Adelaide’s housing market has moved from strength to strength over recent month, with home values reaching a new record high in October.
Dwelling values were 1.2% higher in October and that was the largest monthly gain since early 2008, just before GFC induced correction.
Relatively low housing prices, an effective flattening of the virus curve and the stimulus of low interest rates are likely to be the main factors behind the growth in housing values.
From a geographical perspective, every sub-region of Adelaide has recorded a rise in values over the past three months.
The strongest growth conditions were in Onkaparinga, where housing values are estimated to be 5.4% higher over the rolling quarter.
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