Adelaide saw dwelling values continue to trend higher at a sustainable pace with increases of 3.4% respectively over the past twelve months.
House values are rising at about double the pace of unit values.
house values were 3.6% higher over the past 12 months while Adelaide unit values increased by only 1.7%.
Despite their reasonably soft but steady rate of capital gain in Adelaide rental markets have remained subdued, weekly rents have risen by 1% over the past 12 months with the unit sector experiencing a decline weekly rents over the year.
Dwellings are taking a little bit more than two months to sell on average which is slightly faster than the same time a year ago.
YOU MAY ALSO BE INTERESTED IN READING:
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.