The Price of Adelaide property market is Rising

An interesting trend has emerged in the Adelaide real estate market; over the past year, the Adelaide house prices has risen 14% or more on average, while at the same time there are more homes listed on the market than ever before. This means that now might be the best time to sell your property in Adelaide and lock in this new high price point before things go back to normal and prices go back down. To learn more about selling your property now, get in touch with us here at Onyx Realtors.

Better news for sellers

Adelaide house prices has risen! it seems as though we are looking at a great time to sell your property. We currently have more listings than we did last month, still the prices can be achievable, even more than $50,000. If you need some help selling your home quickly and for a good price, contact our office today.

Sellers are on the winning side

Prices in South Australia and Australia-wide have seen a continual rise since late 2019. In fact, research from CoreLogic reports that house prices increased by 25.8% compared to previous year. With mortgage rates still at all-time lows, more listings and price rise around every corner, sellers have become more confident about selling their property now rather than waiting it out until next year. Hence, we at Onyx will be busy getting homes listed as soon as possible to sell before prices go up even further.

List your property now!

If you are thinking about selling your property now, you may want to consider setting a realistic asking price of your home for sale. More real estate for sale means more potential buyers and a higher chance that your property will sell quickly. This way, you won’t be stuck with a home that doesn’t sell for months on end. Contact us today to get the best possible price for your property from real estate agent.

The Adelaide Property Market Is on Fire

You might be thinking it’s too late to sell property in Adelaide, but the data suggests otherwise. According to the latest report from the Real Estate Institute of South Australia, measures of buyer demand remain strong, especially when looking at total sales, turnover, and new listings. If you want to sell property in Adelaide, now may just be your best chance yet!

What are buyers looking for?

The biggest trend we’re seeing in the property market is buyers with specific price points, not just properties. This year, more than ever before, we’re seeing buyers who are looking for specific styles of property (for example, a modern kitchen or open plan living). Overwhelmingly (pun intended), buyers also want to find a property that meets their needs—or can be easily transformed into what they need it to be. Moreover, we can’t deny the fact that we are still seeing FOMO amongst the buyers. So, if the seller wants to get a great buck on their investment, this is the right time.

Adelaide market trends.

If you’re selling a property in Adelaide, now is clearly a great time to do so. But should you sell right now? Or should you hold off and wait for further gains? There are plenty of trends that indicate that sellers who get into it now will be able to sell quickly and profitably (including being prepared, knowing how to avoid common traps, and using cost-effective marketing tactics). Contact our sales partner to know the best value for your home.

Analysts predict it will continue its upward trajectory.

Recently, several analysts have noted that—despite concerns regarding an Australian property bubble—the Adelaide property market is still very strong. According to Prop Track Listings Report March 2022, new properties listed for sale on realestate.com.au in Feb were up 16.7%, which is 9 % higher than at the same time last year.

By looking at the market, I can certainly say, the property market will provide greater benefits for sellers as this is the right time to come into the market till the market gets mature.

More people than ever want to sell property in Adelaide Now

The reason more people are selling properties in Adelaide is that prices are achievable. The average house price has soared to $515,000 in 2022—almost double what it was just three years ago, meaning that, while selling conditions look set to remain strong. The sellers are getting more prices for their homes in Adelaide. As the Interest rates are likely to rise later this year, which may start to cool buyer appetite.

Investing in property can be extremely lucrative, but it’s also incredibly daunting to start with – there are so many things to consider, such as the type of investment you should make and whether your financial situation is suitable to deal with these sorts of decisions. But don’t worry, if you’re getting into the property market for the first time, this guide will walk you through all these considerations and more, so that you know what to do when you’re ready to go through with your investment in Adelaide property.

Where to Start

There are so many avenues and opportunities out there that it can be difficult to know where to start. So, we’ve prepared a little handy guide on what you should do if you’re thinking of getting into property investment and hope that it helps. But remember, there is no one right way.

How much can I afford? And how much will it cost me? A great place to start your planning process is by working out exactly how much money you have available for investments, as well as spending and lifestyle costs.

What Are Capital Gains Tax, Depreciation, Income Tax, and Division 7A?

While income tax generally refers to tax paid on an annual basis, capital gains tax (CGT) refers to any profit earned from selling your assets – including property. But what is CGT? And how does it work? In Australia, CGT applies once you have owned and used an asset for a minimum of 12 months. When you sell that asset at a higher price than when you purchased it, you pay tax. Before we begin discussing CGT in more detail, let’s first consider two other important terms: depreciation and Division 7A. Division 7A allows taxpayers who use the property as their business or trade to claim deductions for ‘expenses’ associated with owning or running that business or trade.

Should I Buy or Lease My Property?

When buying a property, there are three main ways of financing it. You can finance it through a loan from your bank (using savings or by taking out a mortgage), you can use the equity in other assets you own, or you can try and buy for less than what it’s worth – known as ‘buy low, sell high’. This third option is called equity sharing. Think of it as getting someone else to share any potential increases in property value with you.

Tips For Finding A Good Rental Home/Investment Property

Finding a good rental property takes a bit of time and patience. Once you know what kind of properties you’re looking for, it’s time to get looking for them! Set aside at least an hour or two every weekend to drive around your desired neighbourhood. If a house looks nice from the outside but doesn’t have any indoor amenities such as heating or air conditioning, don’t rent it!

Risks And Rewards of Investing in Real Estate

There are several risks involved when investing in real estate. The biggest one is simply location: Is it a good area for investment? It’s important to look at these risks and weigh them against your goals. Are you looking for something that will let you $5,000 a year (or more) on average? In that case, market risk won’t matter as much as you think—if it’s not a complete disaster.