Adelaide’s hot property market is going in a different direction altogether.

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Adelaide’s hot property market is going in a different direction altogether.

By Rishabh Dhall

5th August, 2022

Australian real estate: There could be a drop in house prices in Australia by 15% in the next 18 months, but Adelaide’s hot property market is going in a different direction altogether.

As we know winter for the real estate market is a slow period where activity usually shifts to a lower gear. But this is not the case in Adelaide as per the report there is a 1.2 % increase in listing as compared to the same time last year.

More new listings are hitting the market but for prospective buyers, the conditions remain tough.

Now RBA has lifted the cash rate by another 50 basis points making 1.85%. Now the bank is predicting a series of 25 basis points over the next quarter rounding off to 2.10% by the end of this year.

As we are seeing many buyers from interstate and investors are more inclined towards the Adelaide market to take advantage of the current market conditions before it gets tough.

Now when you are thinking of selling, you must be thinking about what buyers look for, and I have so much to say about this as I have meeting lots of prospective buyers during the open house. So, let’s address those.

We should not avoid the fact that Adelaide’s house prices are catching up with Sydney and Melbourne, even when the Median price of Adelaide is still lower compared to big cities.
Resulting in more buyers lured towards the Adelaide housing market for affordability and ease in cost of living.

This is the best time for buyers to not be complacent and continue their search for their dream home.

Surely, homebuyers were now keen on saving rather than splurging. 

  1. Buyers are looking for houses that offered a guaranteed rental income, like DHA and NDIS scheme offers.

  2. The rising cost of living and increase in interest rates seems to have got buyers leaning towards ‘duplex’ or semi-detached homes with a preference for the ‘ground floor.

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Prices are going down; it sounds amazing, right?

By Rishabh Dhall

8th July, 2022

Prices are going down; it sounds amazing, right?
And for the people who are looking to enter the market, it will be dream come true situation but behind this plunging price, there are hidden certainties that could bite many Australians.

Right now, this turning point of the market, where interest rates are rising, making mortgage repayments more expensive.

As per the current situation, you could expect a $230 addon to your monthly repayment on the loan of $800K.

Now, for first home buyers,

It will be a hard decision by looking at the current dynamics of the market and it will be a trade-off between lower prices but increasing mortgage costs compared to likely further rises in the cost of renting.

Another Shocking card has been dropped by RBA, bringing the official cash rate target to 1.35 percent. There could be more fall in Adelaide house prices as the interest rate rises.

I think, by October and November come around, people will get used to the market situations and that will be the new norm.

Now, let’s talk about how you can benefit from selling your property for a good price?

It comes down to displaying it in an “immaculate condition” and having a successful marketing strategy.

If you present your property well, have the right real estate agent with you and are all ready to sell, it will still sell at the best price you are looking forward to.

Seriously, you need to see the market and step in. The person who is ready to offer 900K now might be able to pay 800K in a month. So, you know where we are going now.

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RBA’s 1.35% cash rate increase: what does it mean for Adelaide’s real estate market?

By Rishabh Dhall

5th July, 2022

If you’re wondering how the 1.35% cash rate increase by the Reserve Bank of Australia (RBA) will affect Adelaide’s real estate market, then look no further than this article! With so many changes to the property market, it’s hard to know what they mean and where you should be putting your money when it comes to buying real estate in Adelaide.

The latest interest rate change

According to reports, the CommBank has predicted that house prices will drop by 15 percent over the next 18 months. This unexpected rise has shaken the market and buyers’ dream to own their desired home would get hit as far as a mortgage payment is concerned. There’s no doubt that an RBA interest rate change will have a large effect on Adelaide’s property market.

Changes to your mortgage repayments, if you are at the current loan repayment stage

The other point worth bearing in mind is that while the changes are designed to make people think more carefully about getting into debt. This sudden rate rise will no doubt add $146 a month on a loan of 500,000 respectively $293 a month on a loan worth $1 million. 

