What is the most expensive house in Adelaide? All property prices are as stated by the listing agent. The suburb is home to a selection of stylish and upmarket shops, popular cafes, and is one of Adelaides most desirable suburbs. It is the same postcode as Toorak Gardens, and sits to the west of the number one ranked suburb. So, when you see the $12 million asking price (which includes the furniture) for 488-500 Yatala Vale Road in the north-east suburb of Yatala Vale, you know it . Australias population dynamics mean our land appreciates faster and more consistently than almost anywhere else in the developed world.. With a median house price of $1,009,428, Sydney is the highest priced city in Australia. Adelaides most expensive house for 2022 came with all the trimmings, including an indoor swimming pool and size car garage. Less than 4km from the CBD, it has that quintessential family vibe, with wide streets lined with trees, while its local shops are your . The property also comes with a whopping hangar, which selling agency Giordano & Partners reckon can fit an additional 22 cars (talk about petrolhead heaven). Review Summary; Specifications; Customer Service. The house is in a much sought-after residential area and given the high demand and low stock, we are not surprised it sold quickly, and for that amount, Mr Yuan said. It has been one of the markets most resistant to recent downturn pressures. 44 Church Terrace was sold on 25 September 2015 for $3,588,000. It's south border runs along the Adelaide Park Lands, minutes away from the CBD and walking distance to the North Adelaide shops. 10 Robe Terrace, Medindie $9.25 million. Shortages of rental properties are common across Australia, but there is nowhere quite like Adelaide. Houses in Adelaide rent out for $450 PW with an annual rental yield of 3.8% and units rent for $440 PW with a rental yield of 5.6%. View the world's most valuable homes currently on the market in Cannes, Los Angeles, London, and Hong Kong. The most expensive house sold in Adelaide in 2018 was actually a penthouse; the northern one at Parallel Propertys Realm development on Austin Street. In fact, Domain's data shows that the most expensive home sold in Adelaide last year was just $6.08 million. Read more reviews. It comes as no surprise that the suburbs in the postcode, including: Andrews Farm, Blakeview, Craigmore, Gould Creek, Humbug Scrub, One Tree Hill, Sampson Flat, Smithfield, Smithfield Plains, Uleybury, and Yattalunga, do not feature on the most expensive suburbs list. However, Medindie in Adelaide's north takes the top spot, with house prices averaging just over $1.7 million. London's most expensive house sale lined up after Saudi loan expires. It sits between major retail/commercial nodes at Golden Grove and Salisbury. The sale price is above the $6.2 million it transacted for in 2011. Close to the Mitcham train station, the suburb is south of fourth-ranked Malvern and Unley Park. While some council records were set more than 10 years ago, the majority of top sales were made over the past two years. 34 South Esplanade, Glenelg South $5,100,000, 3. The vacancy rate is 0.3% and rents have risen 15% in the past year. The One. 2. 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. St Peter's College. 5 Scott Creek Rd, Heathfield sold for $4.1 million. 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. Not only does this property support a lifestyle often sought but seldom found; the grand scale of construction makes such an offering irreplaceable in a market where building costs have skyrocketed., Grant Giordano, Giordano & Partners Principal, In essence, the replication for such grandeur, luxury and modernity is no longer attainable financially not to mention the two and half year build time.. Perth house prices also increased over the quarter up by 0.4% with Adelaide steady. 23 Wotuna Terrace, St. George - $6,080,000. Adelaides run of big sales continues, with the sale of a half-finished Leabrook mansion, which has eclipsed the previous state-record holder by $1 million. The suburb is located between the Adelaide CBD and the Adelaide Hills, close to Burnside and Beaumont, the latter featuring seventeenth on this list. It is almost four and a half times more than Leabrooks current median house price of $1.8175 million. Some of the opulent benefits worth mentioning include a professional kitchen with butler's pantry, music studio, billiards room, games room, library, arts and crafts room, theatre room, gym and garage parking for three and that's just on the ground floor. AFCA has reported receiving more than 2,000 insurance complaints from flood victims. 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. Greater Sydney dominated the "most expensive" category, with three of the most expensive house markets located in the area. Pic: supplied. 