Adelaide housing market update [video]
Key takeaways
In November: Adelaide dwelling values rose by 0.8%
Over the quarter: Dwelling values increased by 2.8%
Over the past year: Dwelling values increased by 14.0%
Adelaide dwelling values are currently at a record high
Adelaide housing values rose 0.8% in November, a strong result but the second month in a row where the monthly gain has been less than 1%. The market is clearly losing momentum as listings rise, they’re up 25% since the end of winter, and affordability constraints become more pressing.
The strongest conditions are skewed towards the most affordable areas of Adelaide, with Salisbury and Playford both recording a gain of approximately 19% over the past 12 months.
Adelaide house prices graph
Unit values are continuing to rise faster than house values, up 18.0% and 13.4% respectively over the past 12 months.
You may also want to read: National Housing Market Update
