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Good news – cash rate stays on hold once again!
South Australia has again smashed the median record for the fourth quarter of 2018. According to the Real Estate Institute of South Australia (REISA) , the state’s median house price of $480,000 sets a new high for the South Australian property market.
Following the release of the Valuer-General’s median house price data for the 2018 December quarter, the latest figures revealed a median price that had obliterated the previous record and demonstrated high and sustainable growth of 2.38% since the same quarter in 2017.
Highlighting the strength of buyer demand, the December quarter 2018, saw 4,140 houses settle across the Adelaide metropolitan area, which is significantly up from the previous quarter.
Suburbs that saw the largest price growth over a 12-month period included Largs Bay, Stirling and Torrens Park. Other big movers included Myrtle Bank, Somerton Park and Greenwith.
Top selling suburbs in terms of recorded sales over the December quarter 2018 were the perennial favourites of Morphett Vale, Parafield Gardens and Aldinga Beach.
More broadly, the December quarter 2018 statistics show that South Australia’s median house price rose 1.90% on the previous quarter.
It goes to show the continuing strength and resilience of the South Australian property market. Low interest rates and a healthy market may be the right combo to help you achieve your property goals in 2019.
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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