Key takeaways
In October: Adelaide dwelling values rose by 1.1%
Over the quarter: Dwelling values increased by 4.1%
Over the past year: Dwelling values increased by 22.6%
Adelaide dwelling values are currently at a record high
Adelaide is showing little signs of losing momentum, with housing values rising a further 1.1% in October, the eighth month in a row where values have risen by more than 1% month on month.
The latest rise has added approximately $8,540 to the median dwelling value across the city. The local unit market is driving the strongest gains, with values up 18.5% over the past 12 months, while house values have gained 14.5%.
Similarly, the lower quartile of the housing market is driving the strongest value gains, up 21.2% over the past year, while upper quartile values have increased at almost half this rate, up 12%.
Adelaide house prices graph
Rental markets are slowing down, but rents are still rising.
You may also want to read: National Housing Market Update
