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

Adelaide’s housing market is in a solid upswing, with dwelling values rising 1.9% in November and 4.4% over the quarter. The median dwelling value is about $891,000, placing the city in the upper mid-range of the capitals while still below the east coast’s most expensive markets.

Market Highlights

• Dwelling values rose 1.9% in November and 4.4% over the quarter, with annual growth of 8.2%.
• Median dwelling value sits around $891,000, keeping Adelaide cheaper than the largest east coast capitals while still firmly in growth territory.
• Houses and units are rising at a similar pace, each posting about 8.2% annual gains, which points to a broad-based upswing rather than a narrow boom.
• Growth is widely spread, with areas such as Adelaide Hills, Gawler – Two Wells, Norwood – Payneham – St Peters, Playford and West Torrens recording high single to double digit yearly gains.
• Rental conditions are tight but comparatively mild, with house rents up about 3.7% and unit rents up 2.7% over the year; gross dwelling yields are around 3.5%.
• Relative affordability, limited new supply and steady population growth are supporting prices, while higher living costs and borrowing constraints are beginning to temper momentum.
• Overall outlook is for continued, measured growth rather than rapid surges, positioning Adelaide as a consistent medium term performer.

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 November 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

Annual growth in Adelaide dwelling values sits near 8.2%, a clear acceleration compared with recent years but slightly softer than the standout performers Brisbane and Perth. Houses and units are moving in step, each recording around 8.2% growth over the year, which points to a broadly balanced upswing across different product types. The median house value is just under $950,000, while units sit a little above $650,000.

Growth is widely spread across the metropolitan area. Submarkets such as Adelaide Hills, Gawler – Two Wells, Norwood – Payneham – St Peters, Playford and West Torrens have all posted double digit or high single digit annual gains, reflecting demand that reaches from established prestige suburbs to growth corridors.

Adelaide Property Market Trends

Buyer demand remains firm across most price points, supported by Adelaide’s relative affordability compared with larger east coast capitals. Stock on market is limited, which keeps competition steady at open homes and helps underpin values in both inner and outer-ring locations.

Rental conditions are tight but not as heated as in some other capitals. House rents are around 3.7% higher over the year, with unit rents up about 2.7%. Gross rental yields for dwellings sit near 3.5%, slightly above the combined-capitals average thanks to Adelaide’s lower entry prices. Investors remain active, but the market is still heavily driven by owner-occupiers and upgraders looking for larger homes or better locations.

The table outlines CoreLogic’s Home Value Index as of 1st December 2025, showing peak declines, five-year growth, and changes since the first rate cut in February.

Adelaide Property Market Forecast

Adelaide is expected to hold its position as a steady performer rather than a boom market. Low levels of new supply, ongoing population growth into South Australia and the city’s affordability advantage should keep a floor under prices. At the same time, higher living costs and borrowing constraints are likely to cap how fast values can rise.

Moderate, single-digit annual growth appears the most likely path through 2026, with occasional stronger months when stock levels tighten further or buyer confidence lifts.

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 housing market is in a healthy phase of expansion, characterised by consistent price gains, stable rental growth and broad-based demand across many suburbs. It offers a mix of relative affordability and dependable capital growth, which is attracting both local buyers and investors who are seeking a less volatile alternative to the larger eastern capitals. Barring a sharp change in economic conditions, the city looks set for continued, measured growth over the next few years.

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