Each month, national housing data provides a broader lens on how Australia’s property markets are evolving.

The latest figures from Cotality show the Australian housing market continuing to record steady growth, although the pace of gains has begun to moderate slightly in recent months as supply gradually lifts across some capital cities.

Against this national backdrop, Adelaide continues to stand out for a different reason: consistency.

While some markets are experiencing greater volatility, South Australia’s property market remains characterised by steady demand, controlled supply and disciplined price growth.

National Housing Market:
Growth Continues, But Momentum Is Moderating

Across Australia, dwelling values rose 9.9% over the past 12 months, representing the fastest annual growth pace since mid-2022.

However, quarterly growth has eased slightly, with national values increasing 2.1% over the three months to February.

This moderation is typical as markets transition from a rapid upswing into a more sustainable phase.

Several trends are emerging nationally:

• Lower-priced homes are continuing to outperform premium properties

• Supply levels are gradually increasing in some cities

• Auction volumes are lifting as more sellers return to market

Even within this national environment, each capital city is moving at its own pace.

Adelaide's Growth Remains Steady

Adelaide continues to post solid, controlled growth rather than rapid acceleration.

Current figures show:

• 1.2% growth over the past month

• 2.2% growth year-to-date

• 10.8% growth over the past 12 months

This positions Adelaide firmly within the group of high-performing capital cities while avoiding the sharp price swings that have historically occurred in some eastern markets.

Importantly, this growth has occurred without significant oversupply or speculative activity.

That stability has been one of the defining characteristics of the South Australian property market over recent years.

How Adelaide Compares to Other Capital Cities

While the national housing market is growing, performance varies widely between cities.

Recent annual growth figures show:

• Perth leading the country, with annual value growth reaching 22%

• Brisbane continuing to perform strongly, supported by population growth

• Sydney and Melbourne recording more moderate gains

• Adelaide sitting comfortably in the middle of the national range with 10.9% annual growth

The key difference is volatility.

Markets like Perth are currently experiencing very rapid price escalation.

Adelaide, by contrast, is experiencing steady, sustainable growth—the type of market conditions that tend to produce strong consistent outcomes for sellers while maintaining a level of affordability for buyers.

Auction Activity Remains Strong

One early signal of the month’s momentum came from the auction market. In the first week of March, 3,479 homes went under the hammer across the combined capitals—the busiest auction week since March last year.

The national clearance rate held at 68.9%, despite the increased supply.

In that same week, Adelaide continued to perform strongly within the national context.

A total of 137 homes went to auction locally, with 75.9% reporting a successful result, placing Adelaide comfortably above the national average clearance rate.

Even as auction volumes increase across Australia, the local market continues to convert a high proportion of campaigns, a sign that buyer engagement in South Australia remains steady and confident.

What We're Seeing on the Ground

While national statistics provide important context, buyer behaviour often tells the most accurate story.

Over the past month, buyer attendance across inspections has remained consistent, with strong engagement across both established buyers and new entrants to the market.

Over the past month, our team has met 2,055 buyer groups through 325 open inspections. Of these buyer groups:

• 75.3% were already active within our buyer database

• 24.7% were new buyer groups to the market

This balance between known buyers and fresh enquiry is particularly important.

It indicates that the market is not relying solely on a fixed buyer pool, new demand continues to enter the South Australian market.

Even across some weeks where we have had less-than-ideal weather conditions, buyer activity still remained strong and consistent.

Supply Remains One of Adelaide's Key Advantages

One of the most important factors underpinning Adelaide’s performance is supply.

While new listings have begun to increase modestly, total listings remain below previous listing levels in many areas.

This lack of supply, continues to support:

• Competitive buyer conditions

• Disciplined pricing

• Consistent absorption of new listings

Compared with markets where supply has expanded rapidly, Adelaide’s balanced listing environment remains a structural advantage.

What This Means for Sellers

The current market environment suggests several key conditions remain in place:

Buyer demand remains active
Attendance levels and clearance rates indicate buyers are still engaged.

Price growth remains steady
Adelaide’s market is growing without overheating.

Supply remains controlled
Balanced listing levels continue to support competitive campaigns.

For homeowners considering selling in 2026, these factors point to a market that remains stable, active and supportive of well-prepared campaigns.

A Final Perspective

National property headlines often focus on large eastern-state markets.

But Australia’s property market is not a single system — it is a collection of regional markets moving at different speeds.

Adelaide continues to demonstrate something increasingly rare in property cycles:

Consistency.

Steady price growth.
Disciplined supply levels.
Active buyer participation.

For homeowners, the most important question is rarely what is happening nationally, it’s how your property sits within the supply and demand dynamics of your own suburb.

Understanding that local nuance is often what brings clarity.

If you're curious about how the current market is playing out in your area, our team is always happy to share their insights from on the ground.

You can meet our TOOP+TOOP sales partners here.