Property

Watch: Adelaide's February 2019 property market news

By Tim Lawless, Research Director at Core Logic,13 February 2019| 7 min read

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So, how did Adelaide's property market perform last month?

"The first month of the New Year has seen a continuation in the broad-based housing market weakness with every capital city apart from Canberra recording a month-on-month fall in dwelling values. CoreLogic’s hedonic home value index recorded a further 1.0% decline in national dwelling values over the first month of the year, taking the cumulative decline in Australian dwelling values to 6.1% since the market peaked in October 2017. "

Dwelling values tracked lower across Australia's larger capital cities in the three months ending January 2019:

Sydney -4.5%
Melbourne -4.0%
Perth -2.7%
Darwin -2.8%
Brisbane -0.4%
Adelaide -0.1%
Hobart +1.0%
Canberra +0.8%

Watch Tim Lawless's full take on the latest property market movements below.

Tags: tim lawless, corelogic, housing market report, investment

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