Adelaide real estate prices continue to increase, defying national downward trend
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Loading... - Clara Andersen
- 25 Jan 2023
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Adelaide is the only capital city market with new record high house and unit prices, bucking a national downward trend, according to the latest report from real estate company Domain.
Key points:
- 1. Elizabeth South houses had the highest price growth over the past year
- 2. Prices overall in Adelaide were up 10 per cent
- 3. Nationally, prices were down 5 per cent
According to the report, Adelaide property prices have continued to rise since December 2021, with a minor increase in the past four months.
Houses in Elizabeth South, Elizabeth North and Croydon Park experienced the highest price growth during the last quarter, along with units in Glenelg North and Kurralta Park.
Adelaide home owner Jessica McHugh said she feels lucky to have landed a house for asking price in early 2021, after a year of navigating a highly competitive market.
Before this, Ms McHugh, who is eight months pregnant, was living with her partner in his two-storey townhouse. Read More…