Let’s Think?

If the buyers sit and cherry-picked the market and delay their decisions, it will be repassed by the bank again, now the chances would be less to borrow more money again. Now before more interest rates & inflation kick in, eventually decreasing your chances to borrow & spending potential. If you can afford to wait, you can go ahead with the decision but if something comes up and suits your desire, buy it straight away.

Let’s face it
Buying or selling under pressure conditions means you will not be having time to make smart decisions. It would be better to buy or sell the house now!

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Unstoppable Adelaide Property Boom, seriously!

By Rishabh Dhall

3rd June, 2022

It’s no secret that the property market in Adelaide, South Australia has seen some pretty dramatic price increases over the last few years, and there are plenty of people who think this trend won’t continue. could be! The latest real estate figures show that property prices in Adelaide are still going up and are likely to go up even further. If you’re interested in taking advantage of this unstoppable property boom in Adelaide, now’s your chance to find out more about how you can best take advantage of it!

Why are we in boom times?

In one word, Competition. According to CoreLogic data, Adelaide’s property price rose by 1.8 percent in May to a median price of $628,744. And I am pretty sure that Adelaide will continue to be the strongest market.
We have seen a huge shift from the 2021 Adelaide property market. This follows expectations of sharply higher interest rates in 2022, which will eventually make it difficult to buy a property at the existing prices. But looking at the market, there is a continuation of the house price boom in Adelaide.

Aussie buyers hit again!

Buyers are extremely active and still looking for their desired home to put money upfront, moreover, the federal Labor Government has proposed an opportunity for buyers under the ‘Help to Buy scheme‘ which will be launching in July – helping many more South Australians to purchase their first home with as low as 2% deposit with 60% as the source of finance and 40% co-funded by government, opened 10,000 spots for the buyers to get into homeownership.

Probably it will release some tension among the buyers and make it affordable to purchase houses in Adelaide.

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Will Adelaide’s Property Prices Take a U-Turn?

By Rishabh Dhall

20th May, 2022

Property values in the South Australian capital of Adelaide are rising quickly, while this news would make any property owner’s heart skip a beat, it also raises questions about how long these price rises will continue.  Nationally Adelaide is leading in property prices. Now the question is will Adelaide’s property prices take a U-turn?

What does the future hold for property prices in Adelaide?

For now, there has been speculation about an impending cooling in Adelaide’s property market. New data from ANZ Bank indicates that values have risen by 1.9 percent over the month of April. What we can see, although prices remain high when compared to 12 months ago but the market is loosing its growth momentum. What we can see now buyers in the Adelaide property market are taking cautious steps and taking time to buy an ultimate desirable home in South Australia.

Should you still buy now while interest rates are low (and will it go up eventually)?

The Reserve Bank’s decision to increase the cash rate by 0.25 percent earlier in May was met with great anticipation of its effect on property prices. ANZ’s predicted 11 percent decline by the end of next year caused many people to reconsider whether now is still the right time to buy into an already expensive market – even with interest rates at their lowest levels ever and expected to rise “sometime soon”. If you look at the Adelaide property market, there is something else about it. Property value in Adelaide and Houses for sale in Adelaide are rising and at the same time, rental properties in Adelaide are under a microscope.

Conclusion. Maybe I shouldn't buy after all... yet... but here's why I still think it could be worth taking the plunge.

By looking at the figures, the rise in interest rates could have detrimental effects on the housing market. I’m not saying it’s going to crash, but market will go under correction phase. 

For now, if you’re looking to sell your home in 2022 or 2023, you still have a chance to secure good profits as the buyers in the market are still actively looking and ready to put their offers. Overall, prices still seem like they could be rising—the big question is when and how long will these rises last?

