Do you know what the median house price is for a home in South Australia?
Good news! The latest figures show that it’s at an all-time high. Not a ‘how long can this possibly last’ property bubble high, but showing healthy, sustainable growth.
The current median price is $470,000, which is up 2.84% from this time last year.
This slow-and-steady type increase is an ideal situation to see in the property market. It means sellers are getting good returns on their homes, but buyers can rest assured that they aren’t getting pulled into something unsustainable.
Adelaide continues to poll as the most affordable and liveable city in Australia.
There are plenty of opportunities out there if you need to make a house move this year, as experts predict this growth trend will continue throughout 2018 and into 2019.
Prices in the South Australian market have gone up 3.7% over the last 12 months. (Source: CoreLogic YTD data, as at Dec 2017)
The Adelaide housing market is stable and shows steady, sustainable growth.
If you’re looking to buy a home in 2018, top suburbs to watch are: Prospect, Modbury Heights, College Park, Findon, Henley Beach, Marion, and Reynella.
For investors, the unit market looks strongest in Rosewater, Broadview, Magill, Kurralta Park, and Christies Beach.
- And that’s real estate -