Adelaide housing values were up 1.7% in July taking the annual growth rate to 15.7%.
The highest level since the Global Financial Crisis.
Housing demand has surged across Adelaide with the number of home sales over the past year the highest since 2002.
With demand at the highest level in almost two decades, advertised supply levels are around record lows.
Active listings numbers were around 34% below the five-year average at the end of July, demonstrating a severe shortage of available supply that is keeping upward pressure on housing prices.
Across the sub-regions of Adelaide, the pace of annual capital gains ranges from a 26.8% lift in values across Burnside through to a 3.4% rise across the inner-city precinct.
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National Housing Market Update [Video]
Perth Housing Market Update [Video]
from Property UpdateProperty Update https://propertyupdate.com.au/adelaide-housing-market-monthly-update-video/
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