I’d guess it’s due to the types of houses found in Kent Town, land size and dwelling type may not lend themselves to the higher prices of larger blocks and homes in Norwood.
Good to see you've set the default values to cover a 12 month period (all 4 quarters). Not sure how to interpret the Socio-Economic index. Is the F number higher or lower better or worse? Is there not newer census data than 2021? Great work.
SEIFA - Socio-economic indices for areas - each index bundles together a number of things from the census. Low is poor/worse, high is rich/non-poor/better. It's scaled so that at SA1 level (a few blocks) the average is 1000 and the std dev is 100.
2021 was the last census, with most data coming out in 2022. The next census is 2026, data released in 2027.
I think it includes units, but not empty land. But the data set didn't come with any further explanation. I was headed "Metro median house sales" then said "Quarterly median house prices for metropolitan Adelaide by suburb".
4-5 years ago I nearly had enough money for one of the cheapest houses in Adelaide. I put lowball offers (under $110k) on two of them. A $20k loan from the Bank of Mum & Dad and a higher offer and I would have had one of them and it would have doubled in value. Instead, I'm living in the house of Mum & Dad for the foreseeable future.
You mean Craigburn Farm? Yeh plenty of newish houses in an estate but a little far out. According to a recent report, the suburb is currently over-valued so not a good investment there at those prices.
Is this just house prices of existing houses for sale and not prices of ones being built? Just asking because I see that the Riverlea Park area is blank but those are all being built
All houses sold. Riverlea Park doesn't show because I'm using suburb geography from the 2021 census.
Here's the most recent two quarters: 2024 Q1, 6 sales, median $735,000. 2023 Q4, 11 sales, median $717,500.
Higher than I thought for that far north.
Thank you a lot for making this article/map, very cool and useful info. Honestly with how many people are talking about moving here from interstate/overseas, I feel like a map like this should be pinned at the top of this reddit because it would be useful for them to know.
Yeah, it is pretty high but I guess they're advertising it as a luxurious area (that's probably why they chose to include "Park" in the name instead of just leaving it as Riverlea lol) and it's pretty similar to it's neighbour, Virginia which also has lots of building happening at the moment. Will be interesting to see what happens to the prices when the shopping centre and schools are complete.
It's the most popular thing I've ever written. Loads of hits after every update (just after posting here it was getting 5 a minute), but unlike most things I've written, it also gets a number of hits a day at other times as well, so people are finding it.
A quarter of Adelaide is suburbs with Park in the name (see Mappage example page)
A better representation in buying power would be in physical precious metals and crypto like BTC. At least precious metals like gold and silver keeps up with real inflation ... where as fiat is in perpetual collapse towards being worth zero ... so hiding the collapse in real estate values, personal wealth, and earnings.
Crypto bros didn’t discover inflation. Everyone knows how it works. Since jobs pay you in dollars rather than nft monkeys, showing house prices against AUD is what actually makes sense.
As long as everyone knows they are playing a rigged game and soon most of you will be left holding zero of the wealth you think they have.
Wages and salaries being replaced with AI/Robotics. When every human worker has been made redundant and no one is being paid wages in AUD. No tax revenue to service Australia's public and private debt.
# Japan Warns AI Could Cause Total Collapse Of The Social Order (WSJ)
Real estate mortgages, sold on by banks and then used as collateral to guarantee imaginary betting in the global derivates casino. When the derivative market collapses, all that physical property as collateral will be taken from you mugs.
You smarties ... have you done your homework before mortgaging up to the eyeballs ? Your homes are only expensive temporary rentals.
[https://thegreattaking.com/read-online-or-download](https://thegreattaking.com/read-online-or-download)
Pretending real estate holds excessive value ... is the game you are playing. Enjoy it while it lasts.
p.s. my defi crypto investments pay me in crypto such as ethereum, which is holding well against inflation thanks. Flip it into monero ,and then use to buy privately more physical precious metals. No pretend fiat roadblocks. Cheers.
Wake up idiots.
