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South Australia, what a winner you are! The state’s property market continues to chug along nicely at a time when other states are experiencing cooler conditions.
Over the last year, Adelaide home values have risen 0.4%. Even better according to CoreLogic , in the last five years the city’s home values have notched up impressive growth of 11.8%, giving home owners plenty to smile about.
Adelaide North and South have performed especially well, recording gains of 6% and 7% respectively over the last 12 months. Adelaide Central and Hills has seen price growth of 0.3%, and looking a little further afield, homes in the south-east of the state have jumped 2.2% in value in the past year.
It goes to show what a consistent performer the Adelaide market is.
According to one study , 74% of Adelaide markets have median prices higher than a year ago, and roughly half of those have grown by more than 5%. More than 20 of the city’s suburbs have seen price growth topping 10% including Mansfield Park (20%), St Georges (18%), Henley Beach South (15%), Glenelg units (27%) and Norwood units (17%).
South Australia may not have enjoyed the mining spoils or strong house price upswing seen in other states in recent times, but neither has it suffered the hangover. That’s seen South Australia win the ANZ Stateometer ‘race’ in the March 2019 quarter, the only Australian state to record an above-trend growth rate amid rising momentum.
Long story short, Adelaide is offering plenty of appeal to both home owners and investors, and today’s super-low interest rates just make the state’s housing market even more appealing.
Why choose Mortgage Choice?
We know how important it is for you to be able to trust the advice you are receiving from our experts.
Our home loan service comes at no cost to you because we get paid a commission by the lender when you settle a home loan. We then pay your broker but we do it differently from other mortgage brokers. Your Mortgage Choice broker gets paid the same rate of commission no matter which home loan you choose from our wide choice of lenders.
This makes sure they always have your best interests at heart.
We have local experts available to help you with all things finance related. They'll make complicated easy and provide you with the information and advice you need to make the right decisions with your money.
We can assist you with your personal finances including your home loan, car loan and insurances and our financial advisers can help you plan to achieve your financial goals now and in the future. We can also help you organise finance to start or grow your business and fund your assets.
Contact one of our local experts today to see how we can help you.
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Mortgage Choice was founded by the Higgins brothers over 25 years ago. They believed in giving Australians access to a choice of home loans, backed by expert advice to help them make the right choice. They were pioneers in mortgage broking and we've since helped over 600,000 people with their home loans.
Over the years, our passion for offering choice and advice has been extended to other areas of personal and business finance, including our industry leading financial planning service.
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