Adelaide Market
Data
>>
Adelaide
city is surrounded by green parklands, the hills of the Mt Lofty Ranges and
the waters of the Gulf St Vincent. Although Adelaide is known as the 'city
of churches' it is also the city of festivals attracting performers and visitors from
across
Australia
and overseas.
Market
Update – March quarter 2009*
|
Adelaide |
Mar
quarter median
|
%
change
Dec 08 – Mar 09 |
%
change
Mar 08 – Mar 09 |
|
House Price |
$353,000 |
-1.9 |
-3.3 |
|
House Rent (3 b/r) |
$290 pw |
+3.6 |
+7.4 |
|
Unit
Price |
$275,000 |
-5.2 |
0.0 |
|
Unit
Rent (2 b/r) |
$240 pw |
0.0 |
+9.1 |
|
Vacancy rate |
1.8 |
+0.6 |
+0.1 |
*
This is the
most up to date available - property data is released 3 months after the end
of each quarter.
Source: Real Estate Institute of Australia
Comment:
Adelaide’s residential house prices eased in the March quarter which follows
on from previous quarters which indicated the market is slowing after a
strong upswing which commenced in 2000. Rental vacancy remains very tight
which will keep pressure on rents which are responding with consistent
increases. Having said that, Adelaide is not expected to continue its
stellar performance and we would be wary of further investment in this
market at present.
Detailed
Market Information:
For more detailed property market information
click here,
or contact Quartile toll free on (02) 9499 4999.
Adelaide
| Brisbane | Canberra
| Cairns
| Gold Coast | Melbourne
| Perth | Sydney
