Why Adelaide homes are undervalued (in under 155 words)

While there is doom and gloom in the market and buyers are wary the media has been focusing on the Sydney and Melbourne. Sydney after a boom from overseas buyers is now double the medium price of a home in Adelaide.

While the Media tends to ignore the Adelaide house market, the latest figures from core logic show that the medium price for homes in Adelaide at $467,180 making Adelaide the cheapest capital city to buy a home, even cheaper than Hobart which has recently become the new hot location to buy.

When you look at the long-term graph of house prices you can see Adelaide has had a steady rise while Sydney and Melbourne had rises far out of line with the rest of Australia, while Sydney and Melbourne move lower and back to the pack the Adelaide market still looks like a safe haven with potential for growth.

Graphs from Corelogic