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Adelaide property market still climbing despite COVID-19

June 19, 2020

Adelaide is one of three cities across the country where property values are continuing to climb despite the nationwide coronavirus-led market slowdown.

Optimistic news in May for Adelaide where property values rose by 0.4% pushing the median house price to $441,184 according to recent data from CoreLogic

“There is a very strong buyer inquiry out there and because of that and the lack of stock, they are paying good prices for property,” said Real Estate Institute of South Australia president, Brett Roenfeldt.

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This is a brief summary of the article ‘Adelaide property values continues to climb despite COVID-19’ by Jessica Brown | | Tuesday 2nd June 2020.