Buyers rally in Adelaide

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Adelaide is showing signs of growth with an increase in sales volumes for June, new research shows. 

The Real Estate Institute of South Australia said the figures, which were released by the SA government, were a welcome sign in what has been a rough period for the southern state. 

There were 3,800 sales in June, with the value of houses rising 3.1% in the same period. 

Leading SA broker Angelo Benedetti said this confirms that the market has shown signs of improvement. 

“The market is very good. We have a strong client base and they are always active with their property purchasers. The new stamp duty incentive has also assisted,” he said.

He added enquiries over new homes had risen, showing things were “turning and improving,” which he attributed to lower interest rates.

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