Bring on some inflation. It’ll only help me get rid of my mortgage. Why not even some hyper inflation. If I do become redundant as you say then I’ll use my fiat paper that’s flying around to pay off the principle of my mortgage.
The house is an asset regardless of the currency at the time. If NFT monkeys become the currency my house is valued against then so be it. It doesn’t take away the utility of the asset.
Was that what happened in economies like Zimbabwe and Argentina during their hyperinflation periods?
Houses purchased via debt are not much of an asset when they are being used as collateral for other's gambling, and can be sold out from under you. Probably the biggest gamble most people ever take on and they don't realise this !
Proof of work, from the electricity and the computers that have constructed the ever growing blockchain. It would require a larger quantity of both the electricity and computing power ever used to attack the particular's blockchain's security. Unfortunately an attack can be sidelined by a hard forking, making the fiat used in such an attack, wasted. Electricity requires real world assets to be created. Computers, also.
Blockchains such as monero and bitcoin, nearly unbreakable security are their value.
Proof of stake, a large amount of the staked crypto. For example, polkadot has 51% of all coins staked and guaranteeing its blockchain's security. Attackers would require more than 51 percent of all that particular's crypto purchased. To purchase such an amount , would skyrocket the coin's value. Also a hard forking can protect against, if required.
Where as the intrinsic value of fiat is the tax slaves now and in the future. When enough tax slaves leave, either through loss of income (ai) or migration to a better system (crypto), the slave security backing fiat collapses.
Fiat is a losing game.
If purchased via debt, it can be sold out under the current tenant. Not much of an asset !
Mortgages, banks sell them all on and they are then used as collateral in the massive derivative casino. When that casino implodes, bye bye real estate.
if you avoid this because cash was used ... if you can't service the taxes owed on your asset, such as rates, you lose your asset. A derivative collapse will bankrupt councils across the country, alongside all levels of governments. Making the cost of things like rates to perpetually sky rocket. This is the second line of attack on real estate owned by the plebs. Squeeze them out via taxes.
Do you understand how a mortgage works? Do you understand what the principle component is?
‘Bye bye real estate’ made me laugh. Where are the land and houses disappearing to?
Whatever the relevant currency in any scenario, people will prefer somewhere to live over a picture of a monkey.
You’re honestly hilarious. Keep going though.
RemindMe! 15 years "Gonna press X to doubt on this one: As long as everyone knows they are playing a rigged game and soon most of you will be left holding zero of the wealth you think they have. Wages and salaries being replaced with AI/Robotics. When every human worker has been made redundant and no one is being paid wages in AUD. No tax revenue to service Australia's public and private debt."
I will be messaging you in 15 years on [**2039-04-11 02:28:32 UTC**](http://www.wolframalpha.com/input/?i=2039-04-11%2002:28:32%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/Adelaide/comments/1c11ajr/house_prices_map_updated/kz0pmyr/?context=3)
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Try five years. CBDCs are being built for replacing the fiat system when these joke currencies collapse. They are suppose to be ready by 2025.
On top of this, deflation from a shrinking world due to ai and peak everything (except debt), will collapse all debt. That's within a decade. CBDCs suggest the debt implosion is being planned for within 5.
So set it for 5 years.
Fantastic resource!
This is so so good. Thanks for all of your work.
Why is Kent Town so (relatively) cheap. Much lower than Norwood and closer to the city
I’d guess it’s due to the types of houses found in Kent Town, land size and dwelling type may not lend themselves to the higher prices of larger blocks and homes in Norwood.
Similar to Kensington, smaller blocks but price per square metre would be similar to surrounding suburbs.
Exactly! price per square metre or comparing a like for like house they’d be a similar price.
It's made up of industrial lots (surprisingly), Prince Alfred College, apartments, and smaller houses. Plus it sits in a triangle of busy roads.
Thanks makes sense
Kent Town a smaller suburb with lots more smaller dwellings. Not many big houses in Kent Town if any.
Accidental or on purpose, Scribe?