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Truly Unprecedented: Adelaide’s House Price Boom Shows No Signs of Slowing, but a Rate Hike Could Shock the Market

By Rishabh Dhall

6th May, 2022

How long will this truly unprecedented house price boom last? With interest rates starting to show their true colours, many South Australian are wondering will it be a positive outlook for the Australian property market. It could be a shock that the Adelaide housing market can see downtime in terms of affordability.

Key takeaways...

While recent RBA decisions to increase interest rates haven’t caused property prices to fall across Australia (yet), experts are saying that we could be approaching an inflection point where mortgage rates might make property ownership too expensive for many Australians. In South Australia, these concerns seem particularly relevant—with mortgage rates currently at their lowest level in decades. Potential buyers should keep an eye on rate increases and factor any potential changes into their decision-making process.

The basics....

If you’re thinking about selling your house, now may be a good time to do it. Real estate in Adelaide has been going through an unprecedented boom—but any bubble can burst. If you’re expecting to sell your house at significantly more than you bought it take advantage of the situation now.

What does this mean for buyers?

While increasing sales are good news for sellers, it could mean that buyers will have to wait in long lines for popular properties. Adelaide property market prices continue to skyrocket despite lending standards becoming tougher in recent years. Recent months have seen vendors commanding high asking prices and achieving quick sales which may be contributing to increased levels of competition between buyers.

Adelaide Real Estate Market- Is It Going in The Right Direction?

Adelaide Real Estate Market- Is It Going in The Right Direction?

By Rishabh Dhall

26th April, 2022

 

Adelaide property market has experienced record levels of demand in March as view per listing went up by 2.9 % MoM changes and 64.6 % higher than this same period last year.

Should I sell my house now?

Why wouldn’t you? Adelaide property prices are on an upswing, interest rates are still low and hopefully, it won’t increase drastically, and there’s little supply of property on Adelaide’s market. Additionally, it looks like there’s already a lot of interest from buyers in South Australia; last month we have seen more than 1250 people looking for houses so, definitely worth selling!

Demand for property in Adelaide hits record high

We have seen huge traffic on our onyxrealtors.com.au, according to recent media reports, property markets in Adelaide are moving at a blistering pace. Property experts warn that while activity and prices in Adelaide have been driven by underlying economic drivers, they expect prices to continue to rise as a further increase in interest rate will put pressure on households’ purchasing power.

Will house prices drop in Adelaide?

Like most things in life, prices tend to fluctuate— and that’s exactly what we’re seeing right now. Australia is in a property market rise at present, as RBA hints at an interest rate hike being brought forward which means property prices are expecting prices to drop. A lot of people are concerned about buying property in Adelaide, especially if they have high mortgages. But looking at the current market there is no stopping – The rising house prices have not deterred house hunters with properties continuing to sell fast.

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Adelaide House Price May Have a Slight Dip

Adelaide House Price May Have a Slight Dip

By Rishabh Dhall

8th April, 2022

South Australia home sellers may be in for some good news, as the latest sources, predicts that house prices in the state are set to decrease slightly. As this will make a great time to list your property. Listing your home on the market before this price dip can help you maximize its value and your selling power during an already vibrant time of year for real estate sales in South Australia.

Think again!

Are we seeing a downward trend?

Adelaide property prices have been on an upward trend for the past couple of years, but it looks like they’re starting to level off. It seems that these prices will slightly go down as the RBA kicks the interest rate. Adelaide is fast becoming one of Australia’s most desirable capital cities, recording the fifth-highest increase in house price values in 2021.

Sellers in Adelaide are taking advantage of peak conditions resulting in more properties listed for sale making it almost 50 % MoM in January.

Ways to make your property more attractive for potential buyers

Be vigilant about making improvements to your property. As mentioned in our previous post on selling your home, minor improvements can help you sell your property for more money. contact one of our agents at Onyx Realtors to know an effective campaign for selling your home. Click Here.

Home Valuation Report – why is it important?

