Adelaide housing values rose one other 1.9% in March, taking the median dwelling worth to roughly $603,000.
The month-to-month rise was the second-highest acquire of any capital metropolis, after Brisbane.
Yearly dwelling values are up 26.3%, including roughly $125,000 to the worth of a typical dwelling over the yr.
One of many key elements pushing up costs is the continuing scarcity of marketed provide.
Complete marketed listings are greater than 40% under the earlier five-year common, whereas whole gross sales have been estimated to be 53% above the earlier five-year common by the primary quarter of the yr.
A part of the attractiveness of Adelaide is the comparatively low housing costs.
With a median home worth of $740,000 decrease relative to Sydney and $340,000 decrease than Melbourne.
You may additionally wish to learn:
Nationwide Housing Market Replace [Video]
Perth Housing Market Replace [Video]
Sydney Housing Market Replace [Video]
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