Corelogic’s report on final value index of 2021 indicated that Adelaide house prices has risen 23.2% in 2021, with a huge 7.2% in just the last quarter.
It comes as interstate arrivals continue to put heat into the Adelaide real estate market, with a tripling in SA house purchases being transacted by New South Wales and Victorian buyers which has certainly contributed to the the price increase along with a lack of supply.
It’s not too late to take advantage of the market frenzy! Call one of our team today to find out what your property could be worth in the current market.
Cheaper properties saw the strongest price growth over the past 12 months with houses in the lowest percentile increasing by 12.2 per cent. In comparison, our most expensive homes have seen a price slowdown, perhaps now reflecting the prolonged impact of higher interest rates. Long term, Australia’s most expensive homes … Read more
No cut but pressure is building Australia hasn’t yet joined much of the rest of the world in cutting rates but pressure is building. Monthly inflation came in at 3.5 per cent in August, now just above the Reserve Bank of Australia’s upper limit of three per cent. It is now … Read more