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Home Market Value Segments Differ!

18 Jan 2015 Port Adelaide 0 Comment

Ted Piteo CEO Professionals SA picks up on a recent Corelogic media release which highlighted looking at different segments of the market based on dwelling values; the broad middle 50 percent of capital city suburbs recorded the greatest value rise over the past year. This was 8.5 percent compared to the most affordable 25 percent recorded a gain of 7.7 percent and the most expensive 25 per cent 7.8 percent rise in value.

In Adelaide where the median house price sits at as at the end of December 2014 at $429,800 and units at $342,000 recorded value rises of 4.5 percent for houses and 2.5 percent for units for the same twelve month period.

Locality values will differ again and it is important for consumers to understand and ask a local agent how these values have changed in their area.

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