Market Update – July 2023

Adelaide housing values are up 0.9% in May the second consecutive lift following eight months of decline. With the market up 1.2% since March, Adelaide home values are only slightly off record highs. 

Over the last three months, housing values have increased by an average of 1.1%. Median dwellings values are now at $654,767, the third most affordable of all the capitals. The median housing value is $704,448 and unit values at $444,157. They are reflecting a relatively mild downturn in value through the interest rate hike. Relatively affordable housing prices, especially for interstate buyers, and tight stock levels are key factors supporting the upwards pressure on values.

Our team can help you reach your property goals in 2023! Whether you plan on buying or selling either commercial or residential property, Eastern Conveyancing is your SA conveyancer with over 20 years of experience.