Adelaide’s home values rose another 1.7% in June, the second fastest pace of growth after Perth, taking the market by 15.4% or almost $103,000 higher over the latest financial year.

The strongest growth conditions are skewed towards some of Adelaide’s lowest price markets, with Playford values rising 19.9% over the year, and Salisbury values up 19%.

Adelaide house prices graph

Advertised stock levels remain in extremely short supply with listings tracking 43% below the five-year average for this time of the year.

Rents are still rising rapidly, although the annual pace of change has cooled a little over the year, down from a lift of 9.5% last year to 8.5% in this financial year.

You may also want to read: National Housing Market Update

About Tim Lawless
Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au