Christies Beach 
| CoreLogic has released their monthly chart pack for May, which covers off on the Australian housing market data until the end of May 2023. As you can see from the report, the Adelaide property market has remained strong. Some key statistics in the below report: |
| National home values rose 1% in the three months to April. Dwelling values in Australia are -8.0% lower over the past 12 months, leaving the annual decline steady on the 12 months to March. The number of sales trended seasonally lower through April, with CoreLogic estimating 35,398 sales in the month nationally. The number of sales are down -21.5% over the year, though sales are easing from a period of particularly strong selling activity. The amount of time it takes to sell property is starting to pivot. Median days on market nationally is down to 33 in the three months to April. This has fallen from 37 days in the three months to February. At the median level, vendors are now offering less of a discount on their property across the combined capital cities market. The median vendor discount across the combined capital cities has eased from -4.35% in the September quarter of 2022, to -3.88% in the three months to April 2023. Annual growth in rent values held steady on the previous month, at 10.1%. Across the combined capital cities, rent values rose 11.7% in the past 12 months, which was the highest annual increase on record. New housing finance secured totaled $24.0 billion in March, posting a strong monthly increase of 4.9% nationally. This is the first monthly rise since January last year, and follows more positive data flows on home values and sales volumes through March. The value of first home buyer finance rose 12.3% through March. First home buyer finance accounted for 24.7% of owner-occupier finance in the month, which is above the decade average of 23.7% |
| Download the full CoreLogic report here |
