The Adelaide housing market held firm in August with dwelling values unchanged over the month and at 5.2% over the past 12 months.
While capital gains remain relatively sedate across Adelaide compared to a year ago, housing markets have shown an improvement.
National dwelling values remained flat during August, with capital city values edging 0.1% higher.
Simultaneously, regional dwelling values slipped 0.2% lower.
This steady result provides further evidence that the housing market has moved through its peak growth phase.
In Adelaide, the annual rate of capital gains from a year ago have almost doubled from 2.2% a year ago to 5.2% over the last 12 months.
Homes are selling faster, averaging 49 days and vendors are discounting the prices, which plies that selling conditions have tightened.
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.