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

Adelaide’s housing market remains among the strongest performing in the nation. As of April 2025, the city is at its peak value, marking continued resilience and demand growth. The median dwelling value in Adelaide is $825,776, with annual growth of 9.8%, second only to Perth among the capitals.

Adelaide’s total return on property over the past year stands at 13.7%, underscoring the robust capital appreciation and rental yield dynamics currently benefiting investors.

Adelaide Property Price Growth

• Monthly Growth: 0.3%
• Quarterly Growth: 0.9%
• Year-to-Date (YTD): 1.1%
• Annual Growth: 9.8%
• Total Return (Capital Growth + Rent): 13.7%
• Median Value (All Dwellings): $825,776

By property type:

• Houses: Annual growth of 9.4%, median value $876,714
• Units: Annual growth of 12.3%, median value $595,515

Adelaide’s housing values have increased 73.4% over the past five years and 93.6% over the past decade, showcasing long-term growth stability.

CoreLogic Home Value Index

Capitals/Regions	Month	Quarter	YTD	Annual	Total Return	Gross Yield	Median Value
Adelaide	0.3%	0.9%	1.1%	9.8%	13.7%	3.7%	$825,776
For Houses:	0.2%	0.9%	1.1%	9.4%	13.1%	3.6%	$876,714
For Units:	0.3%	0.9%	1.1%	12.3%	17.5%	4.7%	$595,515

All Dwellings Houses Units Show Regional

Month

Quarter

Annual

Total Return

Median Value

Month Quarter Annual Total Return Median Value

CoreLogic Home Value Index, Released on 1st May 2025

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Adelaide Property Market Trends

• Consistent Uptrend: Adelaide remains at its peak housing value, reflecting strong underlying demand and limited supply.
• Balanced Performance by Property Type: Unlike markets where one housing type dominates, Adelaide shows even strength in both houses and units over the quarter (+0.9% for both).
• High Gross Rental Yield: At 4.8%, Adelaide’s yield is among the highest in capital cities, indicating strong rental returns relative to property value.

Top performing local areas in Greater Adelaide over the past year include:

• Gawler – Two Wells: +13.9%
• Playford: +13.0%
• Mitcham: +12.3%
• Salisbury & Onkaparinga: Each above 11.5%

These figures indicate widespread value growth across both outer and inner metropolitan regions.

Additionally, gross rental yields remain solid at 3.7% overall (4.7% for units), positioning Adelaide as a favorable city for investors, especially compared to lower-yielding capitals like Sydney and Melbourne.

Change in dwelling values over key time periods

Region	From Peak	Peak Date	Past 5 Years	Past 10 Years
Adelaide	<at peak>	<at peak>	73.4%	93.6%
Regional SA	<at peak>	<at peak>	76.3%	71.5%
Combined capitals	-0.03%	Oct 24	35.7%	61.7%
Combined regionals	<at peak>	<at peak>	58.7%	87.5%
National	<at peak>	<at peak>	40.6%	67.3%

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Adelaide Property Market Forecast

Adelaide is expected to continue its positive trend, albeit at a more moderate pace, influenced by:

• Interest Rate Cuts: Expected to support continued demand.

• Undersupply in Housing: National housing commencements remain low, helping to support prices.

• Strong Rental Yields: Likely to attract continued investor interest.

• Moderate Consumer Sentiment: While consumer confidence has softened nationally, Adelaide’s fundamentals remain solid.

Challenges such as stretched affordability and cautious lending may temper growth but are not expected to significantly derail Adelaide’s trajectory.

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.

City	Median Price* (Houses)	Median Price*(Units)	Total Price** (%) Growth (Houses)	Total Price ** (%) Growth (Units)
Sydney	$1.93M	$1.09M	18%	22%
Melbourne	$1.28M	$0.78M	21%	20%
Brisbane	$1.21M	$0.71M	19%	23%
Adelaide	$0.95M	$0.69M	16%	18%
Perth	$1.05M	$0.64M	30%	30%
Canberra	$1.17M	$0.75M	19%	20%
Hobart	$0.86M	$0.71M	13%	16%
Darwin	$0.70M	$0.46M	24%	26%
Combined Capitals	$1.34M	$0.87M	20%	21%

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Conclusion for Homeowners

Adelaide is currently one of the standout performers in the Australian property market. With its dwelling values at a historic high, strong annual growth of 9.8%, and high rental yields, the city presents a compelling case for both owner-occupiers and investors. While national uncertainties loom, Adelaide’s market fundamentals, underpinned by demand-supply imbalance and relatively high affordability compared to east coast capitals, suggest continued upward pressure on prices through 2025.

Next steps

1. Get a free property report to find out how your property stacks up in the local market.
2. Get a personalised shortlist of the top performing local agents so you can sell, rent or buy with confidence.
3. Get a free property appraisal to discover the true value of your property.