top of page

How has the Adelaide Property Market Performed in 2020?

Updated: Jan 14, 2021

With just over 3 months remaining in 2020, it's a good time to reflect on the market's performance so far this year. In this blog post we cover developments in house prices, auction clearance rates and rental yields.

House Prices

Prices have diverged across capital cities since the COVID-19 lockdowns began in March. The Adelaide market has outperformed - prices have risen by 2.5% so far this year. Suburbs that have seen the most sales in the recent quarter include Morphett Vale (65), Andrews Farm (49) and Mawson Lakes (44).

Auction Clearance Rate

A low clearance rate, such as 40 per cent, indicates low auction interest and declining house prices, suggesting a buyer’s market. A high clearance rate, such as 60-70% per cent, is considered a ‘hot market’ as buyer demand is high and available housing stock is low. A high clearance rate indicates the market favours sellers.

So far in 2020, auction clearance rates across Adelaide have outperformed 2019. Despite gloomy forecasts at the beginning of the year, the clearance rate has been above 50 per cent since February.

Rental Yields

Rental yields have also fallen in Sydney and Melbourne but remained relatively unchanged in Adelaide. Overall, Adelaide still has some of the highest rental yields on offer of Australia's capital cities. Houses in Adelaide offer a yield of 4.2% and units offer 5.3% on average.

Based on our analysis, the suburbs with the highest rental yields are all located in Adelaide's North: Elizabeth Downs (7.9%), Smithfield Plains (7.3%) and Davoren Park (7.4%).

For more information and if you have questions, contact us:

Phone: 1300 944 039

104 views0 comments


bottom of page