Adelaide may just be what the housing doctor ordered

Based on real estate results for the first quarter of 2019 for Adelaide and comparisons with some of the other Capital Cities home owners and investors in South Australia should be pleased.

As already reported in January in the Financial Review:

Adelaide’s housing market may not be known for sky rocketing capital return like Sydney and Melbourne but it may offer just what homeowners are looking for now – stable prices.

Domain data shows growth in Adelaide’s prices has outpaced inflation by an average of 2.5 percentage points each year for the past five years.

While homes in Adelaide did not post double-digit value appreciation like Sydney and Melbourne in that time, it would also not experience the vast decline expected to hit the two larger cities this year.

In its forecast in November last year, SQM Research said the South Australian capital could return up to a 3 per cent house price growth in 2019 or in a worst case scenario a 2 per cent fall in price, but, it will fare better than Sydney and Melbourne, which are forecast to post declines in house prices of between 6 and 9 per cent.

Core Logic Index results as at 31 March 2019
	Change in dwelling values	Change in dwelling values	Change in dwelling values	Total	Median
City	Month	Quarter	Annual	Return	Value
Sydney	-0.90%	-3.20%	-10.90%	-7.80%	$782,473
Melbourne	-0.80%	-3.40%	-9.80%	-6.60%	$624,425
Brisbane	-0.60%	-1.10%	-1.30%	2.70%	$489,832
Perth	-0.40%	-2.90%	-7.70%	-4.00%	$442,716
Adelaide	-0.20%	-0.50%	0.80%	5.10%	$426,990

If you are currently living in one of the North Eastern suburbs or Eastern suburbs and considering moving in the near future, then you may be interested in finding out the market value of your home.

Please call me for a free appraisal on 0409 678 700. Click here to email me!