Port Adelaide trades on migration-fuelled demand, an advertised stock pool still about 36% below the five-year average, and the $20 million Alberton Square precinct that pairs new dwellings with upgraded amenities. That pressure kept prices rising – houses roughly 8% and units 30% over the trailing year – while the 613 approvals filed over the last 18 months could eventually moderate momentum as completions hit the market but also offer density for renters.