Regional South Australian Real Estate second highest growth market in Australia
Apr 5, 2024 2:14 PM
Regional South Australian Real Estate second highest growth market in Australia
The regional South Australian real estate market has experienced significant growth, with the latest Proptrack market insight report displaying home prices increasing by 66.2% since the onset of the pandemic four years ago. This growth rate places it just slightly behind regional Queensland, which has seen a growth of 66.5% during the same period. The growing interest from buyers, not only from within South Australia but also from interstate, has further fueled the demand for properties in regional areas.This heightened demand has played a significant role in driving up prices.
The scarcity of homes available for sale in the region has contributed to the upward pressure on prices. Limited supply often leads to heightened competition among buyers, resulting in higher property values.
Regional South Australia offers a safe and relaxing lifestyle, which can appeal to a buyer seeking a more peaceful and affordable alternative to city living.
This lifestyle factor has attracted a remarkable amount of additional interest from individuals and families looking to relocate. Right now is an opportune time for homeowners considering selling their properties in regional South Australia. With a robust market and a pool of qualified buyers showing interest, sellers will for sure benefit from encouraging selling conditions. If you are considering selling now may be the best time to do so, if you would like an updated market appraisal on your property, please do not hesitate to reach out as we have many qualified buyers waiting to enjoy our lifestyle.
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