Adelaide property downturn is hitting the top end hardest
After more than doubling in value over the past decade, Adelaide's housing market is now cooling sharply, with the $2 million-plus end facing the biggest falls.
After five years of fierce competition, Adelaide buyers are finally finding more room to negotiate on price. (Image source: Wirestock Creators/Shutterstock.com)
The top end of Adelaide’s property market is being hardest hit in the downturn, with some tipping price falls of up to 15 per cent.
And, like much of the rest of the nation, investors have all but disappeared from that city’s market.
Yet experts say there are still buyers for more affordable properties, namely those under or just over $1 million, in a market still underpinned by immigration.
Senior Adelaide buyers advocate for Propertybuyer, J…
