All properties under $1m-plus in South Africa are disclosed

For months now we at the Market have been watching the monthly real estate reports to be able to bring you the news that Adelaide has just under 150 properties with a median of $1m or more.

Last month there were 137. In December there were 148.

This comes after November 147, October 140 and September 141.

Now we can finally say that the number of SA suburbs and towns has surpassed 150 cities or towns with a $1m producer – and a long way to go.

According to the latest PropTrack data, there are now 191 towns or cities with a $1m median.

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That’s up 54 percent from last month — good news for homeowners hoping to get capital appreciation when they sell, but another blow for house hunters hoping to get into the market.

Adelaide’s most expensive suburb is Tennyson, recording a median of $3.48m.

Medindie, on the northern edge of Adelaide, was the second highest, with a median of $3.4m, while Unley Park, south of Adelaide, rounded out the $3m club with a median price of $3.0375m.

Another 13 towns had incomes between $2m and $3m, while at the other end of the spectrum, Flagstaff Hill, Macclesfield, Pasadena, Tooperang and Woodville South and Woodville West all came in at a median of $1m.

Paradise, north-east of Adelaide, could be the first to join next month if house prices continue to rise there, recording an average of $999,500 this month.

Williams Real Estate’s Stephanie Williams, which sells prestigious properties across Adelaide, said the end of the market seemed inevitable.

“There’s a limited supply of luxury homes in South Australia, they’re tightly held, and there are more people looking to buy than there are to sell – that’s not going to change anytime soon,” he said.

“$1m is no longer the basis for a luxury house – $3.5m to $4m.”

He said that although interstate investment was very common in the market, now most of the local people who have money are buying our more expensive homes.

Ray White Unley/Colonel Light Gardens selling agent Joe Marriott said Pasadena, which was listed this month but not last month, said it was a mixed market, with properties ranging from $850,000 to $1m.

“If you’re going to find something in Pasadena for less than $1m, it’s going to need work or it’s going to be in a small area,” he said.

“Pasadena, Panorama and St Mary’s have been renamed Unley High in the last few years and that has helped make them more desirable.”

Pasadena residents Betty and Gabriel Douflias, who sold their 9 Kalka Cres home within 25 years through Mr. Marriott, also say they’ve seen prices go up in that time.

“People have discovered our quiet little place, which is now very popular,” she said.

He said he was hoping to get a bigger price when it sold.

“I hope a good family will buy it because it is a good place for families,” he said.

SA properties $1m+:

