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.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out