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Following the release of the Valuer General’s median house price data for the 2014 December quarter, Professionals SA CEO, Ted Piteo said the figures showed a 5% increase in volume of sales over the last quarter, a 3.16% increase in median price over the last quarter, a 3.9% increase over the same period last year.
The median house price is at $425,000 in Adelaide which is the highest recorded median on record. This is a great result and reflects the underlying strength of the property market.
The unit and apartment market showed a 2.83% rise in the median price from the previous quarter and 4.16% rise compared to the same quarter last year. Sale were also up from the previous quarter.
Percentage increases will differ from suburb to another so real estate consumer wanting more information about their suburb should contact their local Professionals office for a free suburb report.