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Adelaide Housing Market Update [Video] – July 2017

Adelaide dwelling values held reasonably steady over the June quarter down 0.2%, as a result of a weaker performance across the unit sector.

Detached housing showed a much stronger result with values up half a percent over the June quarter to be 2.7% higher over the past 12 months. ultimate_adelaide_tour_big_0

Compare with a 1.3% fall across the unit sector over the year, selling conditions have improved substantially across Adelaide over the year with homes now selling in 44 days on average, compared with about 52 days a year ago as well as an improvement in vendor discounting rates.

Across the combined capitals, the annual pace of capital gains has eased from 12.9% three months ago to 9.6% at the end of June 2017.

Rental yields houses and units

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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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