A more subtle growth trend is evident in Adelaide which running values are up by 4.4% and three-point-one percent over the past 12 months.
Despite a week result in August with 20 values falling by 1% of the month the annual train has seen 20 values rise by three-point-one percentwith most of the growth concentrated in the detached housing sector.
Sector unit values remain relatively flat over the year recording a growth rate slightly below 1% the average selling time across Adelaide held reasonably firm
The CoreLogic Home Value Index recorded a 1.1% rise in dwelling values in August, with six of the eight capital cities recording a lift in dwelling values over the month.
Despite a strong month-on-month reading, the pace of annual capital gains has trended lower compared with the 2015 peak in growth conditions, when capital city dwelling values were rising at 11.1% per annum.
The August Home Value Index shows a substantial difference between the performance of house and unit values.
At a combined capital’s level, house values rose by 7.2% over the past twelve months, compared with a 5.5% rise in unit values.
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Perth Housing Market Update [Video] – September 2016
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