Having your property valued accurately is one of the most important things you can do when selling your home. We will provide you with an independent, unbiased report that is tailored to your needs and specific home. Call us on 08 8293 8888 to learn more about our services or get an instant free home expected value for your property: m.me/onyxrealtors

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Strong Selling Adelaide Real Estate Market

Strong Selling Adelaide Real Estate Market

By Rishabh Dhall

1st April, 2022

If you live in South Australia and are looking to sell your home, you’re likely wondering if this is the right time to do so. If so, you’re not alone; many homeowners in the area have asked themselves this question over the past several months, which has proven to be some of the strongest on record for real estate sales in Adelaide. Luckily, recent trends indicate that now will be the right time to sell your house in Adelaide or elsewhere in South Australia if you’re looking to take advantage of today’s market conditions and sell quickly, have a chat with our sales partner today: Book An Appraisal

Is it a good time to buy a property in South Australia?

There’s no doubt that Adelaide’s property market is one of the best performing in Australia right now. According to the RP data report, South Australia has seen its median house price increase by 21.2 % over the last year. The number of people investing in new properties is growing steadily as more investors are drawn to our capital city from all around Australia and from offshore. So, there is no doubt that selling your property in Adelaide right now will be the best decision you will make.

Advantages of Selling Your Home When It Is in Peak Condition

Of course, sellers want to get as much money as possible for their homes. When it comes to selling a house, timing is everything. Selling during peak season means you will likely sell your property faster and for more money than if you waited until next year or down the road. A smart seller will know when his or her property is in peak condition before offering it up for sale. When Is Peak Season in South Australia?

Hiring the right agent to sell your house will make all the difference

If you’re thinking about selling your house, it’s crucial to make sure you have an agent who knows how to sell your property. Hiring a real estate agent is similar to hiring an accountant—you want someone who understands exactly what you can achieve out of your property. The right agent will tell you the right way to sell your property by delivering the right marketing campaign, amazing sales tactics which will eventually fetch you a top dollar figure for your home.
See how we do it….

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.

Adelaide property market update: Measures of buyer demand remain strong.

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.

How to kick start your property investment journey in Adelaide?

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.

Adelaide Property Market Update: Huge Spike in Listings

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.

Sellers are making buzz in real estate market in Adelaide

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!

More number of homes listed for sale in Adelaide Property market 2022

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.

So, you’re considering selling your house and want to know the best time to do it?

How do you choose the best time to sell your house? How do you predict the property market? Should I sell my house now or wait? Who are the property experts in Adelaide? These are just some of the questions you might be asking if you’re considering selling your home and want to know how to make the best decision possible.

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.

Adelaide housing market update: How do I know if it’s a good time to buy property in Adelaide?

If you’re looking to buy real estate in Adelaide and wondering whether it’s a good time to do so, the answer is yes!

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.

Adelaide housing market update: In 2022, Adelaide is booming

Adelaide has undergone massive growth in the previous decade, with real estate prices skyrocketing and capital invested in all kinds of infrastructure to help facilitate this boom.

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.

Prices continue to rise through the first half of 2022 but at a slow pace.

Expected property price growth to moderate in the first half of next year, but 2023 would see a drop and the house prices would drop by 10 percent over 2023 as the RBA takes the cash rate to 1.25 by the third quarter of that year. The current official cash rate is 0.10 percent.

CBA’s head of Australian economics

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

Vendors are seen as the biggest winners in the Adelaide real estate market.

Adelaide has shown the record-breaking median house price with 13.82% YoY and about 3.7% increase from the previous quarter.

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

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

House prices have become so unaffordable that more and more first home buyers are being locked out of the market.

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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2021 Has Delivered Unbelievable Growth Across Australian Real Estate Market

That made me think….

 Is it the right time to take advantage of current selling conditions so that you can move into the next phase of your life?

 Or should you wait and see if prices continue to increase?

 That leads to another question….

 Will it be more expensive to purchase your next property?

