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Adelaide Housing Market Update [Video] – December 2016

The Adelaide housing markets showed a strong result for November with quality index showing a 2.9% rise in dwelling values.

November dwelling values are 4.7% higher over the 12 months with most of their growth concentrated within the detached housing sector.

coremonth635097909 - view of downtown area in adelaide, south australia, at twilight

Rental markets are not as strong with weekly rent slipping lower over the past 12 months

Across Adelaide despite slightly lower rents, gross rental yield to remain above the combined capitals average with Adelaide house is averaging a 3.9 percent yield.

With household debt at record levels, Australians are very sensitive to the cost of debt, and an expectation that the period of record low mortgage rates is approaching an end may reduce buyer demand.

You may also be interested in reading:

Brisbane Housing Market Update [Video] – December 2016

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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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