Adelaide was one of the few capital city housing markets where the pace of capital gains accelerated in April, rising from 1.5% in March to 2.0% in April.
April marked the fastest pace of monthly appreciation since December 2007, just prior to the GFC-induced downturn.
Like every other capital city, Adelaide’s unit market has underperformed through the upswing.
Unit values are 4.8% higher over the past year while house values have risen at more the double the rate, up 11.1%.
Estimated sales volumes were tracking 36% above the five-year average in April, while advertised listings were about 30% below the five-year average.
With demand strong and advertised supply levels so low, it’s likely we will continue to see housing values rise across the Adelaide housing market.
You may also want to read:
National Housing Market Update [Video]
Perth Housing Market Update [Video]
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'Adelaide Housing Market Update [video] | May 2021' have 2 comments
October 18, 2019 Frontline
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