Australian and Adelaide real estate has been sitting in somewhat of a holding pattern recently, recording very modest growth and realistically only just keeping pace with inflation, according to the most recent release from RPData Rismark.
May 2014 saw the first drop in capital city prices since May last year, and Adelaide did nothing to help that statistic by falling 1.8%. Despite the fall we don’t suggest cause for concern as the quarterly and annual performance suggests the Adelaide market is quite steady (up 1.8% and 4.3% respectively). The combined capitals are up 10.6% with Sydney leading the charge (16.6% growth year on year).
Housing density has also been a hot topic of late so it may come of interest to some that the year on year growth of houses in Adelaide (4.5%) is currently outstripping that of units (1.2%). Rental yields sit at 4.3% for houses and 4.9% for units across Adelaide, both of which compare favourably with the capital city averages.
You can read the entire report at the link below, or contact BLOC Property to see if market conditions are likely to affect your property plans.