South Australia has delivered 68% five-year house price growth — the strongest of any Australian state. Victoria is recovering from a period of underperformance but retains the strongest long-term fundamentals of any Australian market. In 2026, both states are compelling for different investor profiles.
| Metric | Victoria | South Australia |
|---|---|---|
| Median House Price (Capital) | $935,000 | $780,000 |
| Median Unit Price (Capital) | $580,000 | $480,000 |
| Gross Yield (House) | 3.2% | 4.4% |
| Gross Yield (Unit) | 4.1% | 5.2% |
| 5-Year Growth (House) | 28% | 68% |
| GeeVee State Score | 7.4/10 | 8.1/10 |
GeeVee Verdict
South Australia leads on yield, five-year growth and entry price in 2026. Victoria leads on market depth, liquidity and population trajectory. For investors entering now, South Australia represents stronger short-term returns. Victoria inner-north remains the benchmark for decade-long portfolio building.
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