South Australia Real Estate Overview

The median dwelling price in Adelaide continues to grow, with the latest from CoreLogic indicating it hit $430,000 in April.

At the same time, the Real Estate Institute of South Australia (REISA) revealed recently that the suburbs which have seen the largest growth over a 12 month period were Largs Bay, Malvern and Vale Park. Other big movers included Prospect, North Plympton and Belair.

Top selling suburbs in terms of recorded sales over the March quarter were the perennial Number 1 Morphett Vale, Paralowie and Aldinga Beach. Other performing suburbs included Hallett Cove, Mawson Lakes and Parafield Gardens.

“Morphett Vale and Paralowie will always be sterling performers because they are affordable, have terrific infrastructure and offer prime opportunities for development,” said Alex Ouwens, President of REISA. “Location is also key, and that is why the suburbs close to the beach will always be winners as they offer lifestyle and recreational choices for those wishing to downsize, undertake a sea change or be closer to nature.”

Sourced from: Raine&Horne Fusion

Raine & Horne Real Estate, Morphett Vale/Christies Beach/Reynella/Woodcroft
176 Main South Road, Morphett Vale, South Australia 5162