Adelaide’s dwelling values posted a second consecutive monthly rise in November, up half a percent to be nine-tenths of a percent higher over the quarter.
Adelaide’s housing market has been under-performing relative to most of the other capitals, however, the flip side is that housing remains very affordable; in fact, it’s Adelaide’s most affordable quarter of the market where values have shown a stronger growth result.
Dwelling values across the lower quartile are 2.0% higher over the past twelve months compared with a 2.6% drop in values across the upper quartile of the market.
Local rents are up 1.7% over the past twelve months — although that is a soft result, Adelaide rental growth is tracking above the capital city average where rents were only 0.4% higher over the past year.
You may also want to read:
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.