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Adelaide Housing Market Update [Video] – May 2016

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.

CoreAde

 

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:

Brisbane Housing Market Update [Video] – May 2016

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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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