Investors return to the Adelaide property market / Market in a Minute Ep. 5

Greater market update

• Australia’s housing boom rolls on with National home values lifting another 2.2% in May
• There are early signs that investors are coming back to the property market, with February and March recording a -4.8% reduction in first home buyer borrowing.
• Property investor financing was up 17.7% in March compared with January, pushing up the share of financing secured by investors to 25.9% in the month, compared with a recent low of 23.1% in January.

South Australia

• South Australia’s dwelling market has seen trends continue to break away from averages. In the three months to April 2021, quarterly growth for Adelaide dwelling values was 7%
• Sales volumes through April were an estimated 36.4% higher across Adelaide on the previous five-year average.
• Total stock on market was -33.6% below the previous five-year average in South Australia, with just 9,336 dwellings available for sale.
• Adelaide has been ranked the world’s third most liveable city by a global index, moving up seven places to take the nation’s top spot from COVID-impacted Melbourne.
• This is incredible news for SA and builds the momentum we need as we look forward to international borders potentially opening in the second half of the year.
• Adelaide Central Market to be upgraded.
• Developments are creating more stock availability across Adelaide.

If you are buying, selling, or renting, please reach out to one of the team members at OC.

Disclaimer: Information in this blog is accurate at the time of publication. Please verify details and consult your agent before making any decisions.