Adelaide house prices rose for the eighth consecutive quarter, climbing by almost $25,000 (2.5%) over the December quarter to reach a new record of $992,193. However, the pace of quarterly growth has slowed to about one-third of its rate in the previous quarter and is roughly half compared to the same time the year prior. Despite slowing growth, Adelaide is on track to surpass $1 million over the first quarter of 2025, needing just $7,807 (0.8%) to achieve this milestone. Annual gains have also slowed, yet remain strong at 14.6% ($126,000), positioning Adelaide houses as the second-best-performing market in 2024, behind only Perth.
Adelaide unit prices have risen marginally over the December quarter by just over $3,000 (0.6%), setting a new record of $541,573. Growth has significantly lost momentum, with the quarterly rate falling to about one-seventh of the pace of the previous quarter and the same quarter the year prior. This marks the weakest quarterly outcome since March 2023. Annual gains have also eased to their lowest level in a year, yet remain strong at 13.6% ($65,000), making Adelaide the third-best-performing unit market in 2024, behind only Perth and Brisbane.
The Williams’s were only in their 60s when they sold up the family home and moved into a retirement village in search of a globetrotting lifestyle of leisure. When they aren’t leading travel groups – described as Contiki for seniors – around the world, Julie, 72, and Kevin Williams, 76, … Read more
The Reserve Bank of Australia (RBA) has again kept the cash rate on hold this month, rounding out a year of no cash rate movement. While many of us were hoping for a cash rate cut this year, factors including high inflation and low productivity have led the RBA to … Read more