Adelaide Housing Market Update [video] | August 2018

Adelaide dwelling values are generally trending upwards, but on a subtle trajectory.

Core Logic has released their newest housing market update for August 2018.

 

Values nudged 0.1% lower in July but were 0.7% higher over the rolling quarteer.

A uear ago, the annual growth rate across Adelaide was tracking at 5.4%, however the annual trend has moderated to just 0.7% at the end of July, highlighting a sharp slowdown in the pace of capital gains.

Despite the slower growth conditions, settled sales activity has held firm, in fact, ticking 02.% higher on year.

Adelaide was the only capital city to record a rise in settled saled activity over the year.

While the past five years has seen the strongest growth conditions skewes towards the most expensive end of the market, the latest data shows annual growth has transitioned towards the lower end and middle of the market where the annual change in dwelling values has been 1.5%.

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About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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