A more subtle growth trend is evident in Adelaide which running values are up by 4.4% and three-point-one percent over the past 12 months.
Despite a week result in August with 20 values falling by 1% of the month the annual train has seen 20 values rise by three-point-one percentwith most of the growth concentrated in the detached housing sector.
Sector unit values remain relatively flat over the year recording a growth rate slightly below 1% the average selling time across Adelaide held reasonably firm
The CoreLogic Home Value Index recorded a 1.1% rise in dwelling values in August, with six of the eight capital cities recording a lift in dwelling values over the month.
Despite a strong month-on-month reading, the pace of annual capital gains has trended lower compared with the 2015 peak in growth conditions, when capital city dwelling values were rising at 11.1% per annum.
The August Home Value Index shows a substantial difference between the performance of house and unit values.
At a combined capital’s level, house values rose by 7.2% over the past twelve months, compared with a 5.5% 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.
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.