Adelaide has finished at the best performing capital city over the last 3 months with a +4.5% result.
Across the country, housing market trends remain mixed. CoreLogic RP Data research noted that the improvement in the rate of capital gains has been ‘broad-based’ during 2016 with every capital city.
Home value in Adelaide have increased by 2.4% over the first quarter, which has taken to annual rate to 3.2%.
House value has increased by 3.3%, while unit values have increased 2%.
House rent conditions are not as stong with rent falling 1.1% over the past 12 months, while unit rents remain unchanged.
Over recent years home values in Adelaide have generally increased, however the rate of value growth has remained moderate.