The Adelaide property market continues to demonstrate strong performance. 

The housing market in Adelaide has experienced a significant increase in prices, with a rise of 14.81% over the past year and a 0.58% increase in July alone. The median value of a dwelling in the South Australian capital now stands at $770,000. This growth is further supported by rising interest rates and robust rental yields, making Adelaide an attractive market for both investors and homebuyers​.

Adelaide’s property market in August 2024 shows robust growth, high demand, and affordability compared to other Australian cities. These factors create a favourable environment for both buyers and sellers. Buyers can take advantage of the affordable prices and strong rental market, while sellers can benefit from the high demand and strong property values.

When it comes to conveyancing in Adelaide, the process involves managing the legal aspects of property transfer, including documentation, communication, and ensuring all financial transactions are completed correctly. Adelaide is characterised by strong growth prospects, low vacancy rates, and rising rents, making it a compelling market for both buying and investing. 

Proper conveyancing is crucial to ensure smooth and legally compliant transactions.

Whether you’re a buyer, seller, or investor, stay tuned to see what the next months bring to the Australian and South Australian property markets!

For all your conveyancing needs and professional assistance, please contact us:
Phone: 0413 783 166
Email: sue@easternconvey.com.au

Sources:
https://www.realestate.com.au/insights/proptrack-home-price-index-july-2024/
https://www.corelogic.com.au/__data/assets/pdf_file/0017/23651/CoreLogic-HVI-Aug-2024-FINAL.pdf
https://propertyupdate.com.au/adelaide-housing-market-monthly-update-video/