23 Wotuna Terrace, St. George $6,080,000. Many borrowers will feel mortgage pain when they next refinance. Wow factors include an in-house cinema, a "day spa" including steam and massage rooms, 16-metre infinity pool and a master suite and dressing room the size of most houses. 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 . Picture: Tom Huntley. With a median price of $1,735,400, Walkerville is northeast of the Adelaide CBD, and north of St Peters. Sponsored or Promoted products are clearly disclosed as such on website pages. The Turner Street address, dubbed the . Vacancies are near zero and yields are high. Adelaide Crescent Hove. Find out which suburbs in Adelaide made the top 10 list in Canstars second annual Rising Stars Australian Property Market Report powered by Hotspotting. As mentioned, Fairwater takes out the title of biggest house in Australia. Grant Giordano of South Australia Sotheby's International Realty told WILLIAMS MEDIA the Adelaide property market is a great investment option. Adelaide prices finished 2016 with an average of $500,000, saw out 2017 with an average of $526,000, 2018 was $516,000, 2019 $521,000, and 2020 $536,000. 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. Explore our stunning collection today. According to realestate.com.au, it is the third most expensive home sold for a verified sale of $4,500,000. Prices saw a high point late last year, as high as around $1.3 to $1.4 million for weekly asking prices. Another exclusive suburb, Tennyson occupies a thin strip up and down the coast just north of Grange Beach and south of Semaphore Park. Giordano & Partners have listed potentially the most expensive home ever sold in the state. Keep the conversation going with LUXURY LIST WEEKEND our free newsletter covering Australian luxury real estate. 95-jeffcott-street-north-adelaide-5d371fcf-8014-4788-ad3a-6287a9cae54b.jpg, 145-hill-street-north-adelaide-48b5a706-12fa-4d03-a27f-c93555d104c9.jpg, 12-mills-terrace-north-adelaide-a3931596-82be-4602-abbf-a7f1a8ad0889.jpg, View Grant Giordano's profile on Luxury List, View Graham Bowie's profile on Luxury List, Graham Bowie Sotheby's International Realty South Australia, Grant Giordano South Australia Sothebys International Realty, Jacqui Ilicic South Australia Sothebys International Realty, Property markets perfect storm - Ray White, Brand new Hawthorn East apartments for sale with skyline views - RT Edgar, How fear of failure is causing you to fail, Interconnected Agent Network Overcame State Border Closures, How I made $850,000 before getting out of bed, how you can too. West Creek Ranch, Gateway, Colorado ($279 million) Mansion Global. Adelaide Private School Fees, have been taken from 2019 to 2022. Sponsorship or Promotion fees may be higher than referral fees. Most Expensive: Under $600. Any information or advice of this nature in this piece is provided by the guest author(s) or interviewee(s) alone, and not by Canstar. The suburb is one of Adelaides most prestigious and exclusive suburbs, with the suburb home to the eponymous St Peters College, an Anglican school in Adelaide that recently celebrated its 175th anniversary. According to the realestate.com.au, bagging sixth spot is 17 Andrew Ave in Millswood, which sold for a verified $4,050,000 while 10 Porter Street in Parkside, in ninth spot, saw buyers shell out $3,700,000 for the home. For sale through Sally Cameron of Toop & Toop, as seen on Luxury List. 231 Esplanade, Aldinga Beach $2.05 million. Gilles Plains offers houses in the $500,000s, multiple schools and colleges, a TAFE campus, a golf course and proximity to employment zones. Kurralta Park. The 10 most expensive cities around the world to buy property 2022; . . Many borrowers will feel mortgage pain when they next refinance, Top 20 Most Expensive Suburbs in Adelaide, Get the latest real estate news delivered, Growing market: childcare facilities investment developing, Ko Launches in Southeast Queensland luxury holiday home ownership at a fraction of the price. For sale through Grant Giordano and Jacqui Ilicic of South Australia Sothebys International Realty. 29-31 St Georges Road, Toorak, VIC - $88M. Vacancy rates SQM Research as at September 2022. Theres been a steady rise in buying activity in this highly-regarded suburb over the past 18 months. The sale eclipsed the now third highest sale, historic Glenelg mansion Stormont, which sold for $6.5 million in 2010. What is The Most Expensive House in Adelaide? As the capital of South Australia, Adelaide has many excellent schools, including several private schools with very high fees. For Sale. 2 min read. @paulajothompson. More on this sophisticated suburb below. Canstar provides an information service. The West Torrens LGA thrives on its location next to the Adelaide CBD (to the east) and Adelaide Airport (to the west). Data fromCoreLogic have revealed the top five most expensive 'burbs in Adelaide, ranked according to median house price. It's also been crafted with exacting detail and myriad luxuries commensurate with an asking price roughly four times that of the average Australian's lifetime earning potential. If anything, lockdowns or the thought of isolating at home has made South Australians buy larger estates and invest in spacious homes. Mining heiress Angela Bennett's Mosman Park Mansion sold in 2009 for a then-record $57.5 million. 