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

Adelaide’s market has paused, but it has not lost its strength. Dwelling values were unchanged over the month, yet the city remains up 11.6% annually, with a median dwelling value of $945,868. That makes Adelaide one of the more resilient capital city markets, even as national conditions soften and buyer caution becomes more visible.

Key Takeaways

• Adelaide dwelling values were flat over the month at 0.0%, signalling a clear slowdown rather than a sharp reversal.
• Annual growth remains strong at 11.6%, well above the combined capital city result of 6.1%.
• Houses recorded a median value of $1,008,736, while units were lower at $695,151.
• Units slightly outperformed houses annually, rising 11.7% compared with 11.5% for houses.
• Adelaide remains at its market peak, with values up 72.0% over five years and 111.4% over ten years.
• Sellers still have a solid growth backdrop, but pricing expectations need to reflect a slower and more selective market.

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

After a strong run, price growth in Adelaide has moved into a more measured phase. Dwelling values were unchanged in the latest month, but the broader picture remains positive, with values up 1.3% over the quarter, 4.6% year to date, and 11.6% annually.

The house and unit markets are closely matched, though units hold a slight annual edge. Houses rose 11.5% over the year with a median value of $1,008,736, while units increased 11.7% and sit at a median of $695,151. Total returns remain attractive at 15.4% for dwellings, supported by both capital growth and rental yield.

Adelaide Property Market Trends

Momentum has clearly cooled, but Adelaide’s fundamentals remain firmer than many larger capitals. While Sydney and Melbourne recorded monthly declines, Adelaide held steady, keeping it at peak value and highlighting its relative resilience in a softer national environment.

Local growth is also being supported by pockets of strong suburban performance. Salisbury recorded the strongest 12-month dwelling value growth across Greater Adelaide at 16.1%, followed by Campbelltown at 15.1%, Tea Tree Gully at 14.5%, and Gawler to Two Wells at 14.3%. Gross rental yields are also steady, with Adelaide dwellings averaging 3.5%, houses at 3.3%, and units at 4.3%.

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

Adelaide Property Market Forecast

The most likely direction from here is slower growth rather than a sudden correction. Adelaide’s flat monthly result shows that the market is no longer accelerating, but the city’s positive quarterly gain of 1.3%, strong annual growth of 11.6%, and peak-level positioning suggest underlying support remains intact.

The main forces shaping the outlook are affordability pressure, tighter borrowing conditions, weaker confidence, and a broader cooling in buyer demand. Nationally, capital city values fell 1.3% over the quarter, auction conditions have weakened, and sales activity has softened, which points to a more cautious selling environment. For Adelaide, this means buyers are likely to become more selective, but limited supply, long-run growth, and comparatively stronger recent performance should help cushion the market.

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 steadier capital city markets, even as the pace of growth eases. Flat monthly values, strong annual gains, resilient suburban performance, and solid rental yields all point to a market that is shifting gears rather than turning down sharply.

For homeowners and sellers, the opportunity is still there, but the market now rewards realistic pricing, strong presentation, and well-timed decisions.

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