Adelaide’s dwelling values posted a second consecutive monthly rise in November, up half a percent to be nine-tenths of a percent higher over the quarter.
Adelaide’s housing market has been under-performing relative to most of the other capitals, however, the flip side is that housing remains very affordable; in fact, it’s Adelaide’s most affordable quarter of the market where values have shown a stronger growth result.
Dwelling values across the lower quartile are 2.0% higher over the past twelve months compared with a 2.6% drop in values across the upper quartile of the market.
Local rents are up 1.7% over the past twelve months — although that is a soft result, Adelaide rental growth is tracking above the capital city average where rents were only 0.4% higher over the past year.
You may also want to read:
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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