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Regional Market Update - June Quarter 2019

28 Aug 19

Following the release of the Valuer-General’s median house prices for the June 2019 quarter, the regional housing market recorded a median house value of $269, 500  This represents a decrease of 0.92% from the previous quarter but a significant increase of 0.65% from the same quarter last year.

Sales were up from the previous quarter and only slightly down from the preceding quarter last year.

REISA Vice President, Mr Robin Turner said “It is great news that the median price result continues to hold its own this quarter.  It is also good news that sales have remained buoyant and are only slightly down from the same period last year.  Regionally, the real estate market is in good shape for 2019”

Suburbs which have seen the largest growth over a 12 month period are Whyalla, Millicent and Berri with fantastic increases of 37.50%, 26.67% and 25.71% respectively.

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

Click here to view the full Regional Market Update Report for the June Quarter 2019