Adelaide’s most expensive streets, is YOUR street on the list?

• Tennis courts are commonplace along Adelaide's richest streets.
• Many of the streets are less than a kilometre long.
• Homes are typically beautiful pieces of period architecture.

Adelaide is one of the most liveable cities in the world, as voted by The Economist in 2021, the top city in Australia and third in the world. The Economist’s Intelligence Unit ranked Adelaide a bit lower in 2022 at 30, a slide of 27 places.

But Adelaidians can take solace that this result wasn’t personal, as Auckland was ranked first place in 2021 and 34th in 2022. Similarly, Wellington was placed fourth in 2021, sliding to 50th in 2022.

Also known by locals as “Radelaide”, the city of churches has a housing market that is practically linear, and not cyclical.

Adelaide

Up until the pandemic, Adelaide house prices have gradually put on around $10,000 or so in value, year on year for the past decade.

The trend broke with the pandemic, with Adelaide house prices rising some $10,000 per month instead of per year.

Adelaide’s house prices were also among the highest risers in the world during this time, according to the Global Residential Cities Index Q3 2022* by world’s largest privately-owned property consultancy, Knight Frank. Adelaide was ranked eighth in the world with a 21.3% house price rise after the three Turkish cities of Istanbul, Ankara, and Izmir.

Adelaide’s affordable luxury

In The Property Tribune’s Australia’s Top 20 Most Expensive Suburbs list, Adelaide’s Toorak Gardens came in at 45th with a suburb median price of just under $2.3 million. Notably, this list excludes all Sydney suburbs simply because they dominated the list so much as to require a list of their own.

Adelaide’s most expensive houses were also well below the eight-figure mark, with the most expensive house sold in 2021 for just over $6 million on Wotuna Terrace in Saint George. The most expensive home in Adelaide for 2020, on the waterfront strip the Esplanade in Henley Beach, was sold for over $5.6 million.

In Canstar’s latest Rising Stars Report, powered by Hotspotting, Adelaide jumped from ninth place in 2022 as best place to buy a home to first place in 2023.

Adelaide’s most expensive streets

1. Briar Avenue, Medindie, 5081
2. Trinity Street, College Park 5069
3. Tregenza Close, Beaumont, 5066
4. Heywood Avenue, Unley Park, 5061
5. Douglas Street, Millswood, 5034
6. Victoria Avenue, Unley Park, 5061
7. Marlborough Street, College Park 5069
8. Whistler Avenue, Unley Park, 5061
9. Bellevue Place, Unley Park, 5061
10. Kensington Road, Leabrook, 5068

Generated by Suburbtrends, founder Kent Lardner said the methodology was not about selecting streets with one or two sales of mansions, or streets with very large block sizes.

“We have selected streets with a significant number of houses with the highest overall median prices, rather than selecting a street based on the sale of one mansion. Our methodology has created a very different ‘top streets’ list representing streets with a significant number of high priced properties and surrounded by the highest priced homes in the country” he said.

“Home buyers, sellers and agents should know how a street ranks within a suburb, especially in today’s market. For sellers and agents, this can help sell a home just like any other feature. For buyers, more listings are now entering the market compared to previous years. Knowing where the best streets are located can help you make better choices using a free street ranking search now available at suburbtrends.com”

Unlike Melbourne, Sydney, and Perth, this list is less dominated by one or two suburbs. While Unley Park certainly makes its mark, the top ten most expensive streets in Adelaide feature six different suburbs.

Asking prices for 5061

Suburbtrends’ top 100 streets list for Adelaide also includes the median bathroom and car spots for houses within these sprawling homes in the southern capital. Many of the homes in the list are 300 square metres to 500 square metres, sitting on land that is well above the 1000 square metre mark. It comes as little surprise that you can typically park four to five cars there and spend many a penny in the three bathrooms these mansions have.

While The Property Tribune ranked Toorak Gardens as the most expensive suburb in Adelaide by median price, the suburb doesn’t have a street in the top ten for Suburbtrend’s most expensive Adelaide streets, however, it does feature in the top 20.

It comes as no surprise, too, that Unley Park was ranked in The Property Tribune’s most expensive suburbs, along with College Park, Medindie, Beaumont, Millswood, and more.

Notably, Beaumont is also featured in the BuyersBuyers top 20 best investment suburbs in Adelaide, ranked 12th.

