Adelaide was one of the few capital city markets where the pace of capital gains in April was higher than six-month average.
Values ticked 0.4% higher over the month, continuing what’s been a relatively steady and sustainable pace of growth that has been evident since September last year.
The rise in values was broadly based, with each of Adelaide’s sub-regions recording a rise in home values over the month, led by Adelaide West where values were nine-tenths of a percent higher in April.
New listing numbers were down 38% compared with a year ago, reflecting a substantial drop in advertised supply levels, and rental markets softened, with rents slipping 0.1% in April.
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