Adelaide housing values finished the financial year 13.9% higher, with house values substantially outpacing the unit sector with a growth rate of 15.2% and 4.6% respectively over the year.
Adelaide has earned a reputation as a consistent performer with dwelling values rising over 21 of the past 24 months.
Buyer demand has remained high with annual sales activity tracking about 31% above the five-year average in June.
While buyer demand is well above average, advertised supply remains extremely low.
Approximately 5,200 homes were available for sale in June, almost 30% below the five-year average and acquainting to only 1.8 months of supply based on the run rate of sales.
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] | July 2021' have 2 comments
October 18, 2019 Frontline
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