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Quarterly Release of Valuer General’s Adelaide Median House Price
Following the release of the Valuer General’s median house price data for the 2014 December quarter, Professionals SA CEO, Ted Piteo said the figures showed a 5% increase in volume of sales over the last quarter, a 3.16% increase in median price over the last quarter, a 3.9% increase over the same period last year.
The median house price is at $425,000 in Adelaide which is the highest recorded median on record. This is a great result and reflects the underlying strength of the property market.
The unit and apartment market showed a 2.83% rise in the median price from the previous quarter and 4.16% rise compared to the same quarter last year. Sale were also up from the previous quarter.
Percentage increases will differ from suburb to another so real estate consumer wanting more information about their suburb should contact their local Professionals office for a free suburb report.
Quarterly Release of Valuer General’s Regional Median House Price
Ted Piteo, CEO Professionals SA commented on the positive results following the release of the Valuer General’s median house prices for December 2014 quarter, the regional housing market recorded a 2.64% increase over the last quarter and a 1.87% rise compared to the same period last year. The median price rose to $272,000.
Sales for this quarter were down from the previous 2014 quarter and compared to the same quarter last year.
Ted went on to say although overall it was positive, local markets are different and that’s why it’s important to use a local when looking for information on your property market.
For a free suburb report, contact your nearest Professionals office.