Adelaide housing market update [video]
Key takeaways
In August: Adelaide dwelling values rose by 1.4%
Over the quarter: Dwelling values increased by 4.0%
Over the past year: Dwelling values increased by 14.9%
Adelaide dwelling values are currently at a record high
Adelaide dwelling values increased by a further 1.4% in August, taking the market 14.9% higher over the past twelve months and adding just over $114,000 to the median dwelling value over the year.
Despite worsening affordability constraints, there’s little sign that the value growth is slowing amid extremely low supply levels, where listings remain almost 40% below the previous five year average and generally strong demand, with estimated home sales over the past three months tracking 21% above the previous five year average.
Adelaide house prices graph
In some good news for renters, the Adelaide rental value index was up to 0.3% in August, the slowest monthly pace since December 2022.
You may also want to read: National Housing Market Update
