Adelaide housing values have slipped slightly lower over three of the past four months, dragging the three trend into negative territory and reducing the annual gain in values to just 0.3%.
CoreLogic has released their newest housing market update for May 2019.
Along with Canberra and Hobart, Adelaide is one of only three capital cities to record an annual rise in housing values.
Houses and untis are recording a similar performance, with values across both product types rising by 0.3% over the year.
Local rental markets remain relatively sluggish, with weekly rents up only 1.4% over the past twelve months.
With housing values holding reasonably firm and rents slowly rising, Adelaide rental yields are trending higher, rising from 4.38% a year ago to 4.43% in April.
You may also want to read:
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.