Adelaide’s home values continued to track higher with little evidence of a slowdown in the pace of capital gains.
Housing values were up 1.9% in September, only slightly down from the cyclical peak rate of growth, recorded in April when values increased by 2% over the month.
Dwelling values are up 19.1% over the past 12 months, which is the highest rate of capital gain since 2004.
Market conditions remain in favour of the seller, with advertised stock levels tracking -31% below the five-year average, while the number of home sales was 44% above the five-year average in September.
Across the sub-regions of Adelaide, the annual change in dwelling values ranged from a 4.5% lift in values across Adelaide City through to a 31.9% rise in Burnside.
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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