382 The Parade, Kensington Park. 9. 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. Taking first place is Medindie! Hackney also borders Adelaide Park Lands and the Botanic Gardens, with the asking prices around $1.3 million. Pic: supplied. Adelaide, also known as the city of churches, is famed for the Barossa Valley, McLaren Vale, and one of the few spots you can go cage diving with sharks, albeit that one is a little further afield than Adelaide. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. At this stage in Adelaides collective property journey, two significant houses that have cracked sales prices of $8,000,000 plus have transacted in recent times. Canstar is a comparison website, not a product issuer, so its important to check any product information directly with the provider. Locate south of the Adelaide CBD and close to Unley Park and Malvern, the suburb has great public transport accessibility, unlike most other high-end suburbs. Although national house prices increased over February, prices remained 4.5% lower over the year ending February 2023. Pictured: 23 Coreega Avenue, Springfield. The four-bedroom, double-storey home, built on a spacious 3773sq m allotment, was sold by Brett Pilgrim and Leon Yuan of Harcourts Pilgrim in October this year. Consider the product disclosure statement before making a purchase decision. Homes in the suburb of Millswood are seeing a median of around $1.8 million, with weekly asking prices for the affluent suburb floating around $1.1 to $1.2 million. Get the latest real estate news delivered free to your inbox. Houses are in the $400,000s, there are multiple schools, the Cobbler Creek Recreation Park and proximity to employment zones. AFCA has reported receiving more than 2,000 insurance complaints from flood victims. You may need financial advice from a suitably qualified adviser. Read more about the property here. . Rents have risen 15% in the past year, on the back of a 0.6% vacancy rate. Stay up to date with Australia's most important property news through our free email service. 5 beds. There are many levels of accommodation available in Adelaide, all relatively affordable compared with other Australian capital cities. Pic: supplied. In fact, Domain's data shows that the most expensive home sold in Adelaide last year was just $6.08 million. 1) Fairwater, Point Piper. The median price for this suburb is $1,655,700, with the small suburb known for having great amenities and located close to main roads leading into the Adelaide CBD including Kensington Road and Magill Road. While Toop&Toop Real Estate chairman Anthony Toop who was involved in the transfer stressed it was not technically a sale, it is the highest priced residential property transaction to have been processed by the Land Titles Office. Located on a leafy promenade in St Georges, 23 Wootoona Tce sold for a verified $6,080,000, making it the most expensive home bought in Adelaide in 2021 under those criteria. Sponsorship or Promotion fees may be higher than referral fees. This field is for validation purposes and should be left unchanged. The most expensive suburb to buy into is the leafy and upmarket suburb of Vaucluse, . Aptly named, the streets of this covetable inner suburb are lined with treesand residential gardens. 8. Nearby amenities include The Adelaide Aquatic Centre, North Adelaide Dog Park, and more. Local agent Graham Bowie of Sotheby's Realty South Australia says open homes in these areas attract huge numbers. There are incentives for interstate and international buyers to get a piece of the Australian lifestyle in Adelaide, and investors will get a much higher yield on return in this volatile market," said Mr Giordano. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. 19 Travers Drive, Beaumont $3,700,000, 19 Travers Drive, Beaumont. 165 East Tce, Adelaide sold for $4.75 million. With five bedrooms, four bathrooms, and a garage for six of the suavest sports cars, it transcends its smug surroundings. The Botanic Gardens, and more 19 Travers Drive, Beaumont may be higher than referral fees through Cameron... Find out which suburbs in Adelaide, most expensive house in adelaide according to realestate.com.au, it is the leafy upmarket! 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