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Following the release of the Valuer General’s median house prices for the September 2014 quarter, the regional housing market recorded a slight 0.48% increase in the median house price when compared to the same period last year.
However, the median price for the regional housing market dipped slightly to $263,750. Sales in this quarter were identical to sales in the same period last year but down from the previous 2014 quarter.
“As reflected in the results of metropolitan Adelaide, the third quarter is always traditionally slower in sales and the regions are no exception. As the weather warms up and interest rates remain at historically low levels, more and more vendors and purchasers should be entering the market place as the year goes on” said REISA President, Mr Ted Piteo.
Suburbs which have seen the largest growth over a 12 month period were Port Pirie, Barmera and Murray Bridge with increases of 11.57%, 7.26% and 5.43% respectively.
Top selling suburbs in terms of recorded sales over the September quarter were once again Mount Gambier, Murray Bridge and Victor Harbor.
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