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

Momentum has remained solid through early 2026, with values continuing to lift even as some larger markets have cooled. Growth has been supported by tight advertised supply, which has kept competition firm for well-located, well-priced homes and limited any meaningful downside pressure.

Affordability dynamics are shaping outcomes more than usual. Buyer activity has been concentrated toward lower price points, while higher-end demand is more constrained by borrowing capacity and cautious sentiment, creating a more segmented market than in earlier phases of the cycle.

Market Highlights

• Home values rose 1.3% over the month and 4.3% over the past quarter, keeping the city among the stronger-performing capitals.
• The median dwelling value sits at $922,991, with annual value growth at 10.9%.
• The market is effectively at peak pricing, following strong medium-term gains (about 79.9% over five years).
• Advertised listings have been unusually tight, sitting around 23% below the five-year average in recent weeks.
• Since the prior rate-hike cycle began (May 2022), values are up about 40.2%, underscoring persistent demand.
• Rental growth has cooled, with annual rent increases around 3.2%, one of the softer results among capital cities.

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 February 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

Recent gains have been broad enough to keep the overall market advancing, but the underlying pattern remains consistent with an affordability-led cycle. Buyer intensity is typically greatest where price points are lower and borrowing constraints bite less, which helps explain why the market can keep rising even when confidence and credit availability soften.

By segment, houses and units have both contributed to growth. House values were up 10.9% over the past year (median around $980,815), while unit values were up 11.2% (median around $675,818). That unit uplift, alongside a materially lower entry price than houses, reinforces the theme of demand gravitating toward comparatively attainable options.

Adelaide Property Market Trends

Supply conditions are still doing a lot of the heavy lifting. With advertised stock running well below typical levels, buyers face fewer choices, which can keep upward pressure on prices even if demand is not booming. This is especially important in established suburbs and well-located, lower-to-mid priced segments where competition tends to be most concentrated.

Within the metro area, growth has also shown clear pockets of outperformance, again skewing toward relatively accessible markets. Over the past year, some of the strongest SA3-level gains included Salisbury North (15.7%, median ~$812k) and Tea Tree Gully (13.6%, median ~$921k), alongside higher-priced areas like Adelaide Hills (13.6%, median just over $1.0m). That mix suggests the cycle has not been limited to one “type” of suburb, but affordability still appears to shape where competition is most intense.

The table outlines CoreLogic’s Home Value Index as of 28th February 2026, showing peak declines, five-year growth, and changes since the start of the previous rate hiking cycle in May 2022.

Adelaide Property Market Forecast

The balance of forces points to continued, but likely more uneven, growth rather than a straight-line boom. On the demand side, borrowing capacity remains pressured by affordability and serviceability settings, and confidence can be fragile when cost-of-living pressures rise. Those factors typically cap how far buyers can stretch, particularly at higher price points.

On the supply side, the starting point is still tight, and that tends to limit downside risk in the near term. There are early signs that new supply pipelines are improving in some states, including South Australia, which could gradually take some heat out of the market if it translates into more completions and a sustained lift in listings. The most plausible path is modest price growth concentrated in lower-priced segments, while higher-end outcomes stay softer as credit constraints do more of the filtering.

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

The market is still advancing, but it is doing so in a way that reflects today’s constraints: limited supply on one side and tighter borrowing capacity on the other. That combination typically produces steady gains overall, with sharper competition in the segments where buyers can still comfortably transact.

For buyers and sellers alike, the main watchpoints are changes in listing volumes and how quickly demand responds to shifting financing conditions. If stock remains tight, values should stay supported, but results are likely to vary more by suburb and price bracket than they did earlier in the upswing.

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