Adelaide Residential Market / Your Insights for Apr 2025

Short, sharp, stats & updates on what’s happening in Adelaide’s residential sales market for March 2025.

According to the latest CoreLogic report, national dwelling values rose by 0.4% in March, marking the second consecutive month of growth following February’s 0.3% rise. The uplift was broad-based, with every capital city except Hobart recording a positive change, along with all rest-of-state regions.

Regional markets continue to edge ahead of the capitals, with the combined regional index up 0.5%, slightly outpacing the 0.4% increase across the combined capital cities. However, growth trends are beginning to converge as momentum builds in the capital cities.

Rental values have also reached new peaks, with the national rental index rising 0.6% in March. This is steady compared to the previous month, although lower than the 1% increase recorded at the same time last year.

Closer to home, Adelaide’s market remains one of the most stable and resilient in the country. Home values climbed 0.8% in March, marking an impressive 24 consecutive months of capital gains. Over this period, values have surged 25.6%, adding approximately $169,000 to the median dwelling value.

The most significant growth has been concentrated in Adelaide’s more affordable areas, with the lower quartile up 16.7% over the past year, almost double the 8.5% growth seen in the upper quartile. This performance aligns with ongoing low housing supply, with total listings sitting 28% below the five-year average.

The Reserve Bank of Australia has maintained the cash rate at 4.10%, reflecting a measured approach amid ongoing domestic and global economic complexities. Key factors influencing this decision include global trade uncertainty and the upcoming federal election in early May. The RBA will also be closely analysing data on unemployment, inflation and CPI at the end of April, which will help guide their next monetary policy move, due to be announced on 20 May 2025.

If you are looking to buy, sell, lease or have your property managed, reach out to one of our specialist property consultants here within the OC team.

Disclaimer: Information in this blog is accurate at the time of publication. Ouwens Casserly has relied upon information from external sources in compiling this publication and does not warrant its accuracy or completeness. Please verify details and consult your agent before making any decisions.