5 top-performing South Australian property markets


South Australia has defied the national housing downturn felt throughout 2022 and a new report from InvestorKit identified the top markets in the state.

InvestorKit head of research and founder Arjun Paliwal said the South Australia property market has been performing well relative to other state since 2022 due to several factors, including affordability, economic recovery, improvement in internal migration, and heavy infrastructure investment.

“The top five regions have displayed robust economic growth, with high gross regional product growth and historically low unemployment rates that have remained at their lowest level in the past ten years,” he said.

“They have demonstrated exceptional performance in the preceding year, and based on their economic and property market indicators, it is expected that they will continue to outperform in 2023.”

Each region included in the top performers is given a market performance score out of five, which is based incoming supply, growth cycle, price pressure, rental pressure, and rental yield. All regions listed have a market performance score of at least 4.0.

Here are the top five markets to look out for in South Australia:


Median House Price: $465,500
Rental Yield: Over 4.5%

Barossa is situated 75 kilometres north-east of Adelaide. It experienced a price growth of 13.5% over the last 12 months and 47.8% over the ten-year period.

“Although the sales volume is slowly trending down and the price is not growing as fast as last year, we do not see its growth stopping anytime soon considering the high market pressure and affordability,” Mr Paliwal said.

Barossa’s rental market has also been tight and competitive especially in recent years, with vacancy rates hovering around 0.1%. This supported the surge in rent levels in the region, rising 46.4% over the decade.

The original article can be found here