While much of the mainstream media commentary on the property market focuses on the highs and lows of the big capital cities, it was Australia’s smaller capital cities which shone in 2022 – and they continue to do so in 2023.

Adelaide, in particular, is one of those shining stars.

Overall, Adelaide is a story of continuing high sales activity and on-going price growth, remaining generally one of the strongest markets in the country.

Indeed, the 2023 edition of the Rising Stars report which I published recently in collaboration with the comparison website Canstar, ranked Adelaide the No.1 market in the nation.

The Rising Stars report used a series of forward-looking indicators to rank the 14 major market jurisdictions of Australia (8 capital cities and 6 state regional markets) on their prospects for growth in 2023.

Adelaide topped the national rankings based on our analysis of sales volumes, vacancies, rents, price patterns and infrastructure spending.