The Adelaide suburbs tipped to join the million-dollar club in 2026

More than a dozen Adelaide suburbs have joined the city’s million-dollar club over the past three years – and 11 more are tipped to cross the seven-figure threshold in 2026.

The new Ray White data reveals Adelaide could have 45 suburbs with a geometric mean house price above $1m if growth rates over the past few years remain consistent.

Geometric mean prices for each suburb over the past three years were analysed rather than median or arithmetic averages to project prices for 2026 as it reduced the impact of high-value sales that could skew results.

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The year-on-year growth rate for each of the three years was then calculated and averaged to determined a typical annual price increase for each suburb.

Ray White Group senior data analyst Atom Go Tian said Adelaide has 34 million-dollar suburbs, which is up on the 19 recorded in 2022.

“Adelaide’s 11 new additions show a similar pattern of expansion from the already-expensive Central and Hills region,” he said.

“Bellevue Heights ($997,000), Willunga ($998,000), and Coromandel Valley ($981,000) in Adelaide South are joined by Plympton ($995,000) and Flinders Park ($991,000) in Adelaide West, all showing steady 7-8 per cent growth rates.”

Richmond, Hindmarsh-Brompton, Paradise-Newton, Athelstone, Flagstaff Hill and Highbury-Dernancourt are also set to reach a $1m geometric mean.

Ray White senior data analyst Atom Go Tian.

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Real Estate Institute of South Australia chief executive Andrea Heading said it was impossible to predict what would happen but there was one main factor that would determine if prices increased.

“Prices will still be driven, in a way, by demand and market supply – the buyer demand will dictate price,” she said.

“There’s still more demand than what there is supply.”

However, Ms Heading said just because a suburb had a million-dollar median or average, didn’t mean every property in that area would sell at that price.

“It’s not to say that’s more the norm, not at all,” she said.

REISA chief executive Andrea Heading.

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Affordable housing as well as new home and land builds would also offer cheaper options in Adelaide’s market, Ms Heading said.

According to the Ray White data, Australia has 923 suburbs with a geometric mean house price of at least $1m, and a further 78 are expected to join the exclusive club within the next 12 months.