met in 2018 when we were both living in Columbus, Ohio, and thinking of moving. I had always planned to go back to New York City and JP dreamed of returning to a more urban lifestyle.

I owned a 1919 Arts and Crafts-style house in the walkable Short North Arts District in Columbus for almost 20 years. After completing multiple renovations, I told my friend, a real estate agent, “Someday, someone will come along and make me an offer on this house, and I’ll use it to buy a NYC apartment.”

In spring of 2023 that’s exactly what happened. I received a full-price, all-cash offer of $1,500,000— without the house even being on the market. I felt like the universe was telling me: It is time! JP had recently taken a new, fully remote job, and my 10-year-old consulting practice Storyforge was already location-agnostic.


 

[Editor’s note: “Transitions” features first-person accounts of what it’s like to move from one NYC neighborhood to another. Have a story to share? Drop us an email. We respect all requests for anonymity.]


We rented a two-bedroom, two-bath in Prospect Heights with a plan to eventually buy. The place was 1,000 square feet and the building was new. It had a full staff, roof deck with pool, co-working lounge, and a great gym. The rent was $5,625.

There were several things we really liked: The apartment had in-unit laundry, huge windows, and loads of closets. The building was close to Atlantic Terminal and within walking distance of so much of Brooklyn’s best.

Prospect Heights is a short walk from Prospect Park, Brooklyn Botanical Garden, and Brooklyn Museum, among other greenspaces and cultural destinations. We both practice yoga every day and our favorite studio Brooklyn Flow was nearby.

For pizza, Patsy’s was right around the corner and became a favorite spot, as did Gertrude’s, Brooklyn Academy of Music, and coffee at Milk Bar. The farmer’s market at Grand Army Plaza was a regular Saturday morning ritual.

But there were also aspects we disliked: It had a very small kitchen, which was a big adjustment for me, since I love to cook and host dinner parties. Since we didn’t want to use the bedroom as an office, one of us had to work in the living room. The building was near a fire station and the Barclays Center, where there’s lots of traffic and the noise during rush hour was sometimes unbearable.

What their search was like

Having been owners for many years, we wanted the stability that ownership provides, to be invested in our neighborhood, and have the freedom to make changes to our apartment.

We knew buying in NYC would be different from our experiences buying in other cities. That’s one of the reasons we chose Yianni Vitellas of BOND New York as our agent: he had been an owner and landlord in the Midwest. We knew he’d be able to translate the complexity of the NYC market and purchase process for us.

Using a real estate lawyer was also something new for us; it’s not necessary in other states. I didn’t realize how important and comforting it is to have a legal expert on your side.

We wanted a bigger space for around the same price I received for my Midwest home in a condo or co-op building with few amenities—to keep our monthly costs low.

Also on our must-have list: A walkable neighborhood near the park and subway with small music venues and eclectic food options. We needed space for two people to work from home comfortably. Outdoor space would be a bonus.

We spent all of 2024 exploring neighborhoods, hoping to move in February 2025. If we didn’t find what we wanted, we would rent for another year, which meant a rent increase of 10 percent.

We looked in Manhattan and Brooklyn, then narrowed our search to the neighborhoods surrounding Prospect Park. Prospect Lefferts Gardens ticked most of the boxes for us.

We viewed more than 30 apartments and finally homed in on a three-bedroom, two-and-a-half-bath in a new, 20-unit condo building in Prospect Lefferts Garden with an elevator, virtual concierge, outdoor space, deeded storage, and parking garage.

There’s an abundance of natural light in our new place and the 1,261-square-foot condo feels even larger with big windows that face north and south. It is on the top floor and we have a private terrace and roof deck. The price was $1,550,000, just $50,000 more than what I received for my Ohio home.

Buying in New York is complicated; buying a sponsor unit in a new building is even more so. Our punch list was long and is still being completed four months after closing. For example: one of our neighbors noticed that the bathroom vents were not drawing air because the ventilation shaft is incomplete. 

The plus side is everyone in the building became an owner at roughly the same time, so there’s a great sense of community.

But there’s also a lot of ongoing construction. While the units were completed prior to move-in, the ground-floor commercial spaces are unfinished. The work in the restaurant space is a major disruption for the many WFH owners.

How they feel about the neighborhood

Prospect Lefferts Gardens is part of the larger Flatbush neighborhood, also consisting of Little Caribbean, Lefferts Manor and Little Haiti. Parkside is often considered the southern border of PLG proper. The streets are lined with single-family houses and many blocks are past winners of Brooklyn Botanic Garden’s “Greenest Block in Brooklyn” competition. I love that neighbors stop to say hello.

We are just three blocks from Prospect Park and one block from the 2 and 4 subway lines. We also have the Q, an easy ride into Chinatown, which I love for the view of the Brooklyn Bridge when the train goes above ground. Never gets old.

We knew the move would mean some compromises, and sadly a convenient yoga studio is one of them. We walk 30 minutes each way to get to Arise Yoga in Crown Heights, or even farther across the park to to Brooklyn Flow; we haven’t found our daily yoga home.

