Unstoppable Adelaide Property Boom, seriously!

By Rishabh Dhall

3rd June, 2022

It’s no secret that the property market in Adelaide, South Australia has seen some pretty dramatic price increases over the last few years, and there are plenty of people who think this trend won’t continue. could be! The latest real estate figures show that property prices in Adelaide are still going up and are likely to go up even further. If you’re interested in taking advantage of this unstoppable property boom in Adelaide, now’s your chance to find out more about how you can best take advantage of it!

Why are we in boom times?

In one word, Competition. According to CoreLogic data, Adelaide’s property price rose by 1.8 percent in May to a median price of $628,744. And I am pretty sure that Adelaide will continue to be the strongest market.
We have seen a huge shift from the 2021 Adelaide property market. This follows expectations of sharply higher interest rates in 2022, which will eventually make it difficult to buy a property at the existing prices. But looking at the market, there is a continuation of the house price boom in Adelaide.

Aussie buyers hit again!

Buyers are extremely active and still looking for their desired home to put money upfront, moreover, the federal Labor Government has proposed an opportunity for buyers under the ‘Help to Buy scheme‘ which will be launching in July – helping many more South Australians to purchase their first home with as low as 2% deposit with 60% as the source of finance and 40% co-funded by government, opened 10,000 spots for the buyers to get into homeownership.

Probably it will release some tension among the buyers and make it affordable to purchase houses in Adelaide.