Latest Market Update
September Quarter Market Update 2013 - Sales
The South Australian property market has shown resilience amidst the uncertainty that has plagued other investment markets, according to the Real Estate Institute of South Australia.
Commenting on the release of the Valuer General’s median house price data for the September quarter, REISA Vice President, Mr Ted Piteo, said that the median house price for Adelaide had shown a small rise of 1.82% from $385,500 to $392,000 over the 12 month comparison.
“The 12-month growth recorded for both sales and rentals projects good long-term prospects for the property market.”
“The economic climate for the September quarter saw buyers and renters seek out properties according to their affordability with outer metropolitan suburbs attracting the most interest,” Mr Piteo said.
In the September quarter, 3,920 house settled across the Adelaide metropolitan area, while 12 months ago, the same quarter saw 3,672 houses settled.
Click here to download the September 2013 Market Update Report
Click here to download the June Sales 2013 Market Update Report
Click here to download the March Rentals 2013 Market Update Report
Click here to download the March Sales 2013 Market Update Report