Adelaide cooling as market reaches affordability limits
Property professionals in Adelaide have detected a shift in sentiment, with the explosive growth of the past couple of years waning and buyers becoming more discerning.
The fun and games may be nearing an end in the Adelaide property market, where prices in suburbs such as St Kilda have soared. (Image source: City of Salisbury)
A cool Southern Ocean breeze has begun to descend on Adelaide’s piping-hot residential property market, as low affordability and high interest rates bite, signalling an end to the city’s historic housing boom.
For half a decade the Adelaide market has led the nation — pipped only by the resources-fuelled market of Perth
— and now things are slowly beginning to turn, according to experts.“I go to a few auctions every week and this weekend was…
