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Adelaide Property Market Updates – 2024

Tune in to our Adelaide Property Market Update 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! 
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Adelaide Property Market Updates – 2024

Tune in to our Adelaide Property Market Update 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! 
Share this article with friends and family:
Facebook
Twitter
LinkedIn
Email
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Keep reading

 April 2024 – Adelaide Property Market Update

Key takeaways:

  • Adelaide is the strongest market nationally, 13% YoY increase. Interstate investors are keen to invest in Adelaide due to lower price points and increasingly high rental yields
  • In terms of properties, supply is really low and with an increasing number of buyers and a high immigration rate,  the market is standing in favour of existing investors. Rent median values now stand above median rent values in Melbourne. Rental yields now seem to be stabilizing
  • Interest rates are less likely to move now, with the Reserve Bank meeting less often they’ll remain constant for longer periods
  • When looking to buy, registering with real estate agencies directly will likely provide you the best value. A growing trend of properties being released to internal databases of customer before they are publically shared on big real estate portals will have you securing the best offer if you are directly registered with the agencies that operate in the areas you are keen to buy
  • There is an important housing supply issue which will continue to impact the property market, with lower building approvals than what is needed and intended by the government to ease our housing supply crisis

Click here to watch more Adelaide Property Market Updates! 

 

January 2024 – Adelaide Property Market Update

Key takeaways:

  • Buyers are extremely active in the marketplace, interest rate rises don’t seem to have dampened demand. A great time to be a seller
  • House-for-sale volumes are lower than they were last year at this time of the year maintaining levels at record lows, with the prospect of listing volumes starting to pick up towards February
  • Adelaide was the leading city in Australia for Property Market Growth in the December quarter, market growth is not showing any signs of stopping soon
  • Australia’s population is growing significantly, yet infrastructure and housing are struggling to keep up with this growth. As a result, prices are being pushed up with high demand surpassing supply
  • The nationwide value of property hit a new record last year, and there is great potential for that record to be exceeded this year
  • Interest rate drops could be on the horizon if inflation keeps moving down like it recently has
  • Adelaide rent costs have now surpassed Melbourne’s, showing massive growth throughout the past quarter and 12 months. At present, prices are starting to stabilize but are unlikely to decrease
  • Unit prices are now at record levels, and lots of units are being sold by agents before hitting the open market so it is advisable to register with them to receive the best insights and opportunities

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? You can learn more about property investment loans and home loans, or please leave your details below for one of our award-winning mortgage brokers to get in touch!

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