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Regional Market Update - 1st Quarter 2018

30 Apr 18

Following the release of the Valuer-General’s median house prices for the March 2018 quarter, the regional housing market recorded a median house value of $270, 000  This represents a fantastic increase of 3.85% from the previous quarter and a significant increase of 0.75% from the same quarter last year.

Sales were down this quarter and mirrored the result throughout metropolitan Adelaide..

REISA President, Mr Alex Ouwens said “It is fantastic to see the median result continue its upward trajectory and the increase from the last quarter is just brilliant.  Traditionally, the numbers of sales are less in the first quarter of a year than in the last quarter, but these figures are still solid and show the underlying strength of the regional real estate market”

Suburbs which have seen the largest growth over a 12 month period are Barmera, Millicent and Whyalla with fantastic increases of 25.67%, 20.57% and 20.51% respectively.

Top selling suburbs in terms of recorded sales over the March quarter were Victor Harbor, Mount Gambier and Port Lincoln.

Click here to view the Regional Market Update.