Adelaide Housing Market overview

Adelaide home values have recorded only a moderate rise over the past year and throughout the current growth phase.

In this, the fourth part of an 8 part series from Core Logic’s Quarterly Review of the Australian Residential Property Market and Economy we look at the Adelaide Housing Market.

Adelaide has recorded the second lowest level of cumulative value growth.

Home sales are rising across the city and most indicators have recorded an improvement over the past year.

key stats adelaide

Values

  • +2.1% over the quarter
  • +4.3% past 12 months
  • +1.2%pa last five years
  • +3.8%pa last ten years
  • +7.7%pa last 15 years
  • -1.1% lower than previous peak
  • +7.7% over the current growth phase

Annual sales volumes

  • 26,160 over year to August 2014
  • +9.1% over the year
  • Highest annual sales since Sep-10

Rents

  • -0.7% quarter
  • +1.5% over the year
  • +2.6%pa last five years

Yields

  •  -0.2 percentage points over the quarter
  •  -0.2 percentage points over the year

Selling time

  • +4 days over the quarter
  • -5 days over the year

Vendor discounting

  • +0.2 percentage points over the quarter
  • -0.8 percentage points over the year

ADELAIDE GRAPH

Read Part 1: Sydney Housing Market overview here

Read Part 2: Melbourne Housing Market here

Read Part 3: Brisbane Housing Market here



Want more of this type of information?


Tim Lawless

About

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


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