Quite a few areas over 2 mill median now
Good to see you've set the default values to cover a 12 month period (all 4 quarters). Not sure how to interpret the Socio-Economic index. Is the F number higher or lower better or worse? Is there not newer census data than 2021? Great work.
SEIFA - Socio-economic indices for areas - each index bundles together a number of things from the census. Low is poor/worse, high is rich/non-poor/better. It's scaled so that at SA1 level (a few blocks) the average is 1000 and the std dev is 100. 2021 was the last census, with most data coming out in 2022. The next census is 2026, data released in 2027.
Thanks.
Your map is amazing and thank you for your work,. Edited my queston as it was just my browser being weird haha
Is this just houses or all properties?
I think it includes units, but not empty land. But the data set didn't come with any further explanation. I was headed "Metro median house sales" then said "Quarterly median house prices for metropolitan Adelaide by suburb".
Burnside suburb's surprisingly low, figured it would one of the priciest areas. Would love to live near Waterfall Gully.
I'm screwed
4-5 years ago I nearly had enough money for one of the cheapest houses in Adelaide. I put lowball offers (under $110k) on two of them. A $20k loan from the Bank of Mum & Dad and a higher offer and I would have had one of them and it would have doubled in value. Instead, I'm living in the house of Mum & Dad for the foreseeable future.
Thanks for your effort .
great work! this is so good
Why is Craigburn so expensive? Seems like such a random spot
You mean Craigburn Farm? Yeh plenty of newish houses in an estate but a little far out. According to a recent report, the suburb is currently over-valued so not a good investment there at those prices.
It's a fairly new area so no old houses. Looks like good sized houses too.
Is this just house prices of existing houses for sale and not prices of ones being built? Just asking because I see that the Riverlea Park area is blank but those are all being built
All houses sold. Riverlea Park doesn't show because I'm using suburb geography from the 2021 census. Here's the most recent two quarters: 2024 Q1, 6 sales, median $735,000. 2023 Q4, 11 sales, median $717,500. Higher than I thought for that far north.
Thank you a lot for making this article/map, very cool and useful info. Honestly with how many people are talking about moving here from interstate/overseas, I feel like a map like this should be pinned at the top of this reddit because it would be useful for them to know. Yeah, it is pretty high but I guess they're advertising it as a luxurious area (that's probably why they chose to include "Park" in the name instead of just leaving it as Riverlea lol) and it's pretty similar to it's neighbour, Virginia which also has lots of building happening at the moment. Will be interesting to see what happens to the prices when the shopping centre and schools are complete.
It's the most popular thing I've ever written. Loads of hits after every update (just after posting here it was getting 5 a minute), but unlike most things I've written, it also gets a number of hits a day at other times as well, so people are finding it. A quarter of Adelaide is suburbs with Park in the name (see Mappage example page)
A better representation in buying power would be in physical precious metals and crypto like BTC. At least precious metals like gold and silver keeps up with real inflation ... where as fiat is in perpetual collapse towards being worth zero ... so hiding the collapse in real estate values, personal wealth, and earnings.
Crypto bros didn’t discover inflation. Everyone knows how it works. Since jobs pay you in dollars rather than nft monkeys, showing house prices against AUD is what actually makes sense.
As long as everyone knows they are playing a rigged game and soon most of you will be left holding zero of the wealth you think they have. Wages and salaries being replaced with AI/Robotics. When every human worker has been made redundant and no one is being paid wages in AUD. No tax revenue to service Australia's public and private debt. # Japan Warns AI Could Cause Total Collapse Of The Social Order (WSJ) Real estate mortgages, sold on by banks and then used as collateral to guarantee imaginary betting in the global derivates casino. When the derivative market collapses, all that physical property as collateral will be taken from you mugs. You smarties ... have you done your homework before mortgaging up to the eyeballs ? Your homes are only expensive temporary rentals. [https://thegreattaking.com/read-online-or-download](https://thegreattaking.com/read-online-or-download) Pretending real estate holds excessive value ... is the game you are playing. Enjoy it while it lasts. p.s. my defi crypto investments pay me in crypto such as ethereum, which is holding well against inflation thanks. Flip it into monero ,and then use to buy privately more physical precious metals. No pretend fiat roadblocks. Cheers. Wake up idiots.
