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Adelaide has been experiencing a 1.3% increase in the quarterly sales prices for houses

By Rishabh Dhall2 years ago

By Rishabh Dhall

26th August, 2022

Australia is coming strapping with 17 out of 25 housing market basis comes strong.

Spring is at the corner, and surely it will be a good time for the property market and will contribute a genuine factor pointing towards a strong recovery this spring.

Amongst all capital, Adelaide has been showing very well in terms of property prices. Adelaide has continued to increase by 0.4% in August despite the RBA’s tightening of monetary policy.

Adelaide has been experiencing a 1.3% increase in the quarterly sales prices for houses and there would be more property coming up in the market as the Spring season hits. As per the current report, the new listing will reach its peak in November which will eventually bring more confidence in buyers and sellers to Adelaide real estate market as the advertising stock rises.

The rental market is coming strong with investors cashing up their chips and getting great rental yield in the current market and will experience more hikes in prices as the number of migrants increases.

It clearly shows there is minimal stock in the Adelaide property market which enables competition, but still outperforms compared to other states.

Many buyers are holding off and waiting to get a better deal in the market, but this would not be a great strategy.

If you’re a smart buyer and you’re ready to buy, why wouldn’t you buy now when there’s very little competition? If you can find the right property, go for it.

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