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

Adelaide continues to show strong resilience in its property market, leading capital cities in value growth over the past six months. While the rate of increase is slowing, the city remains one of Australia’s top-performing markets.

Adelaide Property Price Growth

Adelaide continues to lead Australia’s capital cities in annual price growth, maintaining strong momentum despite signs of moderation. While quarterly and monthly increases have slowed compared to last year, the city’s 12.7% annual growth underscores its resilience. Tight supply and sustained demand are key drivers, keeping Adelaide among the top-performing housing markets.

CoreLogic Home Value Index

CoreLogic Home Value Index, Released on 3rd February 2025

Adelaide Property Market Trends

• Growth in house prices (+12.2%) slightly lags behind units (+16%), reflecting increasing demand for more affordable housing options.
• Regional SA markets are also performing well, with Yorke Peninsula leading at +19.3% growth over the year.
• Suburbs such as Playford, Salisbury, and Gawler recorded some of the highest value increases, signaling ongoing interest in northern Adelaide suburbs.

Change in dwelling values over key time periods

Adelaide Property Market Forecast

• Despite slowing momentum, low housing supply and strong demand should support continued price stability.
• A potential interest rate cut in 2025 could provide renewed demand, further strengthening the market.
• Rental yields remain high at 5.4%, making Adelaide an attractive option for investors.

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 remains a leading performer in Australia’s housing market, showing resilience and strong value growth despite broader economic headwinds. While the pace of gains is moderating, limited housing stock and stable demand suggest further moderate growth in 2025.

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