Adelaide Median Land Price Jumps 27% In 2025

18 Feb

min read

National Head of Corporate Marketing & Communications

Mitchy Koper

Adelaide Median Land Price Jumps 27% In 2025

18 Feb 2026

min read

Adelaide’s median land prices rose 6% in the December quarter and 27% for 2025.
Median lot size shrank nearly 1% in the December quarter and 10% over 2025.
Median price/sqm reached $981, up 41% for the year.

Adelaide land prices continued to surge in the December quarter, despite a fall in the number of sales as supply constraints limited the amount of land available, according to new research by Oliver Hume Property Group.

Oliver Hume today released its latest Quarterly Market Insights (QMI) data for the December quarter, which analyses thousands of land sales across key markets in Melbourne, South East Queensland and Adelaide.

The research showed the volume of land sales across Adelaide dipped for the first time since March, with the total number of sales falling 9% to 550 sales, compared to 604 in the September quarter.

The quarterly growth in median lot price in Adelaide increased to 6% (from 4% in the September quarter), taking the median price to $371,000.

On a $/sqm basis, price growth was slightly stronger at 6.8% for the quarter and 41% for the year, as the median lot size fell to a new low of 378 sqm, 10% smaller than the corresponding quarter last year.

Adelaide Land Market – December Quarter 2025

	Dec-24	Mar-25	Jun-25	Sep-25	Dec-25	Qtrly Change	Annual Change
Median Lot Price (LHS)	$292,500	$319,970	$336,500	$349,990	$371,000	6.0%	27%
$/sqm (RHS)	$696	$667	$867	$919	$981	6.8%	41%
Sales Volume	428	270	508	604	550	-8.9%	29%
Median Lot Size	420	480	388	381	378	-0.8%	-10%

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Oliver Hume Chief Economist Matt Bell said Adelaide’s continued price growth reflected increased demand and ongoing supply constraints.

“While gross Adelaide land prices remain more affordable than both Melbourne and South East Queensland, in $/sqm terms, Adelaide ($981/sqm) now sits only 17% behind Melbourne ($1,041/sqm),” he said.

“In 2025, demand has been translated directly into price gains,” he said. “While the outlook for new supply has improved, the translation to on-the-ground delivery will be slow.”

“We expect sales volumes to increase in line with new supply released, and the very strong price growth seen over the last 3 years (~20% p.a.) to ease back to levels more in line with established market growth.

The Oliver Hume data shows Victor Harbor ($265,000), Alexandrina ($273,000) and Playford ($319,990) were the most affordable regions for new land in the December quarter.

MEDIAN PRICES for South Australia Dec Qtr. 2025*

				%	%	$	$
Municipality	Dec-24	Sep-25	Dec-25	QoQ	YoY	QoQ	YoY
Alexandrina	$305,000	$267,000	$273,000	2.2%	-10.5%	$6,000	-$32,000
Barossa	$293,000	$350,000	$390,000	11.4%	33.1%	$40,000	$97,000
Light	$285,000	$359,040	$378,000	5.3%	32.6%	$18,960	$93,000
Mt Barker	$415,000	$394,000	$395,000	0.3%	-4.8%	$1,000	-$20,000
Onkaparinga	-	$345,000	$492,500	42.8%	-	$147,500	-
Playford	$285,000	$349,990	$319,990	-8.6%	12.3%	-$30,000	$34,990
Victor Harbor	$270,000	$310,000	$265,000	-14.5%	-1.9%	-$45,000	-$5,000
Greater Adelaide	$292,000	$349,990	$371,000	6.0%	27.1%	$21,010	$79,000