Growth conditions across the Adelaide housing market have eased over recent months, with dwelling values edging 0.4% lower over the first quarter of the year.
Core Logic has released their newest housing market update for April 2018.
The negative result was the byproduct of a 0.5% fall in house values which was offset by a 0.5% rise in unit values over the quarter.
Over the past twelve months, Adelaide dwelling values are up 1.7% and transaction volumes are 1.3% higher year on year, highlighting a reasonably steady but mild trend in housing market conditions.
The soft housing trend is partly attributable to weak population growth, however jobs growth has been ramping up across South Australia which should help to support a turnaround in interstate migration which would buoy housing demands.
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