Learn about the most recent developments in the South Australian real estate market and take advantage of new chances. The South Australian real estate market is undergoing a surge of exciting trends that are providing both homeowners and investors with profitable options. Anyone hoping to effectively navigate this constantly-changing terrain must stay knowledgeable about the most recent trends, which range from shifting buyer preferences to changing market dynamics. To give you the information you need to make wise decisions, we will examine some of the most significant property market trends in South Australia in this article.

South Australia’s real estate market is humming with exciting new trends and offers a multitude of choices for homeowners and investors. For you to make wise choices and take advantage of the changing market, staying current on thƒhousing

ese trends is essential. In this post, we’ll provide five fascinating facts about South Australia’s rapidly changing real estate market to help you keep on top of the competition.

Current market trends in south Australia

Strong Demand in Metropolitan Areas: Property is in high demand, particularly in metropolitan regions like Adelaide. This trend has been influenced by elements including employment possibilities, leisure facilities, and infrastructure improvements.

Rise in Medium-Density Housing: There has been a move towards housing alternatives with a medium density, such as townhouses, duplexes, and flats. The demand for low-maintenance living and changing demographics are some of the trends driving this one.

New trends in south Australia 

Work-from-Home Features: Due to the COVID-19 epidemic, purchasers may give preference to homes with designated home offices or flexible floor plans that may suit remote work needs.

Outdoor Living Spaces: The demand for homes with well-designed outdoor living spaces, such as gardens, courtyards, and entertainment areas, may rise as a result of increased emphasis on lifestyle and welfare.

Success of real estate

Urban Revitalization: New Attention Paid to City Centres South Australia’s urban areas are being revitalized, luring investors and homebuyers looking for the convenience and energy of the city. City centers are changing as a result of redevelopment initiatives and infrastructure upgrades, opening up possibilities for new residential and commercial complexes.

Digital Transformation: South Australia’s real estate sector is embracing technology developments that are changing the way homes are bought and sold. For real estate listings and transactions, online platforms, virtual tours, and digital marketing have become essential tools.

We hope you are enjoying reading our article “New Property Market Trends in South Australia”.

Excellent property opportunity 

Investment Opportunities: Knowing the most recent developments in the real estate industry will help you spot new investment opportunities. You may make wise investment choices and increase your potential profits by being aware of the growth areas, the kinds of properties that are in demand, and buyer preferences.

Capitalizing on Market Shifts: Trends in the real estate market can reveal changes in buyer preferences, the state of the economy, and other variables that affect property values. You may put yourself in a position to benefit from these changes by remaining informed. For instance, you can invest in environmentally friendly residences that appeal to consumers who are concerned about the environment if there is a rising demand for eco-friendly homes.

Best place for real estate in Adelaide

Market Timing: By keeping an eye on Adelaide’s real estate market trends, you may strategically time your property transactions. Real estate markets cycle, so understanding current patterns can help you decide when to enter or leave the market. When the market is in a slump, for instance, purchasers may be able to negotiate favorable pricing or investors may be able to purchase houses for less money.

Pricing Insights: Understanding new property market trends in south australia offers insightful pricing information. When setting prices for selling or making offers for purchases, you can assess the general price trends in various neighborhoods and property kinds to help you make wise choices. This information gives you an advantage in negotiations and guarantees that your offers are competitive or that your asking prices are reasonable.

Benefits of a real estate agent 

Expert Knowledge: Real estate agents who are up to date on South Australia’s real estate market trends have specialized information that can be useful to their clients. They can offer insightful information about the state of the market, the value of real estate, and new business opportunities.

Accurate Pricing: Real estate professionals can effectively price properties by understanding the latest developments in the real estate industry. Agents can choose the best listing price for a property by looking at market indicators and comparable sales data. By doing this, retailers can be sure to draw in prospective customers while maximizing their return on investment.

Great opportunity for a House agent 

Accurate Pricing: House agents can price properties effectively by being aware of the latest developments in the real estate industry. Agents can choose the best listing price for a property by examining market information, comparable sales, and current demand. By doing this, retailers can be sure to draw in prospective customers while maximizing their return on investment.

Targeted Marketing: House agents who stay current on real estate market developments can create focused marketing campaigns. They can target the appropriate audience with their marketing strategies and highlight the special qualities and advantages of a property.

Excellent facilities for buying agent 

Rise in Demand: Property demand has steadily increased in South Australia, especially in major cities like Adelaide. The state draws both local and out-of-state purchasers with its high standard of living, accessible housing alternatives, and expanding economy.