Tennyson $3,480,000

Mendidie $3,450,000

Unley Park $3,037,500

Toorak Gardens $2,975,000

Malvern $2,625,000

College Park $2,550,000

Hyde Park $2,500,000

Rose Park $2,500,000

Tusmore $2,422,000

St Peters $2,400,000

Netherby $2,301,000

Joslin $2,112,000

Glenelg South $2,100,000

Somerton Park $2,085,000

Kensington Gardens $2,075,000

Erindale $2,000,000

Collinswood $1,966,000

Springfield $1,950,000

Hazelwood Park $1,912,500

Millswood $1,900,000

Leabrook $1,880,000

Ashton $1,850,000

It’s worth $1,850,000

Kensington Park $1,850,000

St Georges $1,850,000

Walkerville $1,850,000

Glenelg East $1,813,500

Dulwich $1,800,000

Kingswood $1,800,000

Uley $1,800,000

Highgate $1,780,000

Burnside $1,775,000

Rosslyn Park $1,775,000

Henley Beach South $1,765,000

Royston Park $1,758,528

Westbourne Park $1,753,000

Colonel Light Gardens $1,750,000

Wayville $1,750,000

Beaumont $1,720,000

Includes $1,710,000

Glen Osmond $1,700,000

Myrtle Bank $1,700,000

Wattle Park $1,700,000

Goodwood $1,675,000

Hackney $1,674,000

Frewville $1,672,500

Glenelg $1,665,000

Henley Beach $1,630,000

Aldgate $1,625,000

Lynton $1,625,000

North Adelaide $1,620,000

Beulah Park $1,617,500

Linden Park $1,610,000

Carey Gully $1,600,000

Fullarton $1,600,000

Seacliff $1,600,000

Summertown $1,585,000

North Brighton $1,580,000

Hawthorn $1,575,000

Kent Town $1,575,000

Mitcham $1,565,000

Urrbrae $1,560,000

Trinity Gardens $1,557,500

Fulham $1,550,000

Stonyfell $1,550,000

St Morris $1,530,000

West Beach $1,530,000

Collecting $1,525,000

$1,510,000 cash

Mitcham Low $1,510,000

Mylor $1,510,000

Norton Summit $1,502,500

Carrickalinga $1,500,000

It costs $1,500,000

Parkside $1,500,000

Cumberland Park $1,452,500

Lockleys $1,452,500

Gilberton $1,450,000

Nailsworth $1,430,000

Norwood $1,425,000

Craigburn Farm $1,420,000

Payneham South $1,418,000

Torrens Park $1,410,000

Crafts $1,406,000

Clarence Park $1,405,000

Clarence Gardens $1,402,653

Get $1,400,000

Kangarilla $1,400,000

Lower Inman Valley $1,400,000

Brighton $1,399,500

Croydon $1,395,000

Marino $1,386,091

Glenside $1,360,000

Glenelg North $1,355,000

Macdonald Park $1,355,000

Teringie $1,340,000

Vale Park $1,340,000

Maylands $1,332,500

Hope $1,330,000

Marden $1,325,000

Fulham Gardens $1,320,000

Glengowrie $1,320,000

Welland $1,315,000

Daw Park $1,302,000

Finnish $1,300,000

Magill $1,300,000

Tranmere $1,300,000

Upper Sturt $1,300,000

Clapham $1,290,000

South Brighton $1,290,000

West Lakes Shore $1,287,500

Woodville $1,285,000

Heathfield $1,271,000

Semaphore South $1,265,750

West Lakes $1,265,000

Novar Gardens $1,260,000

Hahndorf $1,257,500

Kersbrook $1,250,000

One Tree Hill $1,250,000

Payneham $1,250,000

Kensington $1,241,000

Black Forest $1,240,000

Stepney $1,235,000

Total $1,230,000

Crafers West $1,225,000

Felixstowe $1,225,000

Semaphore $1,217,000

Thebarton $1,215,000

Belair $1,212,500

Oakbank $1,210,000

Glandore $1,205,525

Hindmarsh Valley $1,205,000

Glynde $1,200,000

Seacliff Park $1,200,000

Enter $1,196,500

Hawthorndene $1,195,000

Panorama $1,192,500

Kings Park $1,190,000

Manningham $1,190,000

Largs Bay $1,185,000

Eastwood $1,180,000

Kidman Park $1,175,000

Torrensville $1,175,000

Rostrevor $1,170,000

Warradale $1,170,000

Plympton $1,169,000

Flinders Park $1,165,000

Plympton Park $1,145,000

Sefton Park $1,135,000

Eden Hills $1,120,000

Cockatoo Valley $1,100,000

Mile End $1,100,000

North Plympton $1,100,000

Underdale $1,100,000

Woodville Park $1,100,000

Kalbeeba $1,098,000

Melrose Park $1,095,000

Bellevue Heights $1,090,500

West Croydon $1,090,000

Hectorville $1,085,000

Blackwood $1,080,000

Walkley Heights $1,080,000

Broadview $1,075,000

Cheltenham $1,070,000

Bridgewater $1,060,000

Allenby Gardens is $1,050,000

Coromandel Valley $1,050,000

Stanley Flat $1,050,000

Brooklyn Park $1,040,000

Glenalta $1,037,500

Forestville $1,030,000

Moana $1,027,500

Seaton $1,025,000

Seaview Downs $1,025,000

West Hindmarsh $1,022,500

Adelaide $1,020,000

South Plympton $1,020,000

Hampstead Gardens $1,015,000

Richmond $1,015,000

McLaren Flat $1,013,000

Beverly $1,012,000

Seacombe Heights $1,010,550

Darlington $1,005,000

Semaphore Park $1,004,000

Campbelltown $1,002,000

Flagstaff Hill $1,000,000

Macclefield $1,000,000

Pasadena $1,000,000

Works at $1,000,000

Woodville South $1,000,000

Woodville West $1,000,000