Briar Avenue

Filled with beautiful mansions from eras gone by, the 400 metre stretch of road is just a stone’s throw from North Adelaide and the surrounding parklands.

Most houses on the northern side of Briar Avenue include tennis courts, with the high net worth past time typically adding a 22% premium to property prices, according to Knight Frank.

Homes here have a median bedroom count of five, median bathroom count of three, car space median of five, a land area median of 1145 square metres, a building area median of 352 square metres, and a house median of $3,429,000.

Trinity Street

This 300 metre stretch of road is less than 1 kilometre down the road from the Adelaide CBD and locations including the National Wine Centre of Australia, Adelaide Botanic Gardens, and more.

While homes here also sit on similarly large lots to Briar Avenue at 1200 square metres, many seem to be single-storey properties. That said though, buildings are larger with a building area median of 463 square metres. The median bedroom number is four, bathrooms two, car spaces four, and house median value is $3,421,000.

Tregenza Close

Another short stretch of street, the roughly 100 metre-long Tregenza Close is located some eight kilometres away from the Adelaide CBD, close to the Adelaide Hills. Homes here typically have sensational views of Adelaide from the heights of the hills.

Homes along this street have a median bedroom count of four, two bathrooms, four car spaces, land median of 1122 square metres, building size median of 463 square metres, and a median price tag of $3,330,000.

Heywood Avenue

Another short stretch of some 200 metres, the address is just four kilometres south of Adelaide’s CBD.

Homes along Heywood Avenue typically have four bedrooms, three bathrooms, four car spaces, 1390 square metres of land, 244 square metres building area, and a house median of $3,188,000.

Douglas Street

Also some four kilometres south of the Adelaide CBD, Douglas Street is home to some beautiful period homes.

Houses here are large, 418 square metres, all situated on large lots of 1259 square metres. Median bedrooms is four, bathrooms two, car spaces four, with a median house value of $3,144,000.

Victoria Avenue

Another Unley Park address, this street typically has homes sitting on palatial plots of 1948 square metres. Homes here are likewise sizable at 506 square metres, but still only including four bedrooms, three bathrooms, four car spaces, and a median value of $3,133,000.

Marlborough Street

Yet another example of sensational period architecture from the prosperous, free settler beginnings of Adelaide, Marlborough Street is just north east of St Peter’s College, and a stones throw from the Adelaide CBD and landmarks like the Adelaide Botanic Garden and Rundle Mall.

Homes on this street typically feature five bedrooms, three bathrooms, and five car spaces situated on a 1325 square metre plot with 475 square metres of living space. House price medians are $3,118,000.

Whistler Avenue

This Unley Park address is another tennis court haven, with homes here typically situated on land sizes of 1195 square metres. It is also the next street over from Victoria Avenue, and intersects with Heywood Avenue.

Houses are typically 368 square metres, with four bedrooms, three bathrooms, four car spaces, and a median value of $2,881,500.

Bellevue Place

Another street with sprawling estates and tennis courts, Bellevue Place has a median house price value of $2,836,000, with homes typically including four bedrooms, two bathrooms, four car spaces, 1533 square metres of land and 401 square metres of living space.

Kensington Road

The final street for Adelaide’s top 10 most expensive streets is Kensington Road, seemingly an anomaly to the previous short stretches of mansion and tennis court filled laneways.

Kensington Road is a main road entering into the Adelaide CBD, becoming Wakefield Street and cutting straight through Adelaide’s Victoria Square. The road then meanders all the way up to the Adelaide hills.

Homes here are a veritable smorgasbord of options, but invariably, the median is four bedrooms, two bathrooms, and four car spaces. Land here is smaller at 995 square metres, with homes smaller at 297 square metres. Cheaper? Not quite, median house price values for the Leabrook portion of the road is $2,823,500.

Adelaide’s top 100 most expensive streets full list

Source: Suburbtrends.

Methodology

Suburbtrends started by compiling a list of house price estimates for every street in Australia.

The company subsequently removed streets that did not have price estimates for at least five properties and where the median lot size was over 2,000 square metres.

Suburb trends said that to ensure the results were not swamped by select few suburbs, streets were allocated to areas (Statistical Area 4 SA4) and a maximum quota of 10 streets per SA4 area was applied.