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Adelaide's fading property boom is hiding a bigger investor story

South Australia's housing market grew strongly over the past year, but REISA says the real opportunity for investors lies in the high-growth corridors where double-digit gains are being backed by substantial sales volumes.

Brighton Esplanade in Adelaide, showing a coastal residential scene with a red-tiled roof brick house.
South Australia’s fundamentals, including undersupply, population growth and comparative affordability, remain solid. (Image source: Mark Heider/Shutterstock.com)

Adelaide housing values grew by 12.6 per cent over the past year, but the statewide headline figure masks pockets of the market where growth is accelerating at a far faster pace, according to the Real Estate Institute of South Australia (REISA).

New second-quarter 2026 figures, sourced from Valuer-General data, show South Australia’s median dwelling value rose 1.4 per cent over the quarter. But REISA Chief Executive Andrea Heading said investors…

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