Apartment Living: Flat living has become more popular as a result of causes including urbanisation, lifestyle preferences, and affordability. Apartments offer convenience, close proximity to facilities, and low-maintenance living, particularly in inner-city regions.

South Australia vs Victoria Market Trends 

Due to the COVID-19 epidemic, purchasers may give preference to homes with designated home offices or flexible floor plans that may suit remote work needs. The demand for homes with well-designed outdoor living spaces, such as gardens, courtyards, and entertainment areas, may rise as a result of increased emphasis on lifestyle and welfare. Due to its thriving culture, career prospects, and educational institutions, Melbourne, the capital of Victoria, has seen a great demand for real estate. City real estate prices have been driven up by this demand. In Victoria, especially in Melbourne, there has been a trend towards medium to high-density living as a result of population increase and urbanization. Townhouses and apartments are now common choices since they provide convenient and low-maintenance living.

Conclusion :

In conclusion, there have been several movements in the South Australian real estate market that could influence a buyer’s choice. While these patterns may change over time, some noteworthy elements include rising urban demand, the appeal of medium-density housing options, an emphasis on sustainable features, accessibility to homes in nearby regions, and beachfront properties. Additionally, consumers might place more value on work-from-home amenities and outdoor living areas, and community-focused developments might flourish. To make wise choices about property investments in South Australia, it’s critical to stay current on market information and speak with real estate experts.

Thank you for taking the time to read our article “New Property Market Trends in South Australia”. At Onyx Realtors, we strive to provide valuable and informative content to our readers. We appreciate your interest and look forward to serving you in the future.

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.

When it comes to buying and selling property, timing is everything. Adelaide’s property market has recently experienced a huge spike in listings, which means that the time may be right to sell your property or list one of your homes if you are planning on moving soon. These trends can help inform you about what’s going on in the property market and how you can take advantage of these opportunities to make sure that you get the most money possible for your property.

The local Adelaide real estate market is booming

Not only have home sales doubled over last year, but listings have spiked too. It seems everyone is ready to jump on board—or get a piece of that action! If you’re looking to invest in property, Adelaide real estate could be your next step. So, what do you need to know about getting started? 

There’s been a huge spike in property listings in Adelaide and prices are going up to the roof. This doesn’t mean that your home is worthless, but it may mean you should sell sooner rather than later. Our team at Onyx Realtors are experts at pricing properties correctly—we can help you decide what price point to list your home for and advise you of any necessary improvements to make it more attractive to buyers.

Improve Your Home Appeal

If you’re ready to put your home on the market, it makes sense to be a bit proactive about improving its appeal. Start by decluttering. You may be tempted to hold onto items because they’re special—but if your stuff doesn’t add value or meaning to your life, you should let it go. Clear off countertops and empty bookshelves; make sure storage areas are neat and organised and get rid of clutter wherever possible.

So How Do I Sell My Home Now?

If you live in Adelaide and are thinking about selling your home, then now is a great time to do so. The real estate market has seen a huge spike in property listings, which means now’s a great time to get top dollar for your home. Whether you’re considering selling or just want to know what current conditions are like for potential buyers, there are some things you should know about the Adelaide property market.

Sell your home Adelaide – this phrase can be seen everywhere in the media in the last few months. So why are so many property owners deciding to sell their homes? Are they afraid of the consequences of owning real estate after the changes to negative gearing and capital gains tax, or do they just want to finally cash out? And what about all these For Sale signs, do they mean that property values are falling or that the housing market is picking up? We look at some recent data, as well as some important factors you should consider when selling your home in Adelaide.

There are many reasons why people decide to sell their home

it’s too big, too small, they need to downsize or they’re simply tired of it. But what is causing more and more people to put their homes on the market in Adelaide right now? It could be one of three key factors. They could be selling up because… as the rise in the interest rate will impact negatively on some homeowners, the expected prices would be difficult to achieve. Slowly the market will turn from panic buying to panic selling.

The property market in Adelaide

The property market in Adelaide has seen a significant boom in sales activity. This is due to various factors including low interest rates, population growth, and high employment, which have increased buyer confidence. Real estate prices in Adelaide have climbed up and views per listing have increased by a whopping 58 per cent, making it one of Australia’s strongest capital cities for price growth.

A motivated seller and buyer can save thousands on a property transaction

Though you may think that a motivated seller and buyer will be bidding against each other they can help each other out by improving their offers. There is no perfect time to sell your property. You can put it on sale now or next year; people need a place to live now, regardless of seasonality.

