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

Adelaide finished 2025 with values still rising, holding at record-high levels and outperforming the slower conditions seen in some larger markets. The city’s median dwelling value sits around $902,000, reflecting a market that has remained resilient despite growing sensitivity to interest rates and living-cost pressures.

Market Highlights

• Adelaide remains a clear standout among the capitals, with values up 8.8% over 2025 and a median dwelling value around $902k.
• Growth was still firm at the end of the year, lifting 1.9% over the month and 5.1% over the quarter.
• Longer-term performance stays compelling, with the market sitting at peak levels and delivering close to 80% growth over five years.
• Strength has been broad across Greater Adelaide, led by Adelaide Hills (12.2%), Salisbury (10.6%), Gawler, Two Wells (10.5%) and Norwood, Payneham, St Peters (10.4%).
• Rental conditions are supportive but cooling, with annual rent growth around 3.7% for houses and 2.4% for units, while gross yields sit near 3.5% for dwellings.
• The 2026 outlook points to slower, uneven gains as affordability and interest-rate uncertainty weigh on demand, while limited supply is likely to keep a floor under prices.

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 January 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

Momentum remained positive into year-end, with dwelling values up 1.9% over the month and 5.1% over the quarter. Over 2025, Adelaide dwelling values rose 8.8%, contributing to a total return of 12.7% when rental income is included.

Longer-run gains remain substantial. Adelaide is at its peak, with values up 79.8% over the past five years and 8.7% since the first rate cut in February.

Adelaide Property Market Trends

Recent performance suggests Adelaide’s growth has been broad, with especially strong outcomes across a mix of lifestyle and value-focused areas. The strongest-performing SA3 sub-markets over the past year included Adelaide Hills (12.2%), Salisbury (10.6%), Gawler, Two Wells (10.5%), and Norwood, Payneham, St Peters (10.4%). Higher-priced areas also featured, such as Unley ($1.55m, up 9.9%), showing that demand has not been limited to the most affordable segments.

On the income side, Adelaide’s gross rental yield for dwellings is 3.5%. Rent growth has been more moderate, with rents up 3.7% for houses and 2.4% for units over the year.

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

Adelaide Property Market Forecast

Conditions point to a softer trajectory through 2026. Inflation and interest-rate uncertainty, tighter affordability, and a cautious credit backdrop are expected to weigh on confidence and borrowing capacity. Even so, a limited supply response is likely to help prevent a sharp downswing, keeping the outlook closer to modest, uneven growth than a broad correction.

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 enters 2026 from a position of strength: values at record highs, solid annual growth, and a market that has continued to deliver positive total returns. Growth is likely to slow as affordability constraints bite harder, but low supply and steady underlying demand should keep the market supported, with outcomes varying more clearly by price point and suburb.

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