Adelaide still remains the nation’s strongest capital city housing market, with house prices increasing a further 1.3% last month.

So far through the growth cycle, Adelaide housing values have increased by a strong 44%, adding an estimated $197,000 to the median dwelling value.

Majority of the growth has been focussed on houses rather than units, with housing values up 48% and units at a lower 23% increase.

Advertised supply levels remain -16% below a year ago and -39% below the previous five-year average. As such, it is likely that prices will continue to increase over the coming months, but at a slowing rate as interest rates rise and affordability dampens demand.

to stand out as the nation’s strongest capital city housing market, with dwelling values up a further 1.3% in June.
Through the growth cycle so far, Adelaide housing values have increased by 44% adding roughly $197,000 to the median dwelling value.

Most of this growth has been centred in the housing market rather than units, with values up 48% through the cycle to date, while unit values are up a smaller 23%.

One of the key factors pushing up prices is the ongoing shortage of advertised supply.

With advertised supply levels still -16% below a year ago and -39% below the previous five-year average, it’s likely sellers will continue to see prices rising over the coming months but at a slower pace as interest rates rise and affordability dampens demand.

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