What are you waiting for, move quickly to take advantage of all the great deals available now?

If you have been thinking about selling your home, now is a great time to do it. Why? Well, it’s always a good time to sell if you have an active buyer market such as Adelaide. At present, there are over 400 buyers registered on our platform and we expect those numbers to keep growing. That means hundreds of potential buyers waiting for homes for sale in Adelaide – just like yours!

Adelaide property market sees more homes on the market.
A new report shows Adelaide property market sees more homes on the market. The number of listings has risen whopping 34.21 per cent gain. This might indicate that selling your house in Adelaide may be easier than ever before and this is nothing like we have seen before. What do you think about this? Do you think it means more people are selling their houses to buy new ones? Do you think it means more people are selling their houses to move interstate or overseas?
The total volume of sales this quarter approached 8,000 which is an extraordinary result for South Australia.

What’s happening in the Adelaide housing market?

According to the report, number of new properties listed for sale on realestate.com.au were up 49.4 per cent, month on month, in January 2022, which is above average in recent years. There’s a lot of demand for properties under $1 million – we’re seeing first home buyers back in the game, looking at those entry-level properties close to jobs and schools.

What does this mean for sellers?

With no lockdowns on the immediate horizon, selling conditions are likely to remain strong over the next few months. The increase in listings can be attributed to the fact that homeowners are very keen to sell given the price growth.

Why are we seeing an increase?

The Adelaide property market is seeing an increase in sales due to a number of reasons. First, there are a lot of interstate buyers who have already purchased and relocated, and they’re coming back to Adelaide to purchase another home as an investment while they live at their overseas residence. As per the realestate.com.au, House-hunters across Adelaide had more options in January this year compared to last with an increase of 10.2%. The local house prices are increasing and pushing the boundaries but people are still interested and that’s a really amazing news in terms of economic development and future planning.

Should you buy that investment property this year?

There’s never a bad time to buy real estate. The question is whether now a good time for you is. Historically, property in Adelaide has always had its ups and downs, but if growth over long periods of time continues, we also see increase in price for rental property in Adelaide – there’s no reason why 2022 should be any different. It’s also worth noting that Adelaide property prices have been growing strongly.

What are experts saying about the property market?

The property market can be a fickle thing, but there are Adelaide house prices trends that will continue in 2022. Adelaide is growing in popularity, with several projects underway to bolster both residential development and employment opportunities, houses for sales Adelaide will increase this year. If you’re thinking about selling your home, now might be an opportune time! But what does all that mean for property prices in Adelaide?

Will it be a buyer’s market in 2022?

Remember property prices are cyclical, meaning they’re likely to be very different in 2022. But just because there will be a lot of buyers for sellers’ houses doesn’t mean it will be a buyer’s market. It is still reasonable time in Australian housing market that the houses for sale Adelaide will touch its peak before it becomes stagnant next year. Effectively this is time to align your real estate goals that step into the market.

Will house prices drop in Adelaide in 2022?

For anyone that wants to get into real estate, one of their first questions will be, When is a good time to buy. The simple answer is: There’s never really a bad time to invest in property, but there are better times than others. yes, there will be a slight drop in the Adelaide real estate market in 2022. As per the major banks, the house prices in Adelaide are tipped to rise by 6% for 2022. So, nothing to be worried about the price will remain at its peak but there could be a decline in the growth.

Is Adelaide a good place to invest?

The state of South Australia is becoming an increasingly desirable place for investors. With increasing employment opportunities and stronger economic growth, Adelaide property prices are expected to rise over the next few years. However, if you’re considering investing in Adelaide real estate or buying property there, here are some suburbs you should consider.

What is the nicest suburb in Adelaide?

The third most liveable city is Adelaide, Australia in the world, and everyone should at least visit once. It’s beautiful, clean and they have an amazing waterfront district called Victoria square with great restaurants and bars. One of my favourite things about Adelaide is how nice all their suburbs are, which made me wonder:

There are a few of them:

North Adelaide, Henley Beach, Glenelg, Prospect, Bowden.

Is the Australian housing market going to crash in 2022?

It is all but certain that another housing bubble will burst. The only question is when. However, by knowing some of its tell-tale signs, you may be able to brace yourself for what’s coming and protect your assets. As per the big banks like CBA predicting the stagnant growth in the house prices in 2022 before it drops in 2023 by 10%.

So, the Adelaide property market is red hot right now. So, if you are looking to sell, this is the time to get the right opportunity in this opportunistic market.

