January 2025 – Adelaide Property Market Update
Key Takeaways:
- Supply and demand are slightly more level, but demand remains strong
- Adelaide, Perth and Brisbane are outperforming major cities, Melbourne and Sydney, as strongest markets
- Post-COVID, Adelaide’s market has gone up 71%
- The market is unlikely to decrease in value; don’t wait!
- Rental news:
- Since an influx of immigrants last year (highest ever recorded), there has been an undersupply of rental properties, leading to an increase in costs
- Due to unaffordability, rental yields have begun to plateau
- The average rent is $616 per week
Advice for Buyers:
- Know your entitlements: Are you a first-home buyer? There are several Government Grants and incentives that could help you get into your own home sooner. Chat to a member of our team or register for our free seminar, ‘How to Buy your First Home with Little or No Deposit’, to start capitalising on these schemes.
- Stay ahead: Register for Turner Exclusive to receive their list of available properties, tailored to your needs.Stay ahead: Register for Turner Exclusive to receive their list of available properties, tailored to your needs.
Advice for Sellers:
- Don’t wait: If you’re ready to sell your property, now is a very good time, considering the high demand
- Give your property some TLC: Neatening your property, or even spending a little on marketing, could earn you thousands more!
