You’ll often hear people say that the Adelaide property market is the one that is stable over time and doesn’t experience the degree of highs and lows of our interstate counterparts and that is still holding to be true in the current cycle. While transactions are slowing in South Australia, and there is a drop in values versus the record high of July 22, that decrease is just -2.1%. Sydney in comparison has lost -13.8% from its record high of January 22. It’s conceivable that there is more downside to come for Adelaide but the signs are encouraging for homeowners.
This blog from our sister company Eckermanns summarises the latest market information.
Link to the blog: Adelaide and Regional South Australian real estate continues to buck the national trend – Eckermanns – Conveyancers – Lawyers – Property Forms & Services