Adelaide values have increased by four-point-seven percent of the first seven months of the year and therefore eight percent higher over the past 12 months despite local economic uncertainty.
Growth in values is picked up over recent months and house values have increased by five percent over the past year compared to a much lower two-point-six percent growth rate.
Across the unit sector transaction numbers are also looking reasonably resilient across Adelaide with dwelling sales only two-point-seven percent lower.
Adelaide is one of the two capital cities where dwellings are selling faster than a year ago, currently averaging 52 days to sell a property.
The faster rate of sales comes with a high discounting rabo suggesting Adelaidevendors need to and have been more flexible with their pricing expectations in order to achieve sales.
Hobart, where the growth trend has recently accelerated, has been the next best performer with values rising 17.6 per cent over the growth cycle followed by Adelaide (14.3 per cent).
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.
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.