Your Real Estate Market Insight / OC Market Report July 2022

Welcome to your market insight, everything you need to know about the South Australian real estate market!

Here is your summary of how the Adelaide real estate market has performed over the past 6 months and some expert advice to help you on your property journey.

Take a look through our report below.

 

 

Summary of the market

While Micro and Macro economic forces have combined to create uncertainty in the market at the start of 2022, the real estate industry in Adelaide has enjoyed a strong start to the year, and at Ouwens Casserly we see this continuing.

In the last 3 months alone, Adelaide house prices have risen 5.1%, sales volumes are up on averages and days on market are down. Nationally we have seen a substantive “cooling” in the market for a host of well publicised reasons, however, Adelaide’s property market remains very strong.

Adelaide will be impacted by these forces, but we foresee the extent of this to be a fraction of what we’re seeing in the eastern states. Any minor reduction in Adelaide housing values also needs to be considered through the lens of more than 25% increases in values in the last 12 months.

Seasonally we expect a tapering of volumes over the winter months and spring and summer to mirror previous years in terms of activity and pricing.

We hope you enjoy our Market Report, if you have any questions or need any advice for buying, selling, investing, managing, renting or developing please contact the team here. We are here to help achieve your property goals.

 

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