Adelaide Market Trends
Investors and first-time buyers are driving the Adelaide market, resulting in record-high property prices in October, with no signs of slowing down.
According to the PropTrack report, October marked the 10th consecutive month of national home price growth, with most capital cities reaching record highs.
Key Statistics
- National home prices rose 0.6% in October and 7.5% over the past year.
- The median home value increased by roughly $65,200 to $858,000.
- The combined capital cities saw a 0.6% rise in October and a 7.4% year-on-year increase.
- Growth over the past five years reached 47.0%.
Adelaide and Brisbane led the monthly growth across the capitals, with increases of 1.2% and 0.9%, respectively.
Author's summary: Adelaide market sees record-high prices.
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