Adelaide becomes the nation's property hotspot

Adelaide becomes the nation's property hotspot
Adelaide becomes the nation's property hotspot

Adelaide rose to the top of the quarterly performance stakes over the three months to the end of August, according to CoreLogic.

It took the mantle from Hobart where values have posted two consecutive months of subtle falls.

Adelaide dwelling values were half a percent higher over the past quarter.

Adelaide becomes the nation's property hotspot

CoreLogic found that the median house price in Adelaide was $466,813 and an example of this was the sale of 9 George Court Adelaide (pictured above). 

The two bedroom one bathroom house, located in the Adelaide CBD, sold for $501,500 after less than 100 days on the market.

The holding is set on 91 sqm.

 Adelaide becomes the nation's property hotspot

Another example of this median price being accurate is 58 Corryton Street Adelaide (pictured above).

The one bedroom one bathroom cottage was built in the 1880's and sold for $430,500 in late July.

It was on the market for 161 days and was passed in at auction in February this year.

Adelaide becomes the nation's property hotspot

The median unit price in Adelaide is over $100,000 less, sitting at $324,477.

The 612/185 Morphett Street Adelaide (pictured above) apartment sold for $290,000 last month after almost two years on the market.

Part of The Gallery this sixth floor 1 bedroom 1 bathroom apartment has 17 sqm of floorspace and was build by Century 21.

Adelaide becomes the nation's property hotspot

The apartment at 1/128 Gilles Street Adelaide (pictured above) has recently sold.

The one bedroom one bathroom property sold for 335,000 in early August.

It was on the market for over half a year and had $359,000 hopes in it's the most recent listing.

Adelaide becomes the nation's property hotspot

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Adelaide Dwelling Values

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