News & Media
Regional Market Update - March Quarter 2019
30 Apr 19
Following the release of the Valuer-General’s median house prices for the March 2019 quarter, the regional housing market recorded a median house value of $272, 000 This represents a decrease of 1.09% from the previous quarter but a significant increase of 0.74% from the same quarter last year.
Sales were only slightly down this quarter with only 7 less houses sold this quarter than the preceding quarter last year.
REISA President, Mr Brett Roenfeldt said “It is great news that the median price result continues to hold its own this quarter. Traditionally, the numbers of sales are less in the first quarter of a year than in the last quarter – so this very slight decrease in sales numbers shows the continuing underlying strength of the regional real estate market.”
Suburbs which have seen the largest growth over a 12 month period are Port Augusta, Naracoorte and Port Pirie with fantastic increases of 36.00%, 25.74% and 5.34% respectively.
Top selling suburbs in terms of recorded sales over the March quarter were Victor Harbor, Mount Gambier and Murray Bridge.