Mildly amusing that commentators are now sanctimoniously warning buyers about paying too much in Sydney and Melbourne (well, this is obviously true in any market) - never mind that in 2012 they were still continuing to advise investors to buy in Adelaide instead of Sydney.
All the while on this blog I posted my opinion that Sydney's inner/middle ring suburbs would smash records -and they will - Sydney median prices are already up by 13% in this cycle and are heading north by the day.
I'm not permanently down on Adelaide and despite its weak population growth I am prepared to change my view if the state unemployment rate falls well below 7%.
But not until there is clear evidence of sustained jobs growth in the state - currently jobs growth y/y is negative as compared to NSW where jobs growth has been very strong.
Low interest rates may gradually begin to see employment growth return but it has been a painfully slow 5 years for Adelaide.
Two weeks, I reckon.