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Rents have remained the same across Adelaide over the past three months, new figures show. Picture: supplied.

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Adelaide’s surging rents are showing signs of easing but those in regional SA continue to climb, new figures reveal.

Latest PropTrack data shows the median advertised rent for an Adelaide property was $480 per week in the three months to June, the same as what it was in the March quarter.

Meanwhile, rents across regional SA rose 6.1 per cent in the June quarter compared to the previous, taking the median to $350 per week.

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The median advertised rent for an Adelaide property is now $480 per week. Picture: NCA NewsWire /Brenton Edwards

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Adelaide was the only capital city to record no growth for the quarter, while regional SA recorded the highest quarterly growth across the country.

Median advertised rents nationally rose 2 per cent over the June quarter to $520 per week – up 11.8 per cent compared to the June quarter of 2022.

Looking at year-on-year growth, Adelaide and regional SA recorded gains of 10.3 per cent and 9.4 per cent respectively.

Turner Real Estate chief executive Emma Slape said demand for rentals across the metropolitan area had eased but that didn’t mean rents would plummet.

Turner Real Estate chief executive Emma Slape. Picture: Brad Griffin.

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“It’s not to say the housing crisis is over, affordability is still a major issue,” she said.

“Winter’s always a quieter time of year, we’re still seeing that there’s strong demand in some areas of some house types.

“We’re still seeing very strong demand for family homes because there’s so few of them available.”

Meanwhile, Ray White SA chief executive Matt Lindblom said migration from Adelaide, interstate and overseas to regional SA was partially responsible for increasing rents.

Ray White SA chief executive Matt Lindblom. Picture: supplied.

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“What’s keeping prices elevated is a lack of supply,” he said.

“The solution for this will just take time.”

Mr Lindblom said more housing construction would help, but it would take time, as would an increase in the number of people willing to sell their homes.

PropTrack Economist Angus Moore said rents fluctuated across the country in the June quarter but were likely to continue rising in certain areas going forward.

PropTrack economist Angus Moore. Picture: supplied.

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“Rents are likely to continue growing in capitals over the coming months,” he said.

“But, with rental vacancy rates looking to have stabilised, and growth easing in some capitals, national rent growth may start to slow.”