Adelaide remains the fastest-selling capital city in Australia, with homes taking a median 28 days to sell in late September, according to Ray White data. Nationally, that figure has stretched from 34 to 47 days since the May Federal Budget.
The rate rise. On 29 September the Reserve Bank lifted the cash rate to 4.60%. Ray White Chief Economist Nerida Conisbee said housing costs are driving inflation, but higher rates “can’t build more homes or lower construction costs”. The next few data releases will show whether this is the peak.
What’s happening nationally.
What it means locally. Adelaide did not see the pre-Budget surge that Perth and Brisbane did, and that is helping it hold up now. In our own patch, well-presented homes are still selling. Recent results include 621 Anzac Highway, Glenelg North, 328 Brighton Road, North Brighton and 613/19 Holdfast Promenade, Glenelg.
For sellers: fewer buyers are coming through each open, so price and presentation matter more than they did a year ago.
For buyers: less competition at opens means more room to negotiate, but good homes in Glenelg and Brighton are still moving quickly.
For landlords: rents are still rising, which supports yields even as borrowing costs climb.
Want to know what your home would sell for in this market? Book a free appraisal.
Sources: Ray White Now Weekly Wrap (28 September and 12 October 2026); Ray White Cash Rate Update (29 September 2026). National price data: Cotality. Open home and auction figures are Ray White data only.
Ray White Glenelg | Brighton sales executive Adam Rice has become the exclusive corporate partner of the Glenelg District Cricket Club. The partnership is personal for Adam. He came through the club as a junior, went on to represent the Seahorses at A grade level, was part of an A grade one-day premiership team and … […]