news

High-growth suburbs revealed

By Staff Reporter
South Australia

The latest release of Valuer General’s median house price data in South Australia has revealed the highest-growing suburbs in that state, as well as an indication of overall market conditions.

According to the Real Estate Institute of South Australia (REISA), the state’s overall median house price remained stable over the June quarter, at $390,000.

According to Greg Moulton, REISA president, the latest figures reflect a 0.76 per cent increase in metropolitan Adelaide’s median price over the previous quarter, and a 2.45 per cent increase over the same period for 2014.

The number of settled property sales in metropolitan Adelaide dropped year on year, with 3,038 houses settled.

Mr Moulton attributed this downturn to the state’s economic position and the timing of sales.

“It is certainly true that we would have liked to see the settlement of more sales, but given South Australia’s current employment conditions and the record cold temperatures, perhaps this result is inevitable,” he said.

The REISA listed the suburbs of Largs North, Somerton Park and RichmondRichmond, SA Richmond, VIC Richmond, NSW Richmond, TAS Richmond, NSW as experiencing the largest growth over a 12-month period, according to the Valuer General’s data.

The suburbs with the largest number of recorded sales over the June quarter were Morphett Vale, Mawson Lakes and Paralowie.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
High-growth suburbs revealed
SPI logo