Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

Adelaide market hits five-year high

By Stefanie Garber
13 June 2014 | 1 minute read

The Adelaide market got off to a roaring start in 2014, recording the strongest March quarter sales in five years according to RP Data.

In the three months to March, the city recorded 4,802 house sales, a 13.6 per cent increase on the same period last year.

Units sales are up 2.4 per cent on the 2013 March quarter.

“March 2014 managed to record the strongest first quarter for house sales since 2009, and the strongest for units since 2010,” RP Data research analyst Cameron Kusher said.

However, he said sales were down slightly from the December 2013 quarter.

Local buyer’s agent Chris Waterman from Waterman & Waterman said the Adelaide housing market was robust, despite its sluggish performance compared to larger capital cities.

“Adelaide is far more stable than the volatile markets of the eastern coast,” he said.

“In spite of all the publicity you read, the Adelaide economy has been like a bulldog, it just keeps on going. I think there are genuine opportunities here.”

Meanwhile, Real Estate Institute of South Australia chief executive Greg Troughton said despite rising activity, Adelaide remained Australia’s most affordable capital.

“If you compare our median priced homes with the equivalent interstate, you can see why that makes us good buying,” he said.

Adelaide market hits five-year high
default
lawyersweekly logo

ABOUT THE AUTHOR


Listen to other installment of the Real Estate Business Podcast
Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.