Adelaide Housing Market Update [video] | May 2019

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.

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You may also want to read:

NATIONAL HOUSING MARKET UPDATE [VIDEO] | MAY 2019

PERTH HOUSING MARKET UPDATE [VIDEO] | MAY 2019

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Tim Lawless

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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