The trend in growth rates across the smaller capital cities was mixed with dwelling values across Adelaide continuing to inch higher.
Adelaide dwelling values were 2% higher over three months ending May 2017 and annual capital gains were recorded at 2.9%.
The growth has been mostly attributable to detached housing stock warehouse values have increased by 3.1% over the past 12 months while unit values have held reasonably firm with a rise of just 0.3%.
A subtle 0.6% rise in year-on-year settled sales indicates a slight increase in buy demand particularly for detached houses where settled sales we’re one-and-a-half percent higher over the year compared with a 1.9% fall in the number of settled unit sales.
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National Housing Market Update [Video] – June 2017
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