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

Adelaide continues to prove that smaller capital city markets can carry serious weight. Values are still rising, the city remains at its market peak, and homeowners are benefiting from one of the strongest long-term growth profiles in the country. With dwelling values up 12.3% annually and the median now close to $1 million, the market has clear seller appeal. The important shift is tempo: growth is continuing, but buyers are becoming more price-aware as affordability pressures build.

Key Takeaways

• Adelaide dwelling values increased 12.3% over the year, keeping the city among the stronger capital city performers.
• The monthly gain of 0.5% shows growth is still positive, but momentum is easing compared with faster markets such as Perth and Darwin.
• The median dwelling value is now $950,703, placing Adelaide below Sydney and Brisbane but above Melbourne, Hobart, Darwin and Canberra.
• Houses remain the main value anchor, with a median house value of $1,013,138 and annual growth of 12.2%.
• Sellers still hold an advantage, but buyers are likely to become more selective as affordability and borrowing constraints tighten.
• Rental yields remain relatively modest at 3.4% for dwellings, meaning investor returns depend heavily on long-term capital growth.

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 June 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

Adelaide continues to deliver solid price growth, even as national conditions flatten. Dwelling values rose 0.5% in May, 2.8% over the quarter and 4.9% year to date, showing the market has maintained upward pressure through the first part of 2026.

The annual result remains the standout figure. Values are up 12.3% over the past 12 months, while total return sits at 16.1% once rental income is included. Houses recorded annual growth of 12.2%, with a median value of $1,013,138, while units rose 12.8% annually to a median of $697,499. This points to broad-based strength, rather than growth being confined to one dwelling type.

Adelaide Property Market Trends

A more selective market is beginning to emerge. Adelaide is still rising, but its monthly pace is now well below the strongest capitals, with Perth and Darwin both recording 1.5% monthly growth. The city’s quarterly gain of 2.8% remains healthy, although it sits behind Perth, Darwin and Brisbane.

Within Adelaide, the strongest annual growth has been concentrated across more affordable and middle-market areas. Salisbury recorded 16.7% annual growth, followed by Campbelltown at 15.1% and Tea Tree Gully at 14.5%. This suggests demand is still gravitating toward areas where buyers can find relative value, particularly as borrowing power remains under pressure.

Here’s how values have shifted across the main regions and timeframes.

Adelaide Property Market Forecast

The likely direction from here is slower growth rather than a sharp reversal. Adelaide’s fundamentals remain supportive, with annual growth of 12.3%, constrained new housing supply and ongoing population-driven housing demand helping to underpin prices. However, the market is moving into a more subdued phase as affordability pressures, higher interest rates and weak consumer sentiment narrow the active buyer pool.

The key risk is not a collapse in values, but a further loss of speed. With the cash rate at 4.35%, inflation still above target and household budgets under pressure, buyers are likely to remain cautious. At the same time, limited supply and resilient labour market conditions should prevent a major correction. For Adelaide, that points to continued but more moderate gains, with performance likely to vary by suburb, price point and property type.

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 one of the more solid capital city housing markets, supported by tight supply, positive rental conditions and broad-based price gains. The key shift is that growth is becoming more measured as affordability and interest rate pressure weigh on demand. With values at peak levels and annual growth of 12.3%, the market still favours confident sellers, but pricing discipline will matter more from here.

Next steps: