House rates in Roxby Downs decreased considerably in 2009
From Recent Real Estate Institute of South Australia (REISA) stated that from their recent report, Roxby Downs’ rates are one of the obstacles that have been experienced in South Australia. Figures said that in September, 2008 the average home in Roxby was selling at $428,464.
However in 2009 that statistics report have been decreases to only $374,560 at the same time as towns such as Port Pirie and Whyalla saw a concrete growth with their market value and home for sale in Australia.
5.9 per cent increase has been showed in Port Pirie while Whyalla rose by 7.8 per cent and fortunately Wallaroo got the largest increase among the state with almost 29.8 per cent median price rise. While Port Augusta recorded the worst in the State with a drop of 13.5 per cent from $230,000 to $199,000.
“The global financial crisis certainly has had an impact on population numbers in Roxby Downs and there is some vacant housing within the town” said Roxby Downs’s thingking that this past year is the most challenging year for the real estate listings in Australia.
