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Solid sales results for SA's regions

1 Aug 16

Following the release of the Valuer-General’s median house values for the June 2016 quarter, the regional housing market recorded a median house value of $260,000. This was a significant increase of 1.96% from the same quarter last year but down 2.77% from the previous quarter.

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

“The sales results in the regions are very solid and I am delighted that they mirror the great performance witnessed in the metropolitan area during a traditionally challenging quarter.  While the median value is down from the previous quarter, it is still a great result and up from the same period last year” said REISA President, Mr Alex Ouwens.

Suburbs which have seen the largest growth over a 12 month period are Barmera, Whyalla and Naracoorte with increases of 12.35%, 10.21% and 5.65% respectively..

Top selling suburbs in terms of recorded sales over the June quarter were the perennial Top 3 – Mount Gambier, Victor Harbor and Murray Bridge.

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