August Rental Market Update

Nationally, gross rent yields are 3.4% across dwellings. Adelaide’s rental rates grew from 7.2 per cent in July to 7.5 in August.

“The continued exodus of renters from the Eastern seaboard moving to Adelaide continues to create pressure on the local rental market,” General Manger of Property Management, Jane Looker, said. 

“We could lease properties priced in the mid-range median of around $430 many times over. There simply is not enough stock to meet demand.” It is an extremely affordable sale price bracket, ideal for the any investor, with great returns.  

In August, we received over 339 applications, leased 38 properties, and welcomed 632 groups through our opens. 

Properties that attracted the most interest were Blackburn Street, Adelaide with a massive 273 enquiries, 22 Talbot Street, Angle Park with 155 enquiries and Buscot Street, Oakden 96 enquiries. 


“With the volume of enquiries we are receiving for properties, my advice to renters is to ensure your application is 100% complete. Leasing Partners simply do not have time to chase incomplete applications. You always need to put your best foot forward.” 

“The average rental amount in August was $491 per week. We are seeing an influx of executives in the finance, medical and mining industries moving to Adelaide to pursue job opportunities and they are seeking properties between the $1200-$1500 per week mark” Ms Looker said.  

“Through our concierge service, we are assisting people match with properties, often before they are advertised online. It’s an excellent service for busy executives who don’t have time to be scrolling on”