There are many shuttered storefronts, but there are a few gems nearby, like an African record store a few blocks away that has been here for 60 years, Granru Market for vintage clothing, and Awesome Brooklyn for cards, gifts, and housewares. The currant bread from Allan’s Bakery is now a regular request from family when we travel home. Our building has happy hours and a team that competes in a weekly trivia competition at Hasenstüble, a nearby beer garden.

We are far from friends on the Upper West Side and the Bronx. Two friends rode 90 minutes each way to come for dinner last weekend, but my cousin now lives a short 10-minute walk away.

We are so into Brooklyn. We love exploring the city and like being owners. We are here to stay!

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May 10, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-05-10 00:06:122025-05-10 00:06:12From Prospect Heights to Prospect Lefferts Garden: We wanted three bedrooms so we could each have a home office

What your home will be worth in SA in 2030 – if history repeats, that is…

If you’re looking to get into the market, you might want to think about doing it soon.

New data analysis by REA Group show if South Australia’s market repeats over the next five years the growth it experienced over the past five, househunters will need a heck of a lot more in savings than they do now.

According to the report, if history repeats, Adelaide’s median house price could increase from its current $841,000 median to a whopping $1.464m, based on the 75 per cent growth it has demonstrated over the past five years.

View the interactive here

Those looking to buy a unit will also need a significantly larger deposit – if unit prices increase by the 64 per cent they have in the past five years, that will take the median from the current $573,000 to an eye-watering $938,000.

This would make Adelaide houses the third-most expensive in the nation, behind Sydney at $2.4m and Brisbane at $1.54m, and units the second-most expensive for that accommodation type, following Brisbane with a $984,000 median.

REA Group Senior Economist Angus Moore said while prices might not repeat what we have seen over the past five years, continued price growth is expected in at least the short term.

“We are expecting that we’re going to continue to see home prices grow this year … and the reason for that is that we’re expecting to see interest rates falling, and that’s going to boost borrowing capacities,” Mr Moore said.

REA Group Senior Economist Angus Moore. Supplied

“However, we’re certainly not expecting to see anything like the pace of growth that we saw in 2021 when prices grew incredibly quickly, or even, you know, the sort of pace that we’ve been seeing in Adelaide and Perth in more recent years.”

“We’re still expecting that Adelaide will do relatively well (compared to other capitals).”

If history repeats, homeowners in Adelaide’s northern suburbs look set to be the biggest winners.

Another 209 per cent increase – the growth seen there over the past five years – would take Davoren Park’s median to $1.578m.

Elizabeth North and Elizabeth Downs houses weren’t far behind, with prices up 197 per cent and 193 per cent respectively.

Edge Realty director Mike Lao, who sells in the northern suburbs said he expected continued value growth in the northern suburbs, but that the pipeline of new homes scheduled during the next five years would temper its rise.

“The market has flattened off a bit from the meteoric rise home values in the north saw at the start of Covid, but they’re still trending upward,” Mr Lao said.

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Mike Lao of Edge Realty. Supplied

“We’ll still see growth over the next five years, but that growth will be naturally limited by the increase in buyer choice due to the enormous number of new homes coming in in that time.”

According to the report, for suburbs to have recorded 30 or more sales during 2024, Hazelwood Park houses would have the state’s highest median house price, increasing 102 per cent from their current $1.91m to $3.852m.

St Peters houses were hot at their heels if their 74 per cent increase is repeated.

It’s current $2.203m median would rise to $3.842m.

What prices will be in 2030 (if history repeats)

Largest growth

Suburb Current median sale price 5 year % change Median sale price in 2030
Davoren Park $511,000 209% $1,578,000
Elizabeth North $468,000 197% $1,388,000
Elizabeth Downs $520,000 193% $1,523,000
Smithfield Plains $522,000 188% $1,504,000
Peterborough $193,000 177% $533,000
Cleve $283,000 175% $778,000
Elizabeth East $546,000 168% $1,461,000
Elizabeth South $480,000 167% $1,280,000
Elizabeth Park $530,000 163% $1,394,000
Hackham West $620,000 158% $1,602,000

Our most valuable suburbs in 2030

Suburb Current median sale price 5 year % change Median sale price in 2030
Hazelwood Park $1,910,000 102% $3,852,000
St Peters $2,203,000 74% $3,842,000
Malvern $2,132,000 76% $3,747,000
Glenelg East $1,650,000 116% $3,570,000
Somerton Park $1,750,000 94% $3,403,000
Hawthorn $1,795,000 88% $3,383,000
Beaumont $1,735,000 93% $3,345,000
Kensington Gardens $1,725,000 86% $3,217,000
Mitcham $1,663,000 91% $3,177,000
Kensington Park $1,670,000 90% $3,176,000

Source: REA Group. All data is for suburbs.

– with Lydia Kellner

The post What your home will be worth in SA in 2030 – if history repeats, that is… appeared first on realestate.com.au.

May 10, 2025/0 Comments/by JKents
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