The real estate market in Adelaide is doing well coming into 2020, with values on the rise just like with the rest of the Australian market over the last six months.
Both unit and house values, much like rental yields, have been on the rise. As of January 2020, the median dwelling price in Adelaide is $433,845 with houses at $469,270 and median unit values of $323,611 – although this is overall a 0.5% annual decrease in dwelling values since 2018, things are improving. Rentals yields are doing well and are on the rise for Adelaide, houses are up a gross percent of 4.3% at $360 with units up 5.4% and currently sitting at around $370.
The average number of days on the market for sale properties has pushed higher this year, with 49 days on the market being the average as of January 2020 which is slightly greater than the 46 days of 2018. Auction clearance rates, which were at 65.8% last year have also risen to 71% annually as of early January 2020.