South Australia Shows Strong Real Estate Numbers in June Quarter
The real estate market in South Australia is continuing to show strong growth as consumer confidence increases and house prices maintain their value. According to the Real Estate Institute of South Australia (REISA), “official figures for the June quarter show there has been an increase in consumer activity, with the number of transactions up 10 per cent from the previous quarter.”
“There is no doubt that first homebuyer incentives have been a major contributor to this and while the federal grant will soon be scaled back slightly, it is still an excellent time to enter the property market if your employment is stable,” said REISA president Robin Turner.
Turner expects consistency in the market for the rest of the year as interest rates are still low and prices remain steady. “The South Australian property market escaped the worst of the global downturn and now we are seeing the market start to move forwards again,” he adds.
The positive signs of improvement are evident in median prices for all areas of the market. With this, REISA is concluding that SA is safe place for long-term real estate investments.