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Market Update Regional: 3rd Quarter 2016

1 Nov 16

Following the release of the Valuer - General’s median house values for the September 2016 quarter, the regional housing market recorded a median house value of $260,000. This represents a fantastic increase of 4.00% from the same quarter last year but down 0.95% from the previous quarter.

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

“These results reflect what has also occurred in the metropolitan area during this traditionally slow quarter. While sales are down – as was expected – it is great to see the median price hold up so well” said REISA President, Mr Alex Ouwens.

Suburbs which have seen the largest growth over a 12 month period are Port Augusta, Renmark and Millicent with fantastic increases of 36.36%, 31.03% and 25.56% respectively.

Top selling suburbs in terms of recorded sales over the September quarter were the perennial Top 3 – Victor Harbor, Mount Gambier and Murray Bridge.

Click here to view the full Market Update.