Valuer-general's report shows South Australian market has bounced back
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Feb 8, 2017
Valuer-general's report shows South Australian market has bounced back
The Valuer-General’s median house price report for the December 2016 quarter showed the volume of regional sales in South Australia rose in line with sales in metropolitan areas.
Following the release of the Valuer-General’s median house prices for the December 2016 quarter, the regional housing market recorded a median house value of $261,000. This represents a solid increase of 0.38% from the same quarter last year but down 3.33% from the previous quarter.
Sales were up from the previous quarter and the same period last year.
“I am delighted that the volume of sales is up in regional South Australia. These results mirror what has happened in metropolitan Adelaide and show that the market is bouncing back for 2017” said REISA President, Mr Alex Ouwens.
Suburbs which have seen the largest growth over a 12 month period are Barmera, Port Augusta and Port Lincoln with fantastic increases of 43.06%, 24.86% and 9.59% respectively.
Top selling suburbs in terms of recorded sales over the December quarter were the perennial Top 3 – Victor Harbor, Mount Gambier and Murray Bridge.
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