Adelaide's property boom is over, agents say
Property values may still appear steady in the official data, but Adelaide agents say prices are already slipping in key suburbs as investor demand fades and buyers become increasingly cautious.
Adelaide's property price boom has seemingly come to end, with prices peaking 72 per cent higher than where they were five years ago. (Image source: myphotobank.com.au/Shutterstock.com)
The Adelaide property market is following Sydney and Melbourne into the red — it’s just yet to show up in the official numbers.
According to agents, the housing market in the City of Churches has peaked, with prices down 4 to 5 per cent in some areas.
According to analyst Cotality, Adelaide dwelling values remained dead flat in the month of June — steady at 0.0 per cent — having risen by a total of 1.3 per cent over the preceding three months.
…
