The Adelaide housing market held some momentum in November.
Adelaide’s housing market has seen values continue to increase, however the rate of growth does appear to be slowing.
Dwelling values were unchanged in November and only 1 percent higher over the past three months.
Over the last 12 months dwelling values of increase by 3.4 percent, which is the slowest annual rate of growth for a year.
Over the past year house values have increased by 3.7 percent while unit values are just 0.9 percent higher.
While value growth appears to be slowing, Adelaide remains significantly more affordable than other mainland capital cities and sales volumes have increased by 0.9 percent from a year ago, suggesting there has been a moderate lift in buyer demand.
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.