Adelaide
What downturn ?
After surging 46 per cent during the pandemic , house prices fell only 2.8 per cent during the downturn . Like other capital cities , Adelaide ’ s prices are starting to pick up again and are now up 1.4 per cent since December . There are still a lot of challenges for buyers and homeowners . Interest rate increases are continuing and we ’ re seeing a lot of fixed loans coming to an end . But at the same time , Adelaide is seeing population growth start up again now international migration is back . Housing construction is expected to remain low this year - building approvals are down and construction costs are now up more than 20 per cent from last year .
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