The combined regional markets of Australia, where the measure of value growth lags by one month, saw house values slip 1.1% lower over the three months to the end of August.
Adelaide’s housing markets saw dwelling values rise by two-point-six percent over the September quarter taking the annual growth rate to six and a half percent.
That’s the highest pace of annual growth since august 2010, while growth was skewed towards detached housing over the September quarter, over the past 12 months there’s little difference between the housing types.
House values are up by six and a half percent over the past 12 months while unit values have increased by 7.1 percent
Transaction activity appears to be under some subtle upwards pressure with year-on-year sales increasing by three-point-three percent.
The only capital city markets where the current quarterly rate of growth was higher (compared with the September 2015 quarter) was Hobart, Canberra and Adelaide.