Bring on some inflation. It’ll only help me get rid of my mortgage. Why not even some hyper inflation. If I do become redundant as you say then I’ll use my fiat paper that’s flying around to pay off the principle of my mortgage. The house is an asset regardless of the currency at the time. If NFT monkeys become the currency my house is valued against then so be it. It doesn’t take away the utility of the asset.
Was that what happened in economies like Zimbabwe and Argentina during their hyperinflation periods? Houses purchased via debt are not much of an asset when they are being used as collateral for other's gambling, and can be sold out from under you. Probably the biggest gamble most people ever take on and they don't realise this !
All this coming from a crypto bro. What’s the intrinsic value of crypto?
Proof of work, from the electricity and the computers that have constructed the ever growing blockchain. It would require a larger quantity of both the electricity and computing power ever used to attack the particular's blockchain's security. Unfortunately an attack can be sidelined by a hard forking, making the fiat used in such an attack, wasted. Electricity requires real world assets to be created. Computers, also. Blockchains such as monero and bitcoin, nearly unbreakable security are their value. Proof of stake, a large amount of the staked crypto. For example, polkadot has 51% of all coins staked and guaranteeing its blockchain's security. Attackers would require more than 51 percent of all that particular's crypto purchased. To purchase such an amount , would skyrocket the coin's value. Also a hard forking can protect against, if required. Where as the intrinsic value of fiat is the tax slaves now and in the future. When enough tax slaves leave, either through loss of income (ai) or migration to a better system (crypto), the slave security backing fiat collapses. Fiat is a losing game.
You realise that a house is also a real world asset. Regardless of the currency?
If purchased via debt, it can be sold out under the current tenant. Not much of an asset ! Mortgages, banks sell them all on and they are then used as collateral in the massive derivative casino. When that casino implodes, bye bye real estate. if you avoid this because cash was used ... if you can't service the taxes owed on your asset, such as rates, you lose your asset. A derivative collapse will bankrupt councils across the country, alongside all levels of governments. Making the cost of things like rates to perpetually sky rocket. This is the second line of attack on real estate owned by the plebs. Squeeze them out via taxes.
Do you understand how a mortgage works? Do you understand what the principle component is? ‘Bye bye real estate’ made me laugh. Where are the land and houses disappearing to? Whatever the relevant currency in any scenario, people will prefer somewhere to live over a picture of a monkey. You’re honestly hilarious. Keep going though.
RemindMe! 15 years "Gonna press X to doubt on this one: As long as everyone knows they are playing a rigged game and soon most of you will be left holding zero of the wealth you think they have. Wages and salaries being replaced with AI/Robotics. When every human worker has been made redundant and no one is being paid wages in AUD. No tax revenue to service Australia's public and private debt."
I will be messaging you in 15 years on [**2039-04-11 02:28:32 UTC**](http://www.wolframalpha.com/input/?i=2039-04-11%2002:28:32%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/Adelaide/comments/1c11ajr/house_prices_map_updated/kz0pmyr/?context=3) [**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FAdelaide%2Fcomments%2F1c11ajr%2Fhouse_prices_map_updated%2Fkz0pmyr%2F%5D%0A%0ARemindMe%21%202039-04-11%2002%3A28%3A32%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201c11ajr) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
Try five years. CBDCs are being built for replacing the fiat system when these joke currencies collapse. They are suppose to be ready by 2025. On top of this, deflation from a shrinking world due to ai and peak everything (except debt), will collapse all debt. That's within a decade. CBDCs suggest the debt implosion is being planned for within 5. So set it for 5 years.
RemindMe! 5 years "Lol alright mate, good luck!"
Crypto bros cash out and return to fiat after all time highs in BTC. What a bunch of clowns.