Adelaide vacancies remain around 1.7%
Adelaide residential vacancies continue to hover around 1.7%. The vacancy factor in June was virtually unchanged from May.
The Real Estate Institute of South Australia says the median weekly rent for Adelaide houses is now $270, up from $250 a year ago. Typical unit rents have risen from $195 to $225 per week over the past 12 months.
The tightest rental market is the Adelaide Hills which reports zero vacancies, a common event for the Hills property market. The shortage of rental accommodation is one of the reasons why Mt Barker features regularly in our South Australia Hotspots report.