Adelaide median house value soars to record high, defying downturn in other capital cities

The median value of Adelaide houses has soared to a record high, continuing its climb towards $500,000 and defying declining markets across Australia’s major capital cities.

The Valuer-General’s figures for the December quarter show that the city’s median house value climbed 2.13 per cent and was up 4.01 per cent on the same period in 2017 to a record high of $480,000.

The statewide median house price also climbed – up 1.9 per cent for the quarter and 2.38 per cent for the year to $430,000.

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