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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Adelaide’s property market is among the country’s most profitable capitals.

Latest Pain and Gain report, “94.6 percent recorded in the June quarter sold for more than their previous sale price, totalling $1.08 billion in profit”.


CoreLogic

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.

Adelaide Property Market growth has been very consistent over the past six months.

As vaccines are on the move and thresholds are reaching, we can hear more about the re-opening of the international borders from the next month.

We can also see the opportunity that our real estate market in Adelaide is providing with driving at a faster annual pace since 1989.

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.

Short real estate campaigns, slow supply, and interstate interest are keeping real estate prices up in Adelaide.

Property sales across South Australia in the past year are up almost 40 % on the previous year despite severely low listings.

2/3rd of Adelaide properties is already growing more than 10 percent this year as the spices are continues to spike despite the low on listing.

Australia property market rose to 18.4% in the August, by looking at this figure we can say, this is the highest annual appreciation since July 1989.

Multiple reasons show the sales has jumped despite the numbers of listing in the market remains low.

  • Investor who has the property for a long period of time, are thinking to sell instead of continuing to invest.
  • People who were thinking of selling this year or in the 2022, they are also active and looking for the right opportunity in short are playing around.
  • Then you get maximum number of people saying, “hey! If I get the right price for the property, I will sell it”.

In short, it is very simple to understand, there are properties lying dormant in the market and are not coming out to feed the hunger od the buyers.

According to CoreLogic, “Since then credit policies have loosened and mortgage rates have reduced to record lows, encouraging more Australians to participate in the housing market”.

“For now, few people are losing out because of skyrocketing prices in virtually every part of the country. Younger Australians are facing conditions that “make it harder to enter into the housing market”. He added.

Would encourage sellers to be in the market as this is the right time to take advantage and feed the hunger of buyers. Get the maximum out of your assets and align your future needs.

Spring will be the perfect injection to cure Adelaide’s hot property market

Supply boost in Adelaide will be a huge relief for the hot property market this spring season.

According to CoreLogic figures, “released last week show the median house price in Australia increased by 18.4 percent in the 12 months to September 1, the fastest pace of growth since 1989”.

The hunger for the property in Adelaide is not holding up back as we can see 1 in 10 homes are coming as a new listing which is a growing concern for the Adelaide property market.

Normally, the spring season is the best for the vendors to come into the market to enjoy the benefits of the seller’s market. Hopefully, we will experience the same volumes of listing coming up this spring 2021.

Not only it will bring more joy among buyers and agents, but it will also reduce the affordability concern by injecting the right number of properties in the Adelaide property market.

living room - onyx realtors

The three indicators that buyers should be looking this spring season are:

1) Price

They should know about how the prices are moving and fetch the right time moment to get your own home. Get ready with your mortgage capacity and timing the market is very important.

2) Listing

A very important indicator to understand as is how much stock is available in the market and what listing to choose on and should be smart enough to beat the competitions.

3) Days on site

Be actively present in the market and look at how quickly is the market is moving i.e., buying and selling. This will give you a good indication and the level of competition in the market.

There could be a Burst of activity this spring season as the vendor will gain confidence by looking at the current situation of the market.

What’s Causing the Rising Home Prices?

1. Continuing low mortgage rates

2. Economic recovery

3. Optimism, fear of missing out, euphoria

4. Australia’s excellent response to Covid 19 transmission

5. Business reopening well, increasing optimism for the economy

6. Fewer homes for sale

7. First-time home buyers were coming back.

Adelaide property values continued to climb in August

CoreLogic’s latest home value index shows Adelaide dwelling values rose 1.9 percent in August to a median of $522,180 – slightly up on the 1.7 percent recorded in July.

What we can see right now is the strong demand continues to rise prices up and excellent management by the state government to tackle Covid-19 is increasing the confidence among the homeowners to sell their home.

As the employment levels are leveling up and interest rates remain low, this is still fuelling the demand.

