Land prices in Adelaide have increased by almost 10 per cent during the March quarter.
Figures prepared by the Housing Industry Association and RP Data show the median land price in Adelaide jumped by 8.5 per cent to $164,950. Prices were up 12.2 per cent on the previous year.
Land in regional SA fell 3.3 per cent in the March quarter to $96,700. Land in Adelaide is the second cheapest of the nation’s capital cities behind Hobart, the report shows.