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A Year and Change

22 Jan 15

Following the release of the Valuer General’s median house prices for the December 2014 quarter, the regional housing market recorded a 2.64% increase in the median house price over the last quarter and a 1.87% rise when compared to the same period last year.  The median price rose to $272,000 - just short of the result recorded earlier this year.

Sales in this quarter were down from the previous 2014 quarter and when compared to the same quarter last year.

The regional results are almost identical to those found in metropolitan Adelaide.  Median prices are at record levels but the volume of sales has remained steady or slightly dropped. However, as interest rates continue at their historically low levels, more and more vendors and purchasers will enter the market place as the year goes on.

Suburbs which have seen the largest growth over a 12 month period were Murray Bridge, Naracoorte and Port Augusta with increases of 17.78%, 15.40% and 7.48% respectively.

Top selling suburbs in terms of recorded sales over the December quarter – exactly the same as the last - were Mount Gambier, Victor Harbor and Murray Bridge.

Click here to view the December 2014 Quarter Market Update in full