This house in inner Adelaide was listed for 4 months, didn't sell and is now up for rent. Expect to see more of this as sellers don't want to budge, but need cashflow. It will put downward pressure on rents. In this case the for-rent price is more delusional than the sale price!
There was a 40% drop in loans to investors in South Australia vs the prior quarter. They still made up 30% of loans though (I think they will be at 20% of loans in another 6 months). Listings on market will continue to pile up without this source of excess of demand.
House prices in this area of northern Adelaide (among the poorest in suburban Australia) are up ~140% in 5 years. Meaningful listing price reductions are now evident per @SpachusAus data. Prices here will fall much further in 2027 as economic reality bites and investors exit.
Adelaide listings taking off for Spring selling season. The new sellers are now competing with all the other stale stock that has been building up over the last four months.
Adelaide Property Drops 💧💧💧 retweeted
2025 vs 2026 - #Adelaide sold properties from July to September 👀
Adelaide Property Drops 💧💧💧 retweeted
Albanese coaxing first home buyers into the market before the market tanked graphed.
Chart: REA
Best day of weather in Adelaide in 4 months couldn’t save the auction results. Weakest result this year by far. Listings piling up now.
Stock of property on market in Adelaide has been rising at a steady pace of ~100 per week since the budget. Seasonally the weakest period of the year for new listings before the Spring influx.
Adelaide Property Drops 💧💧💧 retweeted
'A sharp slowdown in loan applications has heightened fears that the property market is cooling faster than expected, with the Reserve Bank warning of the impact of Labor’s controversial budget tax changes and the risk an extended downturn could slow the overall economy' #ausbiz #housing
theaustralian.com.au/nation%…
Strong daily clean sweep to the downside. More settlement data coming through from post budget (45 days ago).
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Adelaide Property Drops 💧💧💧 retweeted
📉 2026-06-26: Aggregate momentum hits 20/100 — barely an up-day in a month. The composite isn't a city, but it tracks the whole market: 30d pace -6.5%/yr, Sydney and Melbourne dragging, and even the northern trio cooling fast.
Adelaide Property Drops 💧💧💧 retweeted
It might not be clear that there is a market reversal - but there will be signs.

































