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Regional Market Update - 1st Quarter 2017

28 Apr 17

Following the release of the Valuer-General’s median house prices for the March 2017 quarter, the regional housing market recorded a median house price of $265, 000.  This represents a fantastic increase of 1.15% from the previous quarter but slightly down from the sale quarter last year.

Sales were up across the board – 5% from the last quarter and 10% from the same quarter last year.

REISA President, Mr Alex Ouwens said “I am absolutely thrilled that the volume of sales is up in regional South Australia.  Traditionally, the numbers are less in the first quarter of a year than in the last quarter, but these figures are fantastic – a 5% increase in total sales shows that the regional market is healthy and bouncing along nicely”.

Suburbs which have seen the largest growth over a 12 month period are Berri, Renmark and Port Lincoln with fantastic increases of 30.13%, 27.98% and 14.24% respectively.

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

Click here to view the full Market Update.