But where did this boom come from? What made Adelaide the place to be? How will life be in 2022 for those living in Adelaide? Let’s look at this city’s housing market and what makes it so appealing that more and more people keep flocking to the city every year.

What should you do if you have a home on the market right now?

The best thing you can do if you have a home on the market right now is to ensure that it stands out from other homes in your neighbourhood. That’s where we come in. We are experts at selling homes quickly and we have helped plenty of customers sell their homes fast in Adelaide. Call us today for more information on how we can get your home sold!

Should you rent or sell?

Make an informed decision with a home market update. Our latest Suburb Report covers your suburb and gives you key information on how many homes sold there in 2021 and how much they sold for. It also examines broader trends in Adelaide’s property market. This gives you invaluable data so you can make better decisions when it comes to selling or renting your property. We reveal areas that are experiencing growth and decline, allowing you to see whether buying or renting would be best for your investment goals.

Get Home Expected value without any wait: m.me/onyxrealtors

Where should you live?

This question can be tricky because it’s very specific to you and your needs. Factors like commute time, proximity to family or friends, safety and convenience should all factor into your decision. No two markets are exactly alike—looking at rental rates will give you a good idea of how tight supply is in your neighbourhood compared to others.

How your real estate agent makes difference?

If you’re looking to purchase or sell a property in Adelaide during the next decade, it’s important to work with a real estate agent who has experience and knowledge of long-term trends. For example, if you want to buy now with an eye on moving up in ten years – one strategy for creating wealth – your real estate agent can help you identify properties likely to appreciate significantly over time.

As we can see the market is slowing down, but the growth rate is still above average.

We would also see what affects the market and why the market is slowing down at the pace of growth.

1. Over the recent months, we have seen that the market is losing its strength on the factors that have been doing great in increasing the housing value.
2. Fixed mortgage rates are going up, and the higher listing is taking some urgency away from the buyers.
3. Surely, credits are less available, and affordability has become a concern and a more substantial barrier to entry.

There is no denying that the stock level is rising at a faster rate, and buyers are also getting confidence towards the purchasing of the property.

We will see more listing coming on the way and continue to rise, which would eventually slow down the capital growth.

The prices which were touching the roof have finally triggered alarm to many financial institutions like RBA, CBA, and ANZ.  We can expect more constraints which will stabilize the market and will prevent financial threats.

Now the question is How much could borrowers save on their home loans when interest rates rise by making extra repayments now?

To learn more about this, attached is the case study, that will give you an idea of the same.

https://bit.ly/3GJQMR5

Adelaide real estate continue to be a momentous consideration for many homebuyers and investors looking to buy houses in Adelaide.

This is the time to take advantage as you will not find the same market moving forward in the new year.

High rental yield and strong capital growth is what is dragging potential buyers and investors to put their bucks on Adelaide real estate market.

But as we move forward, we can expect the affordability constraints will start to bite. Especially with the First Home Buyers.

According to ANZ, “the double-digit gains in house prices over the past year won’t be repeated in 2022, with recent weakness in housing finance suggesting price growth will continue to ease over coming months after peaking in March.

Home loan interest rates in Adelaide is currently at 0.1 % and it’s expected that the RBA “hold” this until the first half of 2023.

However, fixed interest rates are already rising.

A faster than expected rise in the interest rates will increases the risk and the prices slow more than we currently expect.

For example, you submit for a home loan with an interest rate of 2.5 %, the bank will assess if you can able to make repayments if the interest rate rises to 5.5 % rather than the previous serviceability notion of 5 %.

So, the home loan borrowing power for the average borrower will reduce by around 5 %.

You can only buy property once, mistakes will cost you a lot, even can change the pattern of the monetary path you are already on, you can end paying for one single mistake for many years to come. So, you must look at your affordability and align your goals accordingly

House prices have become so unaffordable that more and more first home buyers

are being locked out of the market.

The dream of many Aussies is gradually going out of reach because of sky-high property prices.

Huge thanks to Daniel for shedding some of his expertise and knowledge and providing us an outlook in our last episode of What expert thinks- if you missed out check the link : https://fb.watch/9iJS-1nKJX/

Earlier this year, low-interest rates, the fear of missing out (FOMO) accompanied by low supply drove prices in every Australian capital city to an extent which we haven’t seen in the past 8 years.

According to Reserve Bank of Australia Governor, “Philip Lowe on Tuesday ruled out an increase in mortgage interest rates in 2021 but opened the door for a hike sooner than the timeline it had set of not before 2024”.

