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Adelaide Housing Market Update [Video] – May 2017

The trends generally remain positive, with quarterly growth of 2.9% across the combined capitals index.

Adelaide dwelling values moved a notch higher in April rising by 0.8% over the month to be 2.2% higher over the year.

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The subtle growth conditions are mostly confined to the detached housing sector where values have reached 2.4 percent higher over the past 12 months, while unit values have slipped by 0.2% over the year.

Despite the soft weight of capital gain, market activities trended higher across Adelaide, core logic is recorded 8,690 settled sales over the first four months of the year, that’s 3.6% higher than the same period a year ago.

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If buy and demand continues to improve across the Adelaide market, it should translate into improve growth conditions.

YOU MAY ALSO BE INTERESTED IN READING:

National Housing Market Update [Video] – May 2017

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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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