Market Update – November

Adelaide’s property market is on fire!

In the recent September quarter, housing values here have surged by a solid 4.3%, and guess what? That’s made Adelaide the frontrunner among Australia’s capital cities for property value growth.

Advertised property listings are 39% lower than the five-year average for this time of the year. At the same time, the buying activity is soaring, standing at a remarkable 10% above the five-year average. It’s like a balancing act, with a limited supply of homes and a booming demand, and this mix is a key contributor to the continuous surge in property values in Adelaide.

Our housing market has shown incredible resilience and unwavering strength. It’s recovered swiftly after a slight 1.7% dip in property values during a brief downturn earlier this year, and the positive momentum we’ve gained since June shows no signs of slowing down.

We don’t see any big increase in advertised property stock on the horizon, which means Adelaide’s home values are likely to keep climbing. This fantastic performance reflects the broader Australian housing market, which is making a strong comeback. National dwelling values are now just 1.3% below their all-time high.

Adelaide’s property market is a testament to the resilience of the Australian real estate sector, and it underscores the consistent demand for homes in our beautiful city.

Whether you’re thinking about buying or selling, these conditions are creating an exciting landscape for property transactions in Adelaide and South Australia in the months ahead.

For all your conveyancing needs and professional assistance, please contact us:
Phone: 0413 783 166