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Regional Market Update - December Quarter

6 Feb 19

Following the release of the Valuer - General’s median house prices for the December 2018 quarter, the regional housing market recorded a record breaking median house price of $277,500.  This was significantly up from the previous quarter and the same quarter in 2017.

Sales were slightly down from the previous quarter and the same quarter in 2017.

REISA President, Mr Brett Roenfeldt said “What a fantastic way to close 2018 with a new record breaking median price in regional South Australia.  While it is a little disappointing that the sales were slightly down in this quarter, I am confident that these figures will improve in the coming months. The regional real estate market is in great shape and I am delighted to see that the median price record has been smashed once again.”

Suburbs which have seen the largest growth over a 12 month period are Barmera, Renmark and Millicent with respective increases of 67.11%, 40.48% and 25.93%.

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

Click here to download the full Market Update for December Quarter