The July 2017 CoreLogic Home Value Index results recorded a 1.5% rise in dwelling values across the combined capital cities for the month.
Adelaide’s housing market has continued to trend steadily higher with twenty values 1.1% higher over the month to be 2.5% over the year to date.
Dwelling values are rising only slightly faster than inflation and wages which is provided for very affordable home prices but not a great deal of wealth creation compared with markets like Sydney and Melbourne.
In a positive sign the average selling time is reduced compared with a year ago indicating a strengthening selling environment which could support some additional price pressures in the market place.
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