Where property values have climbed most across South Australia in 2020

Date: 2020-18-12 22:10:01

Unit values in one of Adelaide’s western suburbs have climbed more than any other capital city location across the country this year, new figures reveal.

CoreLogic’s Best of the Best report, released today, shows Findon recorded the highest unit value growth across the country over the past year, notching 22.2 per cent to a median value of $329,158.

Kurralta Park, Henley Beach and Brooklyn Park also made the national list of suburbs with the greatest change in unit values, recording between 16.8 per cent and 12.9 per cent growth.

Nick Psarros said the suburb had been given a new lease on life in recent years.

With lots of new apartments being built in the area, he said plenty of young people were rushing there to buy.

“Findon is a suburb in transition,” he said.

“Because it’s close to the city and the beach and it’s affordable, it’s a haven for young people.”

When it comes to houses, Alberton notched the highest value growth across Adelaide in the past year and ranked seventh on the national list.

Its median house value climbed 18.1 per cent to $475,074.

Mr Psarros said the tightly held area was in strong demand, particularly because it had many historic character homes, which was bumping prices up.

“Alberton is a beautiful area, I call it the North Adelaide of the western suburbs,” he said.

“What’s happening is buyers are restoring the older homes.

“I’ve got a lot of househunters who want to buy in there and I can’t find enough properties.”

Walkley Heights, Maslin Beach, Fulham Gardens and North Haven rounded out the top five Adelaide suburbs with the greatest change in their median house values.

 

 

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