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Supply, affordability cause for optimism in WA, SA

Established housing markets in Adelaide and Perth seem well-poised to rebound from the current economic uncertainty, with both cities showing resilience in the early stages of COVID-19 shutdown.

Supply, affordability cause for optimism in WA, SA
Adelaide's established housing market has been stable for an extended period. Photo: Shutterstock (Image source: Shutterstock.com)

Established housing markets in Adelaide and Perth seem well-poised to rebound from the current economic uncertainty, with both cities showing resilience in the early stages of COVID-19 shutdowns.

Median house price data for the March quarter released by the Real Estate Institute of South Australia showed solid growth compared to the same period last year.

More than 3,800 homes settled in Adelaide over the quarter, 400 more than the same time la…

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