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Adelaide Housing Market Update [Video] – September 2016

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 ultimate_adelaide_tour_big_0

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:

Perth Housing Market Update [Video] – September 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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