Why Adelaide is Australia’s most resilient property market, according to experts

Property values are falling across much of Australia, but before you panic, take stock. Not all property downturns are created equal. Far from it, in fact. In just about every market correction phase, some areas hold their values better than others. Some even see capital growth. I asked REA Group economists how the nation’s many property markets stacked up against each other during three recent downturns. We looked at market corrections in 2004/5, 2018/19 and the one currently underway. The REA data uncovered a surprise city that dominated value performance across all three downturns. Adelaide, the city of churches. MORE:Vic property market crash survival zones revealed Adelaide topped the tables for resilient markets during multiple downturns. Adelaide had the top four regions on the list, with Adelaide- Central and Hills in top spot, followed by Adelaide- North, Adelaide- South and Adelaide- West. Each of these SA4 regions had double digit growth in 2004-2005; minor growth in 2028-2019 and steady growth between April and June this year. Ballarat in Victoria took fifth place, before it was back to South Australia, with the Barossa- Yorke- Mid North region in sixth place. MORE:Qld’...