⚡MINI: Adelaide Housing Prices Are INSANE! 🏡

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:10):
I heard podcasts here more mix one or two point
three podcasts, playlists and listen live on the free iHeart app.
If you're looking to get into the home market and
it's giving you stresses and anxieties, can I recommend not
listening for the next three minutes?

Speaker 2 (00:25):
Yeah? This is a reality though, right.

Speaker 1 (00:27):
So there's some new data that's come out, some data.
A decade ago, Adelaide had eleven suburbs that were in
the million dollar club, that is a median house.

Speaker 2 (00:36):
Price of the houses were over a meal.

Speaker 1 (00:40):
Today there are one hundred and forty seven suburbs in Adelaide.

Speaker 2 (00:46):
Are we turning into Sydney?

Speaker 3 (00:48):
That's so horrific for anyone trying to get in the
housing market.

Speaker 2 (00:52):
So isn't it right up the top?

Speaker 1 (00:53):
You've got Medindi all the massive houses just around the
corner from here. That's the median house price in Medindi
at the momus three point three million dollars.

Speaker 2 (01:03):
Monday are gigantic.

Speaker 3 (01:04):
You go drive through them and you're like, oh my god,
how they have so much money?

Speaker 2 (01:06):
Is it old money?

Speaker 1 (01:07):
Like?

Speaker 2 (01:07):
Where did where? How do these people get rich in Adelaide? Yeah?
It has to be old money only fans.

Speaker 1 (01:13):
I don't know, only Park number two, Collage Park number three,
and then we roll down through a lot of the
eastern sub a lot of the inner suburbs, in the
south suburbs that surprise me. Put me on the spot here, Jocelyn.

Speaker 3 (01:28):
Where's that?

Speaker 1 (01:29):
I don't know.

Speaker 2 (01:29):
I'm picturing that lady with catface, you Jocelyn. Yeah, the
cat woman, Yeah, cat woman.

Speaker 1 (01:34):
The thing is there are a few suburbs down in
the beach as well. Of course, Adelaide is like climbing
the ranks of how expensive we are as a city
compared to the rest of the camps.

Speaker 2 (01:43):
So Cydny's number one by a mile.

Speaker 1 (01:44):
The median house price in all of Sydney, not just
the nice suburbs, is one point two five million dollars.

Speaker 2 (01:50):
Yeah, crazy getting a house over there. Adelaide is now
above Melbourne in what really yeah, medi.

Speaker 3 (01:56):
Way, but we we don't earn as much as people
in Melbourne or in Sydney.

Speaker 2 (02:02):
No, but we have bigger houses, we have way nicer blocks. Totally.

Speaker 1 (02:06):
If you go to my brother's just bought a house
in Melbourne and like, good for him.

Speaker 2 (02:10):
Him and his wife have tried so hard. It's soon
to be wife.

Speaker 1 (02:13):
Tried so hard work for years, like gone to a
thousand different things. They've rented, finally found a house that
they wanted to buy. It's not close to the city
and it's not new by any means, and they're gonna
have to do a lot of work and it costs
more than the house that I live in that is
from the city.

Speaker 3 (02:30):
They'll sell that and say, say five years time, and
they'll make good money on it, and then they'll come
back to Adelaide and they'll have all this money to
buy something great.

Speaker 4 (02:37):
Yeah, but you know, I'm looking at all these suburbs
and they're all actually pretty nice suburbs. I've got a
townhouse in not a nice suburb that I paid five
and a grand for that has now doubled and he's
worth a million dollars.

Speaker 3 (02:48):
It's a nice suburb where you live, but it's not it's.

Speaker 4 (02:51):
Not a typically desirable suburb.

Speaker 3 (02:53):
It's definitely gone up heaps in the last year or so.

Speaker 4 (02:56):
But that's the thing. So people can't even buy in
these fringe suburbs that are hard. Do you want to know?

Speaker 3 (03:02):
I think about the kids, like my boys will never
probably buy a house unless they people are waiting. Like
we're talking to our team, the younger people on our team.
They're like, we're like, will you buy a house, and
like we'll maybe not until I get inheritance.

Speaker 2 (03:15):
And that's probably the harsh reality. And by that point
you can be forty or fifty alone.

Speaker 3 (03:21):
Hopefully older than that. I'm forty four. I don't want
my parents to die.

Speaker 2 (03:25):
Got'd be nice to get some cash, though, No, I'm kidding,
I'm kidding. You make you sick,