Adelaide prices on an uptrend

By Gerv Tacadena | 17 Nov 2020

Adelaide's housing market continued to show strength amid the COVID-19 pandemic, as it clocked its largest monthly gain since 2008.

According to the latest market update from CoreLogic, the median dwelling value in Adelaide rose by 1.2% in October to $455,425. The city led the overall growth in median value across the country in the past month.

"Relatively low housing prices, an effective flattening of the virus curve and the stimulus of low interest rates are likely to be the main factors behind the growth in housing values, said Tim Lawless, head of research at CoreLogic.

Every sub-region of Adelaide reported gains in dwelling values over the past three months. Onkaparinga registered the strongest quarterly growth at 5.4%.

John Lindeman, a property market analyst, said Adelaide is among the capital cities that exhibit good potential for investors who want to buy and hold. Furthermore, he said the median house price in the city is relatively more affordable than in other capital cities, making it more attractive to investors.

"It’s a property market that combines liveability and affordability with long term growth consistency and price stability," he said.

Top Suburbs : trott park , alderley , whyalla , west wodonga , eagle vale

SHARE

Get help with your investment property


Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

 
How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here