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Recent data on the state of South Australia's rental market shows that vacancy rates and weekly rent has kept stable.
Real Estate Institute of South Australia (REISA) figures reveal that for the December quarter, rental properties in the greater Adelaide area had a vacancy rate of 3.1 per cent.
Regional areas in South Australia recorded a rate of 3.7 per cent for the three months to December.
REISA president Greg Moulton said tenants respond to rental rate trends, and a well-priced rental property can go a long way.
He explained: "We've really seen price be a major factor in tenant's decisions in the past 12 months and as there are slightly more properties available for lease, the tension between vacancy and price has eased."
Mr Moulton added that the western suburbs of Adelaide are seeing higher than normal vacancy rates, while the Upper Spencer Gulf in regional South Australia is also experiencing a slowdown in demand due to a decline in mining activity.
Median weekly rent for an Adelaide house sat at $320 per week in the December quarter, up by $5 from 12 months previous.
Adelaide units commanded a median rental rate of $270 in the three months to December.
