Ray White Now | September 2021 | Page 18

REGIONAL SOUTH AUSTRALIA - THE SOUTH-EAST TOPS THE LIST FOR GROWTH
Adelaide has outpaced regional South Australia for price growth however parts of the state are seeing particularly strong conditions . Topping the list is the south-east where the median price has increased by nearly $ 50,000 over the pandemic .
South Australia ' s south-east topping the list for price growth
Value change over the pandemic for South Australia
State
Jul-21
$ change
South Australia - South East
SA
$ 331,872
49,231
Barossa - Yorke - Mid North
SA
$ 278,973
30,686
South Australia - Outback
SA
$ 206,691
22,100
Although at a high level , regional areas have been outpaced by Adelaide , there have been some locations that have experienced particularly strong increases . The majority of these are located on the Fleurieu Peninsula and Port Pirie . The drivers of growth here are very different . The Fleurieu Peninsula is a popular holiday destination and has benefited from both people seeking a lifestyle change , as well demand for second homes . Port Pirie is a mining region and Risdon Park is a suburb of Port Pirie , home to one of the world ’ s largest lead smelters .
Fleurieu Peninsula and Port Pirie dominate very high price growth towns
Top price growth for regional South Australia
Region Median Price % change Risdon Park Port Pirie $ 180,000 50 Streaky Bay West Coast $ 319,500 39
Stirling North
Flinders ​ Ranges
$ 312,250 33
Peterborough Port Pirie $ 90,000 30
Goolwa Beach
Fleurieu ​ Peninsula
$ 384,050 29
Coober Pedy Far North $ 65,000 26
Middleton
Milang
Ardrossan
Fleurieu ​ Peninsula
Fleurieu ​ Peninsula
Yorke ​ Peninsula
$ 657,500 25
$ 318,500 24
$ 277,000 23
Riverton Lower North $ 276,000 23
Source : ​ ​Corelogic , Ray White 18