Data from CoreLogic confirms that in February, growth in Australian rent values (0.8%) outpaced property values (0.6%). This led to gross rent yields stabilising at 3.21% over the month. This marked the first time in 17 months that gross rent yields did not decline. 

 “We are excited to see a rise in the purchase of Adelaide properties by interstate investors. This has been driven by an increase in property prices - over 20% in 2021 alone, the strongest annual gain in Adelaide in 18 years. Adelaide's rental yield is consistently outperforming both those of Sydney and Melbourne.” General Manager of Property Management, Jane Looker, said. 

“Despite being named the world's third most liveable city, Adelaide still offers one the most affordable housing markets of any capital city in Australia, with a median dwelling value of $558,179. Adelaide also has the lowest vacancy rate for rentals in Australia at just 0.6%. Adelaide's property market combines both liveability and affordability, with long term growth consistency and price stability.” 

“Add in our fantastic lifestyle, beaches, wineries and growing opportunities for employment in the food and wine, bioscience, health, agriculture, communications technology, defence, tourism and arts sectors, there is no doubt that investing in Adelaide is a recipe for investment success.” 

In February, we received 648 applications with a median rent of $586 per week, and leased 47 properties, including 8 off market through our early release rental system.  

Our properties were viewed 51,013 times on realestate.com in February. Properties that attracted the greatest interest were Vine Terrace, Klemzig with 3260 views, Corryton Street, Adelaide with 2510 views and Selbourne Avenue, Rostrevor with 2117 views. The median rent for these properties was $427 per week.  

“In a recent Financial Review article, it stated that days on market for city dwellings in Adelaide has dropped from an average of 63 days to an average of seven to ten. This is due to international students and travellers now being able to return to live, work and study in the city they left behind over two years ago” Ms Looker said. 

“Many of the returning renters are not looking at property with space, they are used to apartment living and want to step into a property and not join the queues that are being seen at the standard 3- or 4-bedroom property with a garden.  

“The article went on to say that one of the best things to come out of the pandemic for investors has been the flip to a landlord driven market, which has not been seen in SA for over 30 years.”