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The Panorama property at 7 Hare Cres sold for $2.15 million in November, setting a new record for the suburb. Photo: realestate.com.au
Soaring property values have pushed many home sales prices into new territory this year, with some not only breaking suburban records, but smashing them as well.
A $1 million sale in Adelaide's north Ayr has topped Proptrack's record-breaking top 10 list of suburban home sales in 2023.
The 5,120 square meter property at 302 Womma Rd was sold for $1.35 million in May. This was $670,000, or 99% above the previous threshold set for the suburb in November last year.
Ray White Barossa Two Wells sales director Jamie Wood, who sold the property, said it was a unique property as it was located in a busy downtown area that was rapidly becoming a commercial area.
“There were some zoning changes there,” he said.
“At some point, it's going to be commercial there.”
He said there are fewer large properties with older homes available in the area than there used to be, and he believes more commercial properties will continue to be built.
“This whole area is growing,” he said.
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This list only includes sales published on realestate.com.au and is based on the percentage difference between this year's record sales and the suburb's previous highest sales. Ranked based on:
A home in Blair Atholl took second place on the list in August, selling for $2.15 million, $930,000 above the previous record, followed by a home in Underdale, which sold for $2.15 million, 60% above the suburb's previous threshold of $1.63 million. It sold for a high price.
The Ayer property at 302 Womma Rd sold for $1.35 million in November. This was $670,000 more expensive than the suburb's previous standard. Photo: realestate.com.au
Real Estate Association of South Australia CEO Andrea Heading said it was typically properties with outstanding features that sold at exceptional prices.
“The ones that stand out have something pretty unique. There's probably something unique about what they're selling, too,” she said.
“Some suburbs are really tied down.
“Even if you find a suburb a little surprising, it's either because of the size of the parcels or because there's so little on the market.
“Some of them become fiercely contested when they actually appear.”
Mr Heading said interstate buyers relocating to Adelaide for the first time or relocating to Adelaide were also willing to spend more, which was driving up prices.
“In fact, new records will be set as the market becomes more competitive,” she said sadly.
“Right now, real estate doesn't stay on the market for long.”
New record for SA suburban sales
(Address, latest sale date, latest sale price, last sale date, last sale price, sales price difference percentage)
1. 302 Womma Rd, Ayr – May 2023, $1.35 million, November 2022, $680,000, 99 percent
302 Womma Rd, Ayr. Photo: realestate.com.au
2. 2 Marmion Ave, Blair Atholl – August 2023, $2.15 million, April 2023, $1.22 million, 76 percent
2 Marmion Ave, Blair Athol. Photo: realestate.com.au
3. 3. 264 Henley Beach Rd, Underdale – November 2023, Private, October 2022, $1.63 million, 60 percent
264 Henley Beach Road, Underdale. Photo: realestate.com.au
4. 290 Magill Rd, Beulah Park – November 2023, $3.2 million, January 2022, $2.1 million, 52 percent
290 McGill Road, Beulah Park. Photo: realestate.com.au
5. 23 Stirling St, Tazemore – July 2023, $5.9 million, November 2022, private, 49 percent
23 Stirling Street, Tasmore. Photo: realestate.com.au
6. 17 Fortrose St, Glenelg East – May 2023, $3.2 million; June 2021, $2.3 million, 39 percent
17 Fortrose St, Glenelg East. Photo: realestate.com.au
7. 7 Halle Cres, Panorama – November 2023, $2.15 million, August 2023, $1.565 billion, 37%
7 Halle Cres, Panorama. Photo: realestate.com.au
8. Semaphore Park, 385 Esplanade – October 2023, $3.29 million, June 2023, private, 33 percent.
385 Esplanade, Semaphore Park. Photo: realestate.com.au
9. 86 Ashley St, Torrensville – February 2023, $2.15 million, June 2022, $1.67 million, 29 percent
86 Ashley St, Torrensville. Photo: realestate.com.au
10. 12 Riverman Court, West Lakes – July 2023, $4.45 million, December 2021, $3.5 million, 27 percent
Rendering for property located at 12 Liberman Court in West Lakes. Photo: realestate.com.au
(Source: Prop Track)
