In the eyes of home buyers, Adelaide is becoming more and more attractive, and the key reason is that Adelaide's property is barely affected by the decline in house prices in Australia.
Markets in Melbourne and Sydney have stagnated, leaving more and more buyers and investors looking to Adelaide. Adelaide has maintained steady price growth in recent years, seemingly unaffected by the heat and cold of other markets. Adelaide's market "looks as strong as ever," according to realestateview.com.au analysis, when prices in Australia, especially in cities on the east coast, fell. Many market watchers believe that Adelaide house prices will continue to rise in 2018.
Home prices in Adelaide rose 0.3 percent in the last quarter of 2017, with median home prices reaching a record high of about A $465000, compared with a 0.3 percent decline across the country, according to CoreLogic data. Herron Todd White, a professional analyst, believes Adelaide's stand-alone house, (House), will continue to be bullish, and says Adelaide has the best prospects for property gains between five hundred thousand and 1 million. Meanwhile, sales of Adelaide's CBD apartment grew significantly in the past year, with the price of the Adelaide apartment also rising to five hundred and five thousand.
It is such good results that Adelaide is attracting more and more interstate investors. In 2017, realestate.com.au recorded more than 4.6 million queries to Adelaide properties from Sydney and Melbourne, up 9 percent from the previous year. This shows that investors believe Adelaide house prices will continue to rise, investment returns are good.