South Australia Real Estate Review, March 2018
Following the release of the Valuer – General’s median house prices for the December 2017 quarter, the regional housing market recorded a median house price of $260,000 according to the Real Estate Institute of South Australia.
Although slightly down from the previous quarter and the same period last year, the result is still a strong result. Importantly, sales volumes were up more than 10% from the previous quarter and 15% from the same quarter last year.
REISA President, Mr Alex Ouwens said: “It is great to see that sales volumes are significantly up in regional South Australia during the last quarter of 2017. The regional market is a resilient market and I am delighted to see it doing well.”
Suburbs which have seen the largest growth over a 12-month period are Renmark, Berri and Port Lincoln with increases of 41.16%, 11.76% and 10.80% respectively.
Top selling suburbs in terms of recorded sales over the December quarter were the perennial Top 3 – Mount Gambier, Victor Harbor and Murray Bridge.