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Regional Market Update - 3rd Quarter 2017

31 Oct 17

Following the release of the Valuer - General’s median house prices for the September 2017 quarter, the regional housing market recorded a median house price of $262,000.  Although down from the previous quarter and the same period last year, the result is still very strong.

Sales were up slightly from the previous quarter and significantly up from the sale period last year.

REISA President, Mr Alex Ouwens said “It is absolutely fantastic that the regional results have somewhat bucked the dreaded 3rd quarter trend and are significantly up from the same period last year.  The fact that they are also up from the previous quarter shows the considerable resilience and strength of the regional property market”.

Suburbs which have seen the largest growth over a 12 month period are Berri, Port Pirie and Port Augusta with fantastic increases of 47.21%, 36.30% and 12.14% respectively.

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

Click here to view the Regional Market Update