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

Adelaide’s property market is still carrying real strength, even as the national pace of growth cools and bigger markets like Sydney and Melbourne lose momentum. Values are still climbing, supply remains tight, and buyers are continuing to compete in the more affordable parts of the market. The result is a market that still favours sellers, though with a little more care now needed around pricing and timing.

Key Takeaways

• Adelaide dwelling values rose 1.1% in April, 3.5% over the quarter and 12.2% over the year, with the median dwelling value now at $944,673.
• House values increased 12.1% annually, while units rose 13.4%, showing demand is not limited to one property type.
• The city is at a new market peak, with values up 77.4% over five years and 111.4% over ten years.
• Growth is strongest in several suburban markets, led by Salisbury at 17.1%, Campbelltown at 16.1% and Tea Tree Gully at 14.9%.
• Rental growth is positive but more measured, with house rents up 4.2% annually and unit rents up 3.7%.
• Sellers remain in a strong position, but buyers are becoming more price-sensitive as affordability pressures build.

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

Watch Cotality’s April 2026 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 has kept moving higher, with dwelling values up 1.1% over the month, 3.5% across the quarter and 12.2% over the past year. That brings the median dwelling value to $944,673, putting the city ahead of Melbourne, Hobart, Darwin and Canberra.

The gains are spread across both major property types. Houses recorded 12.1% annual growth, lifting the median house value to $1,006,099, while units rose a slightly stronger 13.4% to a median of $692,676. The longer-term picture is also striking, with Adelaide values now 77.4% higher than five years ago and 111.4% above their level a decade ago.

Adelaide Property Market Trends

The market is still rising, but the pace is becoming more disciplined. Adelaide’s monthly growth remains well above the national figure of 0.3%, and its 3.5% quarterly gain is comfortably stronger than the combined capitals result of 1.1%. That points to a city still supported by limited stock and steady buyer depth.

Some of the strongest results are coming from suburbs and regions where buyers can still find relative value. Salisbury led Greater Adelaide with 17.1% annual growth, followed by Campbelltown at 16.1%, Tea Tree Gully at 14.9%, Gawler to Two Wells at 14.7% and Port Adelaide East at 14.3%. This shows demand is reaching across both affordable family areas and established suburban markets.

Here’s how values have shifted across the main regions and timeframes.

Adelaide Property Market Forecast

The most likely path from here is continued growth, but at a more moderate pace. Adelaide still has several supports working in its favour: tight supply, solid demand through the lower and middle price ranges, and better relative affordability than cities such as Sydney, Brisbane and Perth. Values are already at a record high, and a monthly lift above 1% shows there is still genuine momentum in the market.

Even so, the next phase is unlikely to feel as heated as the strongest part of the upswing. Affordability limits, tighter borrowing conditions and softer national buyer sentiment are likely to make purchasers more selective. That does not point to a sharp fall, but it does suggest a steadier market where well-presented homes, sensible price expectations and low local competition matter more.

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 remains one of the more resilient capital city housing markets, with solid price growth, tight supply and demand across both houses and units. Conditions still favour sellers, although the market is becoming more measured as affordability pressures weigh on buyers. For homeowners, the opportunity remains strong, but the best results are likely to come from accurate pricing, strong presentation and a clear read on local demand.

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