Corelogic recently released its pain and gain report with Tree Gully having the highest rate of profit-marking resales at 99.1 per cent.
“This may reflect a surge in popularity across the northern suburbs of Adelaide through the current upswing, which present relatively affordable housing prices, alongside reasonable commutes to beaches and major employment hubs,” the report reads.
The properties that sold in the LGA during the June quarter have a median hold period of 9.5 years, with the total value of profit being $63,200,663 and the median profit being $150,000.
Adelaide ended 2023 with luxury house prices at $1.6 million, 2.2 times more than in 2014 and a 9.2 per cent increase from 2022. For the first 6 years of the last decade, luxury house prices increased incrementally, but once the $1 million threshold was passed in 2020, luxury house … Read more
Adelaide’s rental crisis is showing no signs of easing with the City of Churches named Australia’s most difficult market for prospective tenants. New PropTrack data shows Adelaide overtook Perth in March to become the nation’s most challenging market in which to secure a rental, with just 0.83 per cent of … Read more