Call Us - Mobile 0425 179 561, Phone 08 83382245

Adelaide beats Sydney and Melbourne for monthly value growth

Tom BowdenThe Advertiser

ADELAIDE has again beat both Sydney and Melbourne for monthly value growth.

According to the latest CoreLogic data, Adelaide house prices grew by 0.3 per cent over the past 28 days, smashing Sydney’s 0.1 per cent growth and Melbourne’s 1 per cent fall for the same period.

Adelaide house prices have grown by 5.3 per cent so far this calendar year, and prices have grown by 3.9 per cent over the past year.

Adelaide’s median house price is currently sitting at $435,000, $307,500 for units.

Houses are currently selling within 50 days on average, and the average time on market for units is 69 days.

Average vendor discounting is currently 5.8 per cent for houses and 7 per cent for units and Adelaide’s auction clearance rate is currently sitting at 66 per cent.

The top settled sale for the past week is 6a Boucaut St, Glen Osmond.

The four-bedroom, two-bathroom home sold for $1.5 million.

Originally published as Adelaide beats Sydney and Melbourne for monthly value growth

If you are thinking about moving into the property market for a residential or investment property or just want to have a chat about property , please do not hesitate to get in touch

Comments are closed.