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Adelaide Property Market Update 2022

Tune in and read through as Managing Directors Marissa Schulze from Rise High, and Lachlan Turner from Turner Real Estate, go live each quarter on Facebook to discuss the latest trends in Adelaide’s Property Market! 
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Adelaide Property Market Update 2022

Tune in and read through as Managing Directors Marissa Schulze from Rise High, and Lachlan Turner from Turner Real Estate, go live each quarter on Facebook to discuss the latest trends in Adelaide’s Property Market! 
Share this article with friends and family:
Facebook
Twitter
LinkedIn
Email
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Keep reading

October 2022 – Adelaide Property Market Update

Key takeaways:

  • Adelaide’s market performance remains strong. Clearance rates out-paced other states’ by 10-30%, revealing that roughly 86% of properties are currently being sold during auction
  • Market demand remains strong outpacing supply. Interest rates have softened the market, but with demand staying constant, there is great potential for market growth in Adelaide around mid-late 2023
  • Rental yields have continued to increase but will probably start to flatten out
  • Adelaide remains the second cheapest market in the country right behind Tasmania
  • It is a great point in time for buyers to be very active and get into the market. Areas such as Callet Cove, Noarlunga, Christies Beach, Moana and all the way through to Sellicks Beach have great potential for growth
  • From the property management side of things, vacancies remain to be at significantly low levels

June/July 2022 – Adelaide Property Market Update

Key takeaways:

  • During the last quarter, the market has softened. Adelaide’s market remains strong outperforming virtually every single capital city with a growth of 0.4%
  • Price-point wise, the most active sector of the market stands within the $400,000 -$700,000 mark (what would be considered mainly the First Home Buyer section of the market)
  • Demand and supply are starting to even up, moving forward we expect the market to stabilize establishing a new base level for housing values
  • Rental Yields have also experienced growth, with yields in Adelaide showcasing a rise of about 10%
  • Rising interest rates have not necessarily stopped buyers from purchasing property
  • Buyers are currently experiencing a much friendlier environment to enter the market, whilst sellers are most likely at an optimal point to sell before the market continues to soften

May 2022 – Adelaide Property Market Update

Key takeaways:

  • During the last quarter, Adelaide’s Market growth outperformed any other Australian capital city’s
  • Growth remains the forecast, with friendlier conditions for new investors and homebuyers to enter the market
  • Demand remains strong outstripping the level of supply. Eventually, supply and demand should start to balance each other more, as new conditions that include increased interest rates announced take effect
  • The Adelaide market has also been performing well with extremely strong growth in rental yields. This has encouraged interstate and local investment
  • For property investors and homeowners looking to sell, now might be great timing to take action

February 2022 – Adelaide Property Market Update

Key takeaways:

  • Across Australia, Adelaide and Brisbane remain the two strongest performing markets carrying through the momentum from last year
    • Adelaide has gone up roughly 7.2% during the last quarter, representing over 23% growth in the past 12 months
    • Net inflow, housing affordability and stock levels in Adelaide are the three main factors that have contributed to this growth
  • Housing preferences have changed massively as a result of the ongoing pandemic
  • Rental yields in Adelaide have experienced the highest growth since 2007, positively impacting property investors. The forecast is sustained growth during upcoming months
  • For home buyers who experienced buyers fatigue last year and are wondering whether now is the perfect time to get back into the market, the best advice is to go for it and get in the market to make the most out of current market growth forecasts
  • It is a sellers market which continues to rise

Watch the full video to get the full insight into our Adelaide Property Market Update! Some important insights for property investors (South Australian or interstate) looking at rental income or interested in selling their existing properties!

 

Click here to watch more Adelaide Property Market Updates! 

Keen to know more about the best opportunities for you given the current state of the market? Please leave your details below for one of our award-winning mortgage brokers to get in touch and explore your home loan and property investment loan options!

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