National rent values have experienced the fastest annual increase in 12 years

Adelaide’s rental rates grew from 5.8 per cent in April to 6.6 per cent in May, while the gross rental yield stayed consistent at 4.3 per cent. 

 “Adelaide recently being crowned the world’s third most livable city, and number one in Australia, is shining a spotlight on our city’s affordability and attractive lifestyle,” General Manger of Property Management, Jane Looker, said.  

 “We all knew it and it's great that the rest of the world now knows it. 

 “With tech giants like Amazon and Google moving into Adelaide, and the investment being made into the medical, defence and research industries, Adelaide is attracting professionals and executives from the eastern seaboard. 

 “Investors are turning their gaze back to Adelaide. Our robust performance through COVID-19, affordability and lifestyle make our state a wonderful place to invest or live.”. 

In May, we received over 260 applications, leased 40 properties, and welcomed 456 groups through our opens. 

Properties that attracted the most interest were Leabrook Drive, Para Hills with 176 enquiries, Chatswood Court, Golden Grove with 82 enquiries and St Annes Terrace, Glenelg North with 76 enquiries. 


“The average rental amount in May was $479 per week. Our top 10 properties were all neatly presented homes priced at under $400 per week,” Ms Looker said.  

“We are still seeing extremely high demand for properties in tight market areas like the northeast and the western suburbs are still proving to be very popular.” 

“There is least demand for apartments, particularly in the CBD. The return of international students will balance that out in time, but at this stage a lot of city apartments are sitting empty. We are working with our owners to think a little more creatively to get these properties leased.”