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.
Australians hoping for a reprieve on mortgage interest rates in 2024 might be disappointed. Recent economic data suggests the Reserve Bank of Australia (RBA) could raise rates multiple times this year, despite a slight dip in inflation. To better understand the forces at play, and understand what the future for … Read more
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