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

Adelaide continues to stand out as one of the stronger capital city housing markets, with values still rising at a healthy pace and sitting at a record high. Dwelling values increased 1.2% in March, 3.6% over the March quarter, and 11.4% over the year, taking the median dwelling value to $937,021.

What makes Adelaide notable is that this strength is holding even as larger markets such as Sydney and Melbourne soften. Adelaide is also outperforming the combined capitals on every major short term growth measure, and over the past five years dwelling values have climbed 79.0%, underlining how sustained the city’s growth cycle has been.

Key Takeaways

• Adelaide dwelling values rose 1.2% in March, 3.6% over the quarter, and 11.4% annually, lifting the median dwelling value to $937,021.
• The market is outperforming the combined capitals, which recorded 0.6% monthly growth, 1.8% quarterly growth, and 9.3% annual growth.
• Adelaide remains at a record high and has delivered 79.0% dwelling value growth over the past five years.
• Units are slightly outperforming houses, with annual growth of 12.3% versus 11.3%, pointing to stronger demand for relatively more affordable stock.
• Rental conditions are exceptionally tight, with Adelaide recording the lowest vacancy rate of any capital city at 0.9%.
• Growth is broad rather than isolated, with Salisbury North up 16.4% annually, Tea Tree Gully North up 14.9%, and Gawler – Two Wells up 14.8%.

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 March 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

Price growth in Adelaide remains firmly positive and well above the broader capital city average. Dwelling values lifted 1.2% over the month and 3.6% over the quarter, while annual growth reached 11.4%. That performance has pushed Adelaide’s median dwelling value to $937,021 and total return to 15.4%, showing that both capital growth and income returns are still supporting the market.

The gains have also been reasonably balanced across dwelling types. House values rose 11.3% over the year to a median of $998,933, while unit values increased 12.3% to $684,698, suggesting units are now showing slightly stronger momentum. Over a five year period, Adelaide dwelling values are up 79.0%, reinforcing that this is not a short burst of growth but a long running expansion.

Adelaide Property Market Trends

What stands out in Adelaide is that demand still appears well supported despite a tougher national backdrop. The city remains one of the mid-sized capitals continuing to post record highs, and its growth rate is stronger than the combined capitals across monthly, quarterly, and annual measures. This points to a market that is still benefiting from comparatively solid underlying demand.

Rental conditions are also helping keep pressure on the market. Adelaide has the tightest vacancy rate of any capital city at just 0.9%, and gross rental yield for dwellings is sitting at 3.4%, with yields of 3.3% for houses and 4.3% for units. At a suburb level, the strength is broad, with some of the strongest annual gains recorded in Salisbury North at 16.4%, Tea Tree Gully North at 14.9%, Gawler – Two Wells at 14.8%, and Port Adelaide – East at 14.5%, showing momentum is extending well beyond a single pocket of the city.

The table outlines CoreLogic’s Home Value Index as of 1st April 2026, providing a snapshot of housing value performance across key indicators.

How to read these figures:

Adelaide (at peak) shows the market is currently sitting at its record high; +79.0% over the past five years points to very strong longer-term growth; and +3.6% over the March quarter 2026 indicates values continued to rise strongly over the quarter.

Adelaide Property Market Forecast

Looking ahead, Adelaide appears well placed to remain one of the more resilient capital city markets, but the next phase is likely to be steadier than the last. The current data still points to positive momentum, with values up 11.4% annually, a quarterly rise of 3.6%, record high pricing, and vacancy at just 0.9%. Those figures do not suggest a market that is close to a sharp correction, especially while supply remains tight in aggregate and labour market conditions continue to provide support.

Even so, the broader housing environment is becoming more challenging. Affordability is stretched, higher mortgage rates are reducing borrowing capacity, wage growth is not keeping pace with inflation, and confidence has weakened as cost of living pressures intensify. Nationally, quarterly home sales are estimated to be 1.9% lower than a year ago and 5.6% below the five year average, which signals softer purchasing demand and supports the case for slower price growth ahead.

For Adelaide, that points to a market that should keep holding up better than weaker capitals, but with less room for rapid acceleration. More affordable segments are likely to stay better supported as serviceability pressures push buyers toward lower price points, which also fits with the slightly stronger annual growth in units than houses. The most likely direction is continued growth, but at a more moderate and uneven pace as interest rate sensitivity, affordability limits, and any further lift in listings begin to cap upside.

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 in a strong position relative to many other capital cities. Values are still rising solidly, the market is at a record high, long term growth has been substantial, and rental conditions remain extremely tight, all of which point to a city with durable underlying support.

At the same time, the market is moving into a more constrained phase. Higher borrowing costs, affordability pressure, and softer confidence should slow the pace of gains, but tight supply and resilient demand should continue to provide a floor. Overall, Adelaide still looks like a growth market, just one that is shifting from rapid expansion toward a more measured and selective phase.

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