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Regional Market Update: Third Quarter 2015

3 Nov 15

Following the release of the Valuer-General’s median house prices for the September 2015 quarter, the regional housing market recorded a median house price of $255,000. This was the same median house price as recorded in the last quarter and the same quarter last year.

Sales were down from the previous quarter and when compared to the same quarter last year.

“These results mirror what has happened in the metropolitan area. The third quarter always shows a decrease in volume of sales and 2015 has been no exception. Despite this, it is encouraging that the median house price has continued at its high level” said REISA President, Mr Alex Ouwens.

Suburbs which have seen the largest growth over a 12 month period are Port Augusta, Renmark and Millicent with increases of 36.36%, 31.03% and 25.56% respectively.

Top selling suburbs in terms of recorded sales over the September quarter were once again Victor Harbor, Mount Gambier and Murray Bridge – but it has been a while since Mount Gambier has not held the Number 1 spot.

Click here to view the Market Update Report for September 2015