We have been asking homeowners is the right time to come into the market? as they can see the market is strong and demand is also surging up.

Last weekend we had 80 registered buyers for our property, we have already secured offers and working on it.

We can certainly say that the prices in Adelaide will continue to increase during the spring season as more and more properties hit the market.

An increase in August takes Adelaide property values 12.8 percent higher than the last eight months of 2021 and 17.9 above as compare to the same time last year.

Property in Adelaide has traditionally lower than the larger capitals, due to recent changes in the property prices and injection of government stimulus packages has increased the interest by interstate and outside investors, including those in the COVID-19, ravaged eastern states.

According to Tim Lawless, “said the slowing rate of growth likely had more to do with worsening affordability constraints than ongoing lockdowns in many states”.

During the open, I have experienced so many buyers, who cannot put their interest in the properties as the property’s prices are going out of their hands and few are active since the start of 2021 but still couldn’t be able to get their home.

South Australia property outlook for the rest of 2021 and beyond?

Australia is facing several lockdowns, even our real estate market is also experiencing the same and this is the common question that everyone is asking.


We are determined to bring the latest real estate news to Adelaide.

Are the property prices rising in Australia?

However, the property prices have no intention to slow down despite the sequence of lockdowns.

Australia is facing double-digit growth this year, even the growth rate of property prices is slowing, but property prices are kept on rising in almost every state around the country. But now it is showing ease in momentum since peaking march.

Due to uncertainty of the effect of lockdown, the sellers are holding back their properties and hesitant to put their property in the market for sale despite the strong selling conditions.

Here’s what Westpac believes will happen to property values.

Here as you can see, they are predicting a rise of 12 to 14 % this year and it will reduce to 6-8% in the following years as the housing market will get oversupply due to closed borders and stagnant population growth. And that would be a thew time where sellers have no choice rather than reduce the selling price as the market will enter buyer’s market.

What is the property market doing in Adelaide?

If you see the best performing market in Adelaide, the top tier 25% of the market enjoys a 6.8% increase in the home values, and the middle 50% enjoy 4.8% and the lowest 25% enjoy a 3.5% rise in home value.

According to Chief Australia economist for BIS Oxford Economics Dr. Hunter said, “Households have built-up significant excess savings, and the preference towards detached houses has continued. Coupled with this, the supply of properties to the market remains relatively low, resulting in demand outstripping supply.”

Because of the increase in the price and going beyond the reach, many of the first home buyers are facing affordability and losing up in the market.

Why it’s a good time to buy a property despite huge price increases?

Adelaide housing values were up 1.7% in July taking the annual growth rate to 15.7%.

House prices are at the peak with the highest number of home sales since 2002, keeping demand at the highest level and advertise supply at record low levels.

If we consider the five years average, the active number of listings is still at 34% at the end of July, depicting a severe shortage of supply that is putting pressure on the market by increasing the prices of the property.

The main questions, which has been prevailing in the market.

Is it a good time to purchase property despite the huge price increase?

According to Mr. Edge, “Many people are feeling desperate as property prices continue to soar – but getting into the market is still possible.

it is a seller’s market now, and this made it harder for investors to find the right type of property, while homebuyers were faced with having to pay more. people can still find a property if they know their budget and understand what the market is doing.

But we call it an opportunistic market – as this is the time to align your needs and sit with the professional. People need to capitalize on the market for their benefit. The market is hot and strong, so this is the right time to act.

The boom in the prices might stop, it will not go backward.

“While people often sat on the sidelines in anticipation of a property crash, Mr. Edge said this had not ever happened in Australia’s history and people were not going to find prices 20 percent lower next year”. He added.

The reason why prices are still touching the roof is that people have the holding capacity through their saving which they had for their vacations, as they can’t go now so, real estate is the best option to invest in.

If someone has sorted out their finances, this is the time to take advantage of the tide.

