Adelaide Property Market – Prices, Trends, Forecast [June 2025]

Adelaide’s property market has remained on a steady upward path, showing resilience and moderate strength amid broader national trends. With consistent monthly and quarterly growth, it continues to benefit from favorable conditions like improving sentiment and a relatively contained cost of living.

Adelaide Property Price Growth

• Monthly growth: +0.4%
• Quarterly growth: +1.3%
• Annual growth: +7.9%, among the higher growth rates across capital cities
• Median dwelling value: $731,127
• Adelaide’s housing values are now at peak, showing no decline from previous highs.

CoreLogic Home Value Index

CoreLogic Home Value Index, Released on 2nd June 2025

Adelaide Property Market Trends

• Adelaide’s growth is part of a broader national convergence trend, where capital city growth rates are tightening.
• The upper quartile in Adelaide’s market is growing at a stronger pace than the lower end, indicating robust demand for premium housing.
• In terms of rental trends, Adelaide’s annual rent growth for houses was 4.6%, and for units 7.1%, both among the strongest across capital cities.
• Gross rental yield for dwellings in Adelaide stands at 3.7%, slightly above the combined capital average of 3.5%, indicating solid investor interest.

Change in dwelling values over key time periods

Adelaide Property Market Forecast

While not city-specific, the national outlook suggests further housing value growth is likely due to:

• Expectations of interest rate cuts in the near term.
• Growing confidence post-federal election.
• An ongoing underbuild of new housing stock.

These factors support continued upward pressure on prices in cities like Adelaide, especially those already demonstrating resilience and growth.

The Reserve Bank of Australia’s ongoing adjustments to interest rates will likely play a crucial role in shaping market dynamics, as higher borrowing costs limit purchasing power for many buyers.

Here are some of the most recent forecasts by the big-4 banks in Australia:

• ANZ predicts a 5-6% increase in capital city property prices in 2024, with Brisbane expected to see the highest rise at 9-10%, Perth property values could go up by 1-11%, Sydney by 4-5%, and Melbourne prices by 2-3%.
• CBA forecasts a 5% rise in capital city prices, with some variations: Brisbane is anticipated to grow by 6%, Melbourne and Perth by 5%, Sydney by 4%, and Adelaide by 1%.
• NAB projects a 5.4% average increase across the capitals, with Brisbane expected to see a 6.5% rise, Perth and Adelaide by 6.2%, Melbourne by 5.5%, Sydney by 5%, and Hobart remaining flat.
• Westpac expects a 6% growth across the combined capitals, with Perth leading at 10%, followed by Brisbane at 8%, Sydney at 6%, Adelaide at 4%, and Melbourne at 3%

Oxford Economics recently released property forecasts predicting where house prices will be in three years.

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Conclusion for Homeowners

Adelaide stands out as a consistently performing market, with strong annual growth and rising rental values. Its market is not only at its peak but also continuing to build momentum, making it an appealing destination for both homebuyers and investors. Provided macroeconomic factors align—particularly anticipated rate cuts—Adelaide is well-positioned for sustained growth through the rest of 2025.

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