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Adelaide home values surge to $950,703 as CBD rentals tighten dramatically
Adelaide's median dwelling value hit $950,703 amid the tightest rental market in years, though June brought the first monthly dip.
How we reported this
Adelaide housing values increased 0.5 per cent in May 2026 according to multiple reports, the smallest monthly gain since June 2025, following a 1.6 per cent peak in December. Annual growth stayed robust at 12.2 to 12.3 per cent, pushing the median dwelling value to $950,703 with houses at $1,013,138 and units at $697,499.
The rental vacancy rate in Adelaide sits at a critically low 0.7 per cent, down from 0.8 per cent a year earlier, with rents rising 4.5 per cent annually and placing continued pressure on tenants. This tightness affects city centre residents and workers who rely on proximity to CBD jobs and services.
June 2026 recorded the first monthly price decline of the year at minus 0.2 per cent in the PropTrack index, linked to federal budget tax changes and interest rate rises, even as annual growth of 12 to 13 per cent outpaced Sydney and Melbourne. For Adelaide CBD locals this means a slightly more balanced buying environment while rental costs remain elevated.
Sources: perplexity-sonar, perplexity-sonar, perplexity-sonar.