SA records highest buyer demand

SA records highest buyer demand

29 January 2014 by Steven Cross 0 comments

South Australia is the best state for vendors, featuring five of the country's top 10 suburbs with highest buyer demand, according to realestate.com.au.

The website identified the 10 suburbs with the greatest number of people searching for property per listing.

Parkside in Adelaide’s inner city took out first place for the third quarter in a row, while Norwood and Mitcham came in second and third.

South Australia also ranked at spots six and seven with St Peters and Burnside.

Cynthia Sajkunovic from LJ Hooker Unley said demand for property in South Australia had steadily climbed over the past 10 years.

“We can see that the buyer market in South Australia is growing,” she said.

Ms Sajkunovic believed interstate investors were attracted by Adelaide’s competitive price points.

“Buyer confidence is up and interstate buyers in particular recognise that property in Adelaide is very affordable and offers fantastic value for money,” she said.

She warned prices could start climbing in the near future.

“It’s a great time for sellers – buyers should aim to get into the market quickly as the property prices will increase with rising demand,” she said.

Suburbs in New South Wales also showed strong buyer interest, with Freshwater, Thornleigh, Manly Vale and Cherrybrook all making it into the top 10.

Stafford Heights in Queensland rounded out the rankings in 10th place.

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