Adelaide Property Market – Prices, Trends, Forecast [February 2026]

Adelaide’s residential property market has continued to demonstrate steady resilience, supported by relatively strong affordability compared with larger capitals and persistently tight housing supply. While momentum has eased slightly from late-2025 highs, values are still trending upward and remain at peak levels, reflecting ongoing demand across both owner-occupiers and investors.

The city’s median dwelling value now sits at around $914,000, placing Adelaide well below Sydney and Brisbane, but above Melbourne. This pricing position has helped sustain buyer interest, particularly among households priced out of eastern capitals and local upgraders seeking detached housing.

At the same time, affordability pressures are building. Higher interest rates, elevated living costs, and tighter lending conditions are beginning to temper purchasing capacity. Even so, Adelaide’s market fundamentals remain comparatively balanced, with low advertised stock and solid population-driven demand continuing to underpin values.

Market Highlights

• Adelaide dwelling values rose 1.2% over the past month and 9.7% over the past year, remaining at peak levels.
• The city’s median dwelling value is approximately $914,000, still more affordable than most mainland capitals.
• Growth momentum has eased slightly since late 2025, but demand continues to exceed available supply.
• Lower-priced suburbs and house segments are outperforming higher-value markets.
• Rental conditions remain extremely tight, reinforcing investor interest despite moderating yields.

See how Adelaide’s property values have performed across houses and units over various timeframes, along with returns, yields, and median prices.

Watch CoreLogic’s December 2025 Housing Market Update for expert commentary on national and capital city housing trends, price movements, and key market drivers across Adelaide.

Adelaide Property Price Growth

Adelaide recorded moderate but consistent price growth through January, with monthly gains easing to 1.2% after stronger increases late last year. On a quarterly basis, values rose 4.7%, while annual growth reached 9.7%, placing Adelaide in the middle of the capital city performance range.

This growth reflects the city’s structural undersupply rather than speculative activity. Unlike Sydney or Melbourne, Adelaide has avoided sharp cyclical swings, instead delivering smoother and more sustainable capital gains over time. Detached houses continue to lead the market, benefiting from family demand and limited new construction.

Unit values have also risen, though at a slightly slower pace, as buyers prioritise land-backed dwellings. Importantly, Adelaide remains at its price peak, highlighting the market’s resilience despite tighter financial conditions. While growth is no longer accelerating, values continue to rise at a pace that exceeds long-term averages.

Adelaide Property Market Trends

One of the defining trends in Adelaide’s market is the concentration of demand at more affordable price points. Competition remains strongest in outer-north and mid-ring suburbs, where median values are lower and access to family housing is greater. This has driven above-average growth in select SA3 regions.

Stock levels remain well below historical norms, with listings constrained by high construction costs and limited willingness among owners to sell. As a result, buyer competition persists even as borrowing capacity weakens, helping to stabilise prices.

The rental market is another major influence. Adelaide currently has the tightest rental conditions nationally, with vacancy rates near 1%. This has supported strong rental growth and encouraged continued investor participation, even as gross rental yields soften slightly due to rising property values.

The table outlines CoreLogic’s Home Value Index as of 2nd February 2026, showing peak declines, five-year growth, and changes since the first rate cut in February.

Adelaide Property Market Forecast

Looking ahead, Adelaide’s housing market is expected to shift into a phase of slower, more uneven growth rather than a downturn. Affordability constraints, higher interest rates, and cautious consumer sentiment are likely to moderate buyer demand through 2026.

However, several factors should limit downside risk. Supply is expected to remain constrained, with new housing completions well below underlying demand. Population growth, while normalising, continues to support housing needs, particularly in established suburbs.

As a result, price growth is likely to slow but remain positive, with outcomes varying by location and property type. Lower-priced houses are expected to outperform, while premium segments may experience flatter conditions. Overall, Adelaide appears well-positioned to maintain stability in a softer national market.

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.

Conclusion

Adelaide’s property market remains one of the more balanced and resilient capital city markets in Australia. While growth has cooled from recent highs, values are still rising and remain supported by low supply, strong rental demand, and relative affordability.

The year ahead is likely to bring gentler conditions, with price gains becoming more selective and slower overall. Nevertheless, the risk of a sharp correction appears limited. For buyers and investors, Adelaide continues to offer a stable environment, particularly in well-located, lower-to-mid-priced housing segments.

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