Key takeaways
In February: Adelaide dwelling values rose by 0.3%
Over the quarter: Dwelling values increased by 1.2%
Over the past year: Dwelling values increased by 11.9%
Adelaide dwelling values are currently at a record high
The 0.3% rise in Adelaide dwelling values was the 23rd straight month of growth, but it was also one of the smallest in the growth cycle to date, a reminder that momentum is leaving the upswing as affordability challenges become more pressing and population growth winds down.
The trend has been favouring more affordable housing markets, including the unit sector, where growth conditions haven't slowed quite as much.
The upper quartile of Adelaide home values saw values rise by just 0.2% in February, compared with a 0.6% increase in values across the lower quartile of the market.
Adelaide house prices graph
You may also want to read: National Housing Market Update
