Theresa Worrell: Adelaide Housing Market Update [video]

Adelaide housing values have trended lower across six of the past eight months, recording a 0.2% fall in August.

CoreLogic has released their newest housing market update for September 2019.

The downward trend is evident across both houses and units, although houses have recorded a slightly larger decline relative to units over the past three months, down 1.1% for houses compared with a 0.9% fall in unit values.

On an annual basis, Adelaide unit values have recorded a mild capital gain, rising half a percent while house values are 1.4% lower.

Despite the relatively soft reading on values, Adelaide sales activity has started to trend higher, implying an improvement in buyer demand and potentially signalling a return to growth in values over the coming months.