According to APRA, “would intervene and ask banks to cap their lending unless investors made up 30 percent. This is one reason why he believes prices will continue to increase soon”.

What appeals to buyers and investors?

Adelaide’s median house price reached a record $540,000 in

the June quarter with prices in some suburbs rising more

than 70 per cent across the financial year.

“South Australia still registers the highest unemployment rate in the country. A fact that will have to change if the brain drain stemming continues beyond the pandemic”

There are certain ways that the government is trying to put a plug in the brain drain. Two prime examples are increasing the number and quality of jobs, and the investment in Tonsley and Lot Fourteen developments.

What appeals to buyers and investors?

The suburbs showcasing good infrastructure, the potential for development, and places that appeal to budget-conscious buyers.

Both supply and affordability continue to be a concern, especially with the first homebuyers.

“The surge in demand in the heavily constrained housing market puts an ongoing burden not only on first-time homebuyers but also on investors enthusiastic about adding South Australian real estate to their rental portfolio. increase.”

For a long time, we have all know that stamp duty continues to be a major barrier to homeownership and creating a huge bump in the market especially for homeowners who are saving up.

“Homebuyers in our capital cities are now wearing stamp duty bills ranging from $20,000 to over $40,000 based on median house prices.

According to Head of Research, CoreLogic, “Stamp duty is a dead weight on the economy, reduces the efficient use of available housing stock by disincentivizing sales and leaves governments dependent on a volatile tax”.

This is creating a huge problem in the market as too many governments have become dependent on stamp duty and have been too disinclined to anticipate difficult reform options.

“Eliminating stamp duty will have the benefit of reducing barriers to homeownership, make it easier for people to be more flexible in the market as they raise families and get older, and provide an overall economic dividend”. He added.

Despite a recent upsurge in house values, residential and commercial dwellings in Adelaide still provide considerably more bang for the buck than in the major cities.

‘Mini Property Boom’ for Adelaide real estate market.

Adelaide represents itself as a consistent performer with the property prices rising over 21% over the past 24 months.

Again, Adelaide has shown great resilience and took this recent outbreak seriously, and become a safe and sustainable city, there is a reason why it is ranked the third livable city in the world.

Almost 5,200 homes were there in the market for sale in June, with the state decided to go under hard lockdown restricting limited movement, the real estate industry is not sitting still.

We were generating appraisal despite the lockdown because on the flip side vendors’ confidence was up on the roof with the situation they have been seeing in the market.

By looking at the current situation, there is no stoppage, as the Adelaide property market has been booming in recent months, with the median price of $551,538 with an average of 28 days on the market, this is the best of the best advantage that everyone should consider whether you are buyer or seller.

According to Nab residential quarter survey, “expecting 19% growth in 2021 and 4% in 2022, low rates and strong income support have seen astonishing price growth in 2021.

Because of this lockdown, we could expect fewer vendors, but here isolation will work better than the competition.

We call it the ‘Mini Property Boom’. As most of the buyers didn’t get any chance to secure their dream property or were left out in the market. We could expect a huge boom in the numbers of buyers at the open and putting their best bids to secure their property.

We have already started receiving several calls from the buyer’s sector, who are eagerly waiting to be in the market.

We all know that fewer properties are prevailing in the market and that is the biggest challenge, but increased dwelling prices are the key factor that is driving Adelaide’s real estate market.

After a record 12 months for Australian real estate, vendor assurance across Adelaide remains robust.

Property appraisals are about 38% higher than winter 2020 and remarkably almost 48% stronger than the same time in 2019.

Onyx Stats

National home value rose to 13.9% over the last financial year. Typical time to sell the property is now 29 days. The way this market is going we have seen a huge surge in the property owners are eager to make a move to achieve more than the expected prices.

Usually, real estate market take rest in winters, but it will be a ‘Hot Winter’. By looking at the current statistics we can see that the sellers and buyers are coming up strong in spring, that is the excellent sