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Market Update Regional: 4th Quarter 2015

21 Jan 16

Following the release of the Valuer-General’s median house prices for the December 2015 quarter, the regional housing market recorded a median house price of $269,000. This was a significant increase of 3.46% from the same quarter last year and a sensational 7.60% from the last quarter.

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

“These results almost mirror exactly what took place in the metropolitan area during the last quarter of 2015.  The rise in median price is fantastic and is almost back to the record level set in March last year.  A decrease in volume sales reflects the economic conditions in regional markets – stamp duty, unemployment, and consumer confidence” said REISA President, Mr Alex Ouwens.

Suburbs which have seen the largest growth over a 12 month period were Berri, Renmark and Millicent with increases of 23.43%, 20.00% and 15.11% respectively.

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

Click here to download the full Market Update for the December Quarter 2015