News & Media
Regional Market Update - 2nd Quarter 2017
31 Jul 17
Following the release of the Valuer-General’s median house prices for the June 2017 quarter, the regional housing market recorded a median house value of $264, 500. This represents a slight decrease of 0.75% from the previous quarter but up from the same quarter last year.
Sales were down from the previous quarter and from the same quarter last year.
REISA CEO, Mr Greg Troughton said “I would obviously have liked to see more sales but I am pleased that that the median price has held up nicely. It will be interesting to see if the sales figures pick up throughout the rest of the year”
Suburbs which have seen the largest growth over a 12 month period are Renmark, Millicent and Port Augusta with fantastic increases of 41.53%, 24.11% and 11.11% 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.
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