Coronavirus: Adelaide property market historically resilient through economic downturns

PIPA research into recessions and downturns between 1973 and the global financial crisis found Adelaide median house prices were higher five years on in every case, rising 37.7 per cent after the mid 1970s recession and 31.3 per cent in the period to 1988. Chairman Peter Koulizos said predictions of property doom had not been borne out in recent history. Local agents credited tight listings and strong buyer demand for holding Adelaide values steady.