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

Adelaide continues its strong upward trajectory, recording an annual dwelling value growth of 11.0%—one of the highest among the capitals. The median dwelling value stands at $827,675, placing it in the mid-range nationally. Adelaide is also currently at its market peak, reflecting sustained strength in local property conditions.

Adelaide Property Price Growth

Dwelling values rose 0.8% in March, 1.0% over the quarter, and have grown 74.2% over the past five years—demonstrating long-term resilience. Both houses and units saw growth, with house values up 0.8% monthly and units increasing 1.0%. Adelaide’s unit market also posted an impressive 13.9% annual growth, highlighting its growing appeal.

CoreLogic Home Value Index

CoreLogic Home Value Index, Released on 1st April 2025

Adelaide Property Market Trends

Adelaide is home to several of the top-performing SA3 regions in the country. Areas like Playford North (14.6%), Gawler–Two Wells (14.5%), and Salisbury North (13.0%) led the pack in 12-month dwelling value gains. These gains reflect broad-based demand, particularly in northern and coastal suburbs, driven by affordability and infrastructure access.

Additionally, gross rental yields remain solid at 3.7% overall (4.7% for units), positioning Adelaide as a favorable city for investors, especially compared to lower-yielding capitals like Sydney and Melbourne.

Change in dwelling values over key time periods

Adelaide Property Market Forecast

While Adelaide’s momentum is among the strongest nationally, growth is expected to moderate slightly as interest rates remain elevated and borrowing capacity stays constrained. However, low housing supply, stable labor markets, and consumer confidence are likely to underpin values and prevent a major downturn.

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 one of Australia’s most robust and consistent housing markets. Strong price growth, high rental yields, and broad regional performance paint a positive picture for both homeowners and investors. While macroeconomic conditions may temper future gains, Adelaide’s fundamentals remain solidly supportive of ongoing stability and modest growth.

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