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Adelaide property market update: Measures of buyer demand remain strong.

By Rishabh Dhall

The Adelaide Property Market Is on Fire

You might be thinking it’s too late to sell property in Adelaide, but the data suggests otherwise. According to the latest report from the Real Estate Institute of South Australia, measures of buyer demand remain strong, especially when looking at total sales, turnover, and new listings. If you want to sell property in Adelaide, now may just be your best chance yet!

What are buyers looking for?

The biggest trend we’re seeing in the property market is buyers with specific price points, not just properties. This year, more than ever before, we’re seeing buyers who are looking for specific styles of property (for example, a modern kitchen or open plan living). Overwhelmingly (pun intended), buyers also want to find a property that meets their needs—or can be easily transformed into what they need it to be. Moreover, we can’t deny the fact that we are still seeing FOMO amongst the buyers. So, if the seller wants to get a great buck on their investment, this is the right time.

Adelaide market trends.

If you’re selling a property in Adelaide, now is clearly a great time to do so. But should you sell right now? Or should you hold off and wait for further gains? There are plenty of trends that indicate that sellers who get into it now will be able to sell quickly and profitably (including being prepared, knowing how to avoid common traps, and using cost-effective marketing tactics). Contact our sales partner to know the best value for your home.

Analysts predict it will continue its upward trajectory.

Recently, several analysts have noted that—despite concerns regarding an Australian property bubble—the Adelaide property market is still very strong. According to Prop Track Listings Report March 2022, new properties listed for sale on realestate.com.au in Feb were up 16.7%, which is 9 % higher than at the same time last year.

By looking at the market, I can certainly say, the property market will provide greater benefits for sellers as this is the right time to come into the market till the market gets mature.

More people than ever want to sell property in Adelaide Now

The reason more people are selling properties in Adelaide is that prices are achievable. The average house price has soared to $515,000 in 2022—almost double what it was just three years ago, meaning that, while selling conditions look set to remain strong. The sellers are getting more prices for their homes in Adelaide. As the Interest rates are likely to rise later this year, which may start to cool buyer appetite.