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Regional Market Update - September Quarter

7 Nov 18

Following the release of the Valuer-General’s median house prices for the September 2018 quarter, the regional housing market recorded a median house value of $270,000.  This represents a solid 0.93% increase from the last quarter and a robust 1.89% increase from the same period last year.

Sales were slightly down from the last quarter and the same quarter last year.

REISA President, Mr Brett Roenfeldt said “Given that the third quarter in every year shows a slowing down of the housing market, it is fantastic that regional South Australia has somewhat bucked this trend.  Sales are only marginally down and the median price continues to rise to very sustainable and healthy levels.  I am delighted that the regional housing market continues to show resilience and underlying strength”,

Suburbs which have seen the largest growth over a 12 month period are Barmera, Port Lincoln and Murray Bridge with increases of 19.43%, 10.08% and 9.18% respectively.

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

Click here to view the full Regional Market Update for the September Quarter