At the time, the property market in Adelaide was performing steadily, with prices showing moderate growth. According to a report by CoreLogic, Adelaide’s housing market had increased by 9.7% over the past year, which was a higher growth rate than many other capital cities in Australia. However, the growth rate had slowed in the latter half of 2021 due to the impact of the COVID-19 pandemic.

The demand for housing in Adelaide was also expected to remain strong, due to factors such as a growing population, low-interest rates, and government incentives for first-home buyers. Additionally, Adelaide’s relative affordability compared to other capital cities in Australia was expected to attract buyers.

Overall, the property market outlook for Adelaide was positive, with steady growth and strong demand expected to continue. However, it is important to note that the property market is subject to various factors that can impact its performance, such as economic conditions, government policies, and global events.

In terms of future outlook, many experts predict that Adelaide’s property market will continue to grow in the coming years. Factors such as population growth, low-interest rates, and government incentives for first-time buyers are expected to support demand for property in Adelaide.