Hotspotting Podcast | Episode 73 - Adelaide The Quiet Achiever

Posted on 11/12/2018  
Hotspotting Podcast | Episode 73 - Adelaide The Quiet Achiever

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The nation’s 2 biggest data sources have noted the quiet steady performance of the Adelaide market.

Both Domain and CoreLogic have recorded the SA capital as out-performing other cities, especially in comparison to the general decline in Melbourne and Sydney.

Domain has labelled Adelaide as “the quiet achiever” which is too often overlooked, while CoreLogic has termed Adelaide “the slow and steady” hare of the nation’s property markets (although I assume they mean tortoise, not hare).

In addition, the state Valuer-General has recorded solid growth in Adelaide prices. According to the Valuer-General’s figures for the September Quarter, metropolitan Adelaide’s median house value has increased 4.3% for the year to reach $470,000.

Domain says in a recent report: “Job creation, higher wages and increased migration are all things that will contribute to higher housing values in Adelaide. Employment is a big factor, and in October this year the state’s unemployment rate eased to its lowest point since November 2012, at 5.5%.”

To discover five excellent locations in Adelaide, get the Top 5 Adelaide Hotspots 2018 report today.

 

 

 

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