With its own rules, the property market can be tricky, with the best choices dependent on the region and other factors.
But with a house for sale and its price set by a real estate agent, a house can be a bargain if you can get in early.
Read more about house prices: house prices in Adelaide The Adelaide house price index is a monthly report of house prices across the state.
For a snapshot of the current market, the most recent week was July 24, 2018.
Adelaide house prices The median price for a house in Adelaide is $1.2 million, with a median house price of $1,300,000.
It is worth more to live in Adelaide than anywhere else in the state, according to data from the Australian Bureau of Statistics.
The median house cost in Adelaide in the month of July 2018 was $1 million.
In the same month, the median price of a house was $2.9 million, while the median property price in Adelaide was $5.6 million.
The average household income in Adelaide last year was $72,300.
Adelaide’s median house prices have decreased from the previous year’s index, which showed a median price $1m higher than the year before.
The national median house costs have also decreased.
Adelaide home buyers are paying $4,100 more than in the previous three years, with average house prices rising 2.7 per cent last year to $2,924,000, according the ABS.
Adelaide suburbs house prices Average house prices for Adelaide suburbs have increased over the last 12 months, with median house values increasing 4.3 per cent.
The region’s suburbs have the lowest median house value of $4.1 million, which is slightly higher than last year.
There is a 5 per cent decrease in median house sizes in Adelaide compared to the year prior, which has driven a 3.4 per cent increase in house sizes.
Adelaide suburb median house size (in square metres) Adelaide suburbs median house rent Adelaide suburbs average house rent (in 2018) $1 1.2 2.3 3.1 4.1 3.2 3.3 2.6 2.4 3.5 3.6 4.6 5.6 Median house price Adelaide’s average house price is $2 million higher than in 2018.
A median house for rent of $800,000 was recorded in July 2018.
There are 6,400 people renting in Adelaide, with an average rent of about $800 a week.
Adelaide median house vacancy rate (in years) Adelaide’s residential vacancy rate is about 4.8 per cent, which puts it at the top of the list of top 10 most expensive Australian cities.
The most expensive city for rent in Adelaide has been Perth, which had a vacancy rate of 9.4.
Adelaide has the highest average house vacancy in the country of 0.3 to 0.4 house per person per year.
Average house price in Perth (2018) The median Adelaide house rent for the month was $9,100.
Adelaide houses are usually cheaper than in other cities, with $2 per square metre (about £1.5) more in median rents compared to 2018.
The cost of owning a house varies across the region, with Sydney having the highest median house buy-to-let mortgage (1.3 times median house purchase price), while Adelaide has median house repayments (2.4 times median property purchase price).