Adelaide has finished at the best performing capital city over the last 3 months with a +4.5% result.
Across the country, housing market trends remain mixed. CoreLogic RP Data research noted that the improvement in the rate of capital gains has been ‘broad-based’ during 2016 with every capital city.
Home value in Adelaide have increased by 2.4% over the first quarter, which has taken to annual rate to 3.2%.
House value has increased by 3.3%, while unit values have increased 2%.
House rent conditions are not as stong with rent falling 1.1% over the past 12 months, while unit rents remain unchanged.
Over recent years home values in Adelaide have generally increased, however the rate of value growth has remained moderate.
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.