Buyers continue to flock to South Australia, with data from listing website realestate.com.au showing seven of the country’s most sought after suburbs are located in the state.
According to realestate.com.au’s quarterly ‘Top Sellers’ Markets’ data, released earlier this week, seven of the ten top suburbs are located in South Australia – an increase from August when the state claimed five spots in the top ten.
The top ten suburbs, ranked by the amount of people looking per listing in a suburb, were:
1. Malvern (SA)
2. Kensington Gardens (SA)
3. Goodwood (SA)
4. Clifton Hill (VIC)
5. Norwood (SA)
6. Walkerville (SA)
7. Clarence Park (SA)
8. Hyde Park (SA)
9. Park Orchards (VIC)
10. St Peters (SA)
Arthur Charlaftis, general manager sales and operations at REA Group, owner of realestate.com.au, said the message is clear for people thinking of selling in these suburbs.
“If you own a property in one of these suburbs and are thinking of selling, now’s a great time to list,” Mr Charlaftis said.
“With three million people visiting our site each month, our robust data shows where people are looking to buy. These suburbs indicate a high level of competition at a listing level, which generally translates to increased participation in the market by consumers down the track,” he added.
Lew Toop, from Toop & Toop Real Estate, said the top sellers’ market, Malvern in SA, is filled with sought after properties in a great location.
“Malvern is a suburb that has a high concentration of character homes such as villas and bungalows, which are highly sought after at the moment.”
“It’s minutes from the city and there’s a good range of land sizes, from your average block to quite large land holdings. It’s the type of suburb that suits people with families, working in the city, as there’s access to great schools and shops,” Mr Toop added.
As for South Australia topping the charts nationally, Mr Toop puts it down to South Australia’s conservative property market.
“I’ve always considered our state to be quite conservative and less prone to highs and lows. Whilst we are conservative, we’re quite confident too. The nature of the conservative market has probably held us up whilst other states have experienced some market volatility.”