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ADELAIDE THE CITY TO FIND THE IDEAL INVESTMENT PROPERTY

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ADELAIDE THE CITY TO FIND THE IDEAL INVESTMENT PROPERTY

Adelaide House Prices Q1 2022

South Australian House Sales – March quarter 2022
South Australian Rental Statistics – March quarter 2022

Adelaide is still the sweet spot with affordable Adelaide house prices in 2022.

The South Australian median house price for quarter one 2022 was $550,000 and $650,000 for the Adelaide metro area. During quarter one 2022, 6,871 houses were sold in South Australia. 724 houses sold within the City of Onkaparinga for an average sale price of $550,000, 525 sold in the Salisbury Council area for an average sale price of $475,000 and 498 homes sold in the City of Playford for sale prices just above $350,000.

Ellam Property Adelaide Buyer Agent says recent market experience shows that quality homes with land are still available and are for sale between $400,000-$600,000 in South Australia.

Adelaide House Prices

 

Ellam Property – Buyers Agent, recently purchased this quality 3 bed 1 bath property for a client, purchase price was $485,500 and the property is located in a stunning costal southern suburb of Adelaide.

“New data from REA’s PropTrack, which analyses rentals listed on realestate.com.au, shows weekly rents in metropolitan Adelaide have risen 10.3 per cent to a $450 per week median over the past year, fuelled in part by a 24 per cent decline in the number of available listings. Auction clearance rates experienced a decline from 88% in Jan to currently around 75%. This decrease may be due in part to buyer hesitancy given the recent interest rate rises. 

Price point is still a driving factor for choosing property investment in Adelaide and surrounds. “Affordability is a strong motivator for many investors.  In the northern suburbs of Adelaide we are securing a standalone house in the $300,000s!  In the southern suburbs we can secure a quality property under $500,000.

Good news for Adelaide property investment buyers looking for great Adelaide house prices as “The number of new properties listed for sale on realestate.com.au in June were 1.2 per cent higher than at the same time last year. Listings in Regional SA were also up by 2.9 per cent since last year.”

 

Adelaide House Prices

 

Ellam Property are securing quality investment properties and dream homes for their buyers in what is still a strong Adelaide market.

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Source REA  Source PIPA   Source REISA Source REA 

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