What’s happening with Adelaide’s property market? Is the incredible boom we’ve been seeing finally coming to an end? In this episode, we’re joined by Peter Koulizos, the property professor, to take a closer look at what’s going on in this fascinating market. Adelaide’s median house price has now overtaken Melbourne’s—for the first time in 40 years! And all this while having a population of less than 1.5 million compared to Melbourne’s 5.5 million. It’s been a remarkable run of price growth since mid-2020, but is the boom about to fizzle out? Peter dives into what’s been driving this surge in Adelaide, looking beyond just affordability to unpack the underlying factors. Is this market still a hidden gem, or are we finally seeing the first signs of it slowing down? If Adelaide’s meteoric rise has caught your eye, this conversation is one you’ll want to hear. Peter’s insights might just change the way you see this city’s property market and where it’s heading. Episode Highlights: 00:00 - Introduction 01:18 - Who is Peter Koulizos? 02:21 - Did the property boom in Adelaide go as planned or unexpectedly? 04:26 - Is the property boom in Adelaide losing momentum or still going strong? 05:39 - Is remote work still allowing people to live thousands of kilometres away? 08:42 - Can Adelaide locals sustain rising property prices amid economic concerns? 12:20 - What kind of growth are Adelaide’s quintessential homes seeing? 13:42 - Key differences/similarities between Adelaide, Perth, and Brisbane’s property markets 17:58 - Peter's thoughts on Adelaide's headwinds of low growth and high property supply 24:52 - Can stamp duty exemptions for baby boomers help better utilise our housing stock? 26:54 - Is housing supply really different from the supply of other commodities? 30:19 - What is actually driving the property market in Adelaide? 34:30 - The impact of the mining industry, and the Olympic Dam, on Adelaide 36:03 - Will the return of people to Brisbane and Adelaide impact local economies and wages? 41:01 - Is it concerning that buyers agents can operate interstate without local licensing? 46:47 - Which Adelaide suburbs are poised for long-term growth beyond COVID trends? 51:03 - Is the rental shortage in Adelaide increasing demand for home purchases? 53:22 - Peter Koulizos’ property dumbo About Our Guest: Peter "The Property Professor" Koulizos, a real estate expert with nearly 30 years of teaching experience, recently retired as the Program Director of the Master of Property at Adelaide University, though he continues to teach. In addition to his academic role, Peter is an active property investor and developer, holding several properties. He researches property markets across Australia to identify top investment suburbs in each capital city and has authored three books: The Property Professor’s Top Australian Suburbs, Property vs Shares, and The Diary of a Small Developer. Connect with Peter Koulizos: Website https://www.peterkoulizospc.com.au/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.flintgroup.au Work with Chris: chrisbates@flintgroup.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.
