Adelaide, Australia
Property prices · 2024 · Oceania
Property price trend in Adelaide (2024–2026)
Property comparison — cities in Australia (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Adelaide |
|---|---|---|---|---|
| Adelaide | AUD 8,500 | AUD 5,600 | AUD 1,900 | — |
| Sydney | AUD 18,500 | AUD 11,500 | AUD 2,800 | +117.6% |
| Melbourne | AUD 14,500 | AUD 9,200 | AUD 2,200 | +70.6% |
| Canberra | AUD 11,000 | AUD 7,200 | AUD 2,200 | +29.4% |
| Gold Coast | AUD 10,200 | AUD 6,700 | AUD 2,100 | +20% |
| Brisbane | AUD 9,800 | AUD 6,500 | AUD 1,800 | +15.3% |
| Perth | AUD 7,800 | AUD 5,200 | AUD 1,600 | -8.2% |
Other Oceania cities (2024)
Frequently asked questions
How much does property cost in Adelaide in 2024?
In Adelaide, the average price per sqm in the city centre is AUD 8,500, and AUD 5,600 outside the centre (2024 data). Prices have risen 9% since 2024.
How much is rent in Adelaide in 2024?
A 1-bedroom apartment in Adelaide rents for approximately AUD 1,900 per month in 2024. A 3-bedroom apartment costs around AUD 3,100/month.
Is it better to buy or rent in Adelaide?
Renting is generally more cost-effective in Adelaide. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.80%.
What are mortgage rates in Australia in 2024?
The average mortgage rate in Australia is approximately 5.80% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Adelaide?
The average property price per square metre in Adelaide city centre is AUD 8,500 in 2024. Outside the centre, expect to pay around AUD 5,600/sqm.