Slow and steady seems to be the way is which the Adelaide market is heading according the the latest results.
Home values in Adelaide have increased by 3.9% in the past 12 months, however growth in the first 12 months of 2016 has been stronger with values of 4.6%.
Adelaide continues to only see moderate increases and doesn’t appear to show sign of acceleration compared to the other capital states.
Dwelling values across the combined capital cities of Australia rose by 1.6% in May with house values driving most of the capital gains, up 1.8% compared with a 0.1% rise in unit values.
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.