4/6 Australia’s Property Market All About The Rate Hikes ~ South Australia

We hope you’re enjoying our in-depth analysis of the property markets’ post-rate hikes.

Today, let’s dive into South Australia.

Adelaide’s property prices have decreased by 1.4% over the past quarter but remain 5.1% higher compared to a year ago, making it the top-performing capital city in terms of annual growth.

The rental market in Adelaide has also seen significant growth, with a rental increase of 12.6% over the past 12 months, second only to Brisbane’s 13.1% increase. This strong performance is driven by supply and demand dynamics, as property listings have decreased by 12% compared to the previous year, the largest decline among all capital cities and regional areas in South Australia.

The high demand for rental properties in Adelaide can be attributed to several factors. The successful handling of the COVID-19 pandemic in South Australia, with fewer lockdown days, has attracted individuals from larger cities. Additionally, the reopening of international borders has led to an influx of overseas migrants and international students, as Adelaide offers advantages for permanent residency and affordability compared to other major cities.

Feel free to reach out to us at 1300 372 677 or info@integrityx.com.au if you have any further questions.

Next update on Western Australia.

~Integrity Team

😀If you want more information on how to succeed at property investing, order your copy of Daimien’s book Wealth Through Property?
The smart investor’s guide to fast-tracking your financial freedom through property investment. CLICK HERE

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.