I would say a few things will change the outlook of the real estate market in Adelaide and will bring the positive aspect toward the property sales in Adelaide.

1) Opening of the borders.

2) Return of immigrants may provide a source of support at some point,

Combining these factors with the subtle tightening of credit assessments set for

November 1, we can see that the prices will get stabilise as the market moves forward and getting the ‘dream’ property for First Home Buyers will be achievable.

Now, few sellers are holding off on listing their property for sale as they are scared that it would be difficult for them to move to the next one as the supply in the current real estate market is very low.

As the market gets balanced out in the coming months, we could expect more sellers will feel confident in listing their homes for sale.

It’s very simple – More listings mean more choices for buyers and less stress on their purchasing decisions.

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Let’s explore the current real estate ambiance and what could be the pros and cons of waiting versus selling now and what the real estate market will provide us till the first quarter of 2022.

For sure affordability is a big one. Many buyers have faced this year’s double-digit gains.

It’s expected that the Fear Of Missing Out (FOMO) seen in 2021 will be cooled off by prices reaching unattainable levels.

Let’s address some question which has been unanswered for a while.

What do you think about the current real estate market in Adelaide? and what could be the scope of property market for the year 2020?

I feel that the market is very hot now with some buyers being priced out of the market. Good time to sell and a hard time to buy. I could see trends of property prices increasing in 2022– however, as of today, the 1st of October lenders are increasing their sensitivity rate which for the consumer sees borrowing capacities reduce. Fixed rates have also been increased with some of the major lenders – which could indicate perhaps the property market easing up a bit.

What challenges do buyers face in real estate transactions nowadays?

In today’s market, we are seeing more and more clients wanting pre-approvals. This is due to a lot of properties going to auction now. In a market as hot as it is currently, we can on occasion see an issue with a client purchasing a property over and above the bank’s valuation figure and needing to come up with extra funds at short notice to ensure the purchase goes through, and they don’t lose their deposit!

What could be the possible reason that can hinder the chances of home Loan pre-approval?

Getting the right advice is key to getting approval – Organise a pre-approval, understand fixed and variable interest rates and how they can work to your advantage, deposit requirements, and borrowing capacity. It is important that whoever is assisting with your lending requirements understands your goals to give you the right advice.

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It is not new that Adelaide is coming up with a very strong presence over the past year and still seeing strong demand for large family homes.

Because of the strong demand amongst the buyers showing popularity in the northern suburb with current houses for sales in Adelaide depicting relatively affordable housing prices.

We’ve also noticed an increase in activity in our Onyx Exclusive hub, which provides registered members with VIP access to properties before they hit the open market. And these properties you would not find anywhere else in the market including realestate.com.au, soon more opportunities are coming up in the way so stay tuned.

The shortage of good properties on the market is seeing properties selling quickly with minimal discounting.

Join Onyx Exclusive Hub Now: https://onyxrealtors.com.au/sell/onyx-exclusive-hub/

We have also introduced a best-in-class system that will enable you to know your home expected value in just a second.

Simply, send us a message with your suburb name or scan anywhere you find us signboard in your neighbourhood. And get access to all the information you would require knowing your home expected value, so without any wait ‘let’s get started’.

Access Your Home Expected Value Now: https://bit.ly/3jnWlvF

Overall, such a high level of profitability may start to encourage vendor participation and increase their confidence.

Property value in the Adelaide property market has climbed almost 20% in the past year. Crazy demand and limited stock are the only factors making the prices in the Adelaide property market to the roof.
Having 1.9% growth just in September with the median price of $529,376, we can certainly say that price is unstoppable in every region of South Australia, especially in Adelaide metropolitan.

We can say the growth has been very consistent over the past six months.

It was surely evident in March, where the national property prices increased almost as close to 2.8%, from there the growth condition were positive.

Having an increased price in the home dwelling will soothing the seller side of the market but this rise is affecting some segments of the market, especially first home buyers due to the low level of existing stock which is not enough for hungry buyers. This increase in house value faster than the household income has become more challenging for the market.

As the competition level in the market is already getting heated up and the property available for sales is limited but the increasing demand from interstate is keeping the market red hot.

Normally what happens is people come here, do their education, and then move over overseas, but now they have no plan to move as they want to stay over here, want to enjoy all the benefits and commendable efforts towards COVID-19 situation in this third most liveable city in the world.

Nowadays, properties that were making $550,000 are making $620,000. And the properties that were made between 1.3m and 1.5m are now making 1.7m to 1.9m.

By looking at the overall conditions I truly say this will be the best summer ever.