Just when we all
thought Sydney had run out of steam, it rebounded again, as did Melbourne with
Sydney taking the lead once again with a 6.8% rise and 3.5% for Melbourne,
whilst Adelaide only saw a .8% growth for the quarter.
The strong combined
performance by Australia's biggest cities lifted the Hedonic Home Value index
to a new record. Whilst residential prices are forecast to remain relatively
stable in the next 12 months, we are seeing new investors seeking to purchase
property throughout SA. These buyers are often first home buyers from the
Eastern seaboard that simply can't afford the high prices of Melbourne and
Sydney and see Adelaide as an attractive affordable place to invest.
Adelaide Hills region is continuing to perform well with sales outstripping
supply in most areas. The prices remain steady with continued interest in our
market place. As our temperatures heat up, we will expect the activity will
too, with one of the wettest winters now well behind Property Market Remains
Strong In SA And Australia us.
The soggy weather we endured didn't affect our overall sales, in fact we had one of the best selling periods in history. However our slow start to spring has certainly slowed new properties entering the market. So in the coming weeks, expect to see some substantial properties hitting these pages.