FY24-25’s eye-watering top 20 home sales revealed by Property Edge

SA’s prestige property market continues to fire on all cylinders, with the top 20 sales of the 2024-25 financial year sporting some truly eyewatering price tags.

According to Property Edge – a division of the South Australian Integrated Land Information System – the top settled residential sale for the past financial year was a whopping $12.5m for a grand villa at 4 Victoria Ave, Unley Park.

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The home – sold by Penny Riggs and Isabela Klemich of Alexander Real Estate, settled on August 14 and eclipsed the $11.2m paid for second-placed neighbour 3 Victoria Ave by a staggering $1.3m.

It also set a new state record for an on-market sale.

Painting a picture of the depth of wealth in SA, and the confidence in top-end property, the 20th placed 155 Barnard St, North Adelaide, which settled in January, sold for an impressive $6.4m.

The list consisted of predominantly near-city blue chip suburbs, with a couple of coastal properties and a hills hideaway rounding also making the list.

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Jamie Brown of Booth & Booth Real Estate, who sold the second, third, fourth, and twelfth-ranked properties on the list, said the prestige market was as well-founded as he has seen it.

“It’s unheard of,” he said.

“There are flagship properties out there now that are worth up to $18m, $20 million, they just haven’t hit the market.

“We’re going to see another echelon of new top-end results fairly soon I think.

“When you start getting eight figure sums from the areas outside of the usual ones – it’s a very wide spectrum and a much bigger pool.

“In the old days it needed someone from left field like an ex-pat to set the pace, but now they’re predominantly Adelaide buyers”.

Stephanie Williams of Williams Real Estate, who also sold four properties on the list, said the past two quarters had been the strongest selling period in her company’s history.

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“South Australia is definitely on fire and it’s continuing – the growth patterns are still strong, the desirability is there and the short supply continues.

“We’re 18 per cent down on stock on market for the same time last year and that’s fuelling these huge prices.”

She said the amount of wealth in the top end was extraordinary, with interest rates having no bearing on their purchases.

“Some of them are cash buyers still, locals doing really well in the wine industry, IT, building, or wellness and health – and interest rates really won’t affect them.

Mrs Williams said there was nothing on the horizon that looked to take the wind out of the prestige market’s sails.

“If anything, with the uncertainties in the world, people come back to what they know and love, that safe haven, and that’s South Australia,” she said.

“Adelaide is just such a beautiful place to live and for that reason an interest rate cut is going to be fantastic, but I think we’re going to still see continuing growth patterns for the years to come.”

SA’S TOP SETTLED SALES FOR FY24-25, ACCORDING TO PROPERTY EDGE

20

$6,400,000

155 Barnard St, North Adelaide

Sold by: Sally Cameron of Toop + Toop

Settled: Jan 27

19

$6,500,000

2A Victoria Ave, Medindie

Sold by: Jordan Begley of Toop + Toop

Settled: May 6

18

2 The Ave, Medindie

$6,600,000

Sold by: Stephanie and John Williams of Williams Real Estate

Settled: November 29

17

114 Mills Tce, North Adelaide

$6,600,000

Sold by: Sally Cameron and Bronte Manuel of Toop + Toop

Settled: February 28

16

1B Victoria Ave, Unley Park

$6,850,000

Sold by: Stephanie and John Williams of Williams Real Estate

Settled: December 11

15

2A Rutland Ave, Unley Park

$6,900,000

Sold by: Stephanie and John Williams of Williams Real Estate

Settled: February 14

14

9 Fairview Rd, Crafers

$6,900,003

Sold by: Arabella Hooper and Taryn Varcoe of Harris Real Estate

Settled: March 5

13

15 Trinity St, College Park

$7,000,000

Sold by: Sally Cameron of Toop + Toop

Settled: October 4

12

1 Stannington Ave, Heathpool

$7,200,000

Sold by: Jamie Brown of Booth Real Estate

Settled: May 28

11

27 Esplanade, Somerton Park

$7,650,000

Sold by: Brad Allan and James Marron of Allan Real Estate

Settled: May 28

10

39 Godfrey Tce, Leabrook

$7,688,000

Sold by: Stephanie and John Williams of Williams Real Estate

Settled: May 2

9

561 Esplanade, Grange

$7,700,000

Sold by: Grant Giordano and Jacqui Ilicic of Giordano & Partners

Settled: April 30

8

16 Dutton Tce, Medindie

$8,300,000

Sold by: Sally Cameron of Toop + Toop

Settled: August 21

7

2-4 (Lot 10) Windsor Ave, Burnside

$8,500,000

Sold by: Sally Cameron of Toop + Toop

Settled: April 14

6

7 Edwin Tce, Gilberton

$8,800,000

Sold by: Sally Cameron of Toop + Toop

Settled: November 20

5

4 Woodland Rd, Springfield

$9,100,000

Sold by: Sally Cameron of Toop + Toop

Settled: March 3

4

12 The Grove, Lower Mitcham

$9,500,000

Sold by: Jamie Brown of Booth Real Estate

Settled: June 6

3

39 Rochester St, Leabrook

$9,750,000

Sold by: Jamie Brown of Booth Real Estate

Settled: April 28

2

3 Victoria Ave, Unley Park

$11,200,000

Sold by: Jamie Brown of Booth Real Estate

Settled: March 21

1

4 Victoria Ave, Unley Park

$12,500,000

Sold by: Penny Riggs and Isabela Klemich of Alexander Real Estate

Settled: August 14

Source: Property Edge

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