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

Adelaide’s housing market is holding firm in 2025, underpinned by a balance of sustained buyer interest, solid growth, and investor appeal. Strong fundamentals are keeping the city’s property values on an upward track, even as national conditions remain mixed. Below is a quick snapshot of what’s driving the momentum in South Australia’s capital.

Market Highlights

• Adelaide continues to be a top-tier performer in 2025, driven by strong fundamentals: tight housing supply, relative affordability, and steady population growth. The city posted 1.1% quarterly growth and 8.7% annual growth, placing it among the strongest capital city markets.
• With a median dwelling value of $741,142, Adelaide remains more accessible than Sydney, Melbourne, or Brisbane, sustaining broad buyer interest. Long-term gains are impressive, with values up 57.1% over five years and 84.6% over a decade.
• Suburbs like Mitcham (11.6%), Holdfast Bay, and Charles Sturt are leading growth, attracting demand for lifestyle and affordability.
• Rental trends are steady, with house rents up 4.6% and unit rents 7.1%. Gross yields at 3.7% appeal to yield-focused investors. Strong upper-quartile growth reflects increased demand for premium homes.
• With easing inflation and interest rate cuts expected, Adelaide is well-positioned for continued moderate price growth through late 2025. Its stable trajectory and investor-friendly conditions make it one of the country’s most resilient markets.

CoreLogic Home Value Index

Adelaide Property Price Growth

Adelaide posted 1.1% growth in dwelling values over the June quarter, matching Sydney and Melbourne. Monthly growth in June was 0.5%, while annual growth reached 8.7%, placing it among the top-performing capital cities.

Over the past five years, Adelaide’s values have climbed 57.1%, and over the past decade, 84.6%, underscoring the city’s long-term consistency and upward trajectory.

Top-performing Adelaide suburbs include Mitcham (SA) with 11.6% annual growth, Holdfast Bay at 10.4%, and Charles Sturt with 9.5%, driven by buyer demand for lifestyle proximity and relative affordability.

CoreLogic Home Value Index, Released on 1st July 2025

Adelaide Property Market Trends

Adelaide’s market is characterised by very low supply and steady demand:

• Advertised listings remain extremely tight, reinforcing competitive conditions and upward price pressure.
• Rents are still rising, though at a more moderate pace:
  • House rents are up 4.6% annually.
  • Unit rents rose 6.3%—higher than Sydney or Melbourne, but below cities like Brisbane or Perth .
• Gross rental yields sit at 4.0%, making Adelaide attractive for investors looking for balance between yield and capital growth.

Buyers are increasingly turning to outer-ring and lifestyle suburbs, reflecting affordability-driven movement and preference for detached housing stock.

• Adelaide’s growth is part of a broader national convergence trend, where capital city growth rates are tightening.
• The upper quartile in Adelaide’s market is growing at a stronger pace than the lower end, indicating robust demand for premium housing.
• In terms of rental trends, Adelaide’s annual rent growth for houses was 4.6%, and for units 7.1%, both among the strongest across capital cities.
• Gross rental yield for dwellings in Adelaide stands at 3.7%, slightly above the combined capital average of 3.5%, indicating solid investor interest.

Change in dwelling values over key time periods

Adelaide Property Market Forecast

Adelaide is well-positioned for continued price growth through late 2025:

• The broader economic backdrop is supportive, with falling interest rates and inflation easing to 2.4%, encouraging renewed housing demand.
• The tight housing pipeline, particularly for detached homes, means new supply is unlikely to catch up with demand in the short term.
• While affordability is beginning to tighten, especially for first-time buyers, it remains more favourable than in most other capital cities.

Unless there’s an unexpected economic shock, Adelaide is likely to experience continued moderate price appreciation, underpinned by both local owner-occupiers and yield-seeking investors.

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.

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Conclusion for Homeowners

Adelaide stands out as one of the most consistent and resilient housing markets in the country. With solid annual gains, tight supply, and balanced rental conditions, it presents a stable growth story supported by underlying fundamentals.

The outlook suggests further price increases, albeit at a steadier pace than the explosive growth seen in 2022. For buyers and investors, Adelaide remains a high-performing, lower-volatility market with long-term appeal.

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