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SA Regional Market Update - June Quarter 2018

2 Aug 18

Following the release of the Valuer-General’s median house prices for the June 2018 quarter, the regional housing market recorded a median house value of $265, 000  This represents a slight decrease from the previous quarter and the same quarter last year.

However, sales were significantly up from the last quarter and the same quarter last year.

REISA President, Mr Alex Ouwens said “It is fantastic to see such an increase in sales in the June quarter – almost an 8% increase.  These figures show the continuing resilience of the regional real estate market and I am optimistic that this trend will continue over the coming months”

Suburbs which have seen the largest growth over a 12 month period are Barmera, Port Pirie and Berri with increases of 22.52%, 9.08% and 8.64% respectively.

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

Click here to view the full Market Update June Quarter