Where rental prices are falling across SA

Rents are surging in many suburbs and towns across South Australia but there are some spots where they are falling just as rapidly.

While latest PropTrack figures show there are 32 areas that have recorded double-digit rent growth over the past year, there are four where rental prices have dropped 10 per cent or more.

Overall, there are 45 suburbs where prices have dipped, according to the data.

Rents for houses in Camden Park recorded the furthest fall, taking its median weekly rent to $540 after a 15.6 per cent drop in the year to August compared to the previous year.

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Henley Beach South houses trailed closely behind, with rents recording a 13.7 per cent decrease.

Houses in Plympton and Plympton Park followed, at 11.8 per cent and 10.3 per cent respectively, while units at Findon, dipping 8.6 per cent, rounded out the top five.

REA Group senior economist Angus Moore said prospective tenants should consider data like this carefully because analysis at a suburb level was much more volatile than at a city level.

However, he said rent growth had slowed compared to a few years ago and market conditions were starting to ease.

“In that environment there will be some pockets where rents have started to pull back,” he said.

“But conditions remain challenging, and availability is still quite limited.

“Even if rents have come back a bit in the past year, looking across the past five years, the trend is still one of much higher rents and difficult rental affordability.”

Despite rents easing in some areas, Turner Real Estate managing director Lachlan Turner said tenants were feeling little relief, with median weekly rents around $688 per week for houses and $537 per week for units, which were up 2 to 3 per cent over the month.

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“With supply pipelines thin and a busy spring leasing season ahead, landlords are likely to retain the upper hand, though an increase in new investor-owned properties coming onto the market post-rate-cut could start to temper rental growth,” he said.

“Overall, expect another quarter of modest price gains and ongoing rental pressure unless fresh stock hits the market in meaningful volumes.”

REA Group senior economist Eleanor Creagh said Adelaide remained one of the country’s toughest rental markets – up there with Perth. – but rents in the capital were expected to start easing, as they have in several other capitals already.

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“Perth is leading annual growth and it looks like (rents in) Adelaide are continuing to increase, but it does look like we may have approached an affordability ceiling,” she said.

“Although we’re seeing the pace of rental price growth ease and pull back in Adelaide and Perth, those markets still remain relatively tight and that’s keeping upward pressure on rents.”

Where SA rents have dropped

(Location, property type, rent/week at August 2025, year-on-year decrease)

Camden Park – house, $540, -15.6 per cent

Henley Beach South – house, $690, -13.7 per cent

Plympton – house, $600, -11.8 per cent

Plympton Park – house, $565,-10.3 per cent

Findon – unit, $453, -8.6 per cent

Semaphore Park – house, $595, -8.5 per cent

Semaphore Park – unit, $498, -7.9 per cent

Whyalla – unit, $250, -7.4 per cent

Glenelg East – house, $650, -7.1 per cent

Glengowrie – house, $650, -7.1 per cent

St Marys – house, $585, -7.1 per cent

North Plympton – house, $595,-7.0 per cent

South Plympton – house, $560, -6.7 per cent

Henley Beach – house, $750, -6.3 per cent

Whyalla Playford – house, $360, -5.9 per cent

Roxby Downs – house, $378, -5.6 per cent

Risdon Park – house, $355, -5.3 per cent

Glenelg North – house, $665, -5.0 per cent

Kurralta Park – house, $648, -4.8 per cent

Port Augusta – unit, $265, -4.5 per cent

Port Augusta West – house, $330, -4.3 per cent

Elizabeth Vale – house, $480, -4.0 per cent

Kensington – unit, $520, -3.7 per cent

Campbelltown – unit, $525, -3.7 per cent

Kent Town – unit, $575, -3.4 per cent

Findon – house, $600, -3.2 per cent

Largs Bay – house, $600, -3.2 per cent

Semaphore – unit, $450, -3.2 per cent

Clearview – house, $605, -3.2 per cent

Port Lincoln – house, $460, -3.2 per cent

Fulham Gardens – house, $680, -2.9 per cent

Park Holme – house, $598, -2.8 per cent

Whyalla – house, $380, -2.6 per cent

Ridgehaven – house, $580, -2.5 per cent

Ferryden Park – house, $585, -2.5 per cent

Virginia – house, $600, -2.4 per cent

Black Forest – unit, $440, -2.2 per cent

Norwood – unit, $550, -1.8 per cent

Holden Hill – house, $590, -1.7 per cent

Port Lincoln – unit, $390, -1.3 per cent

Warradale – house, $623, -1.2 per cent

Kensington Gardens – unit, $500, -1.0 per cent

Clovelly Park – house, $620, -0.8 per cent

Richmond – house, $620, -0.8 per cent

Roxby Downs – unit, $318, -0.8 per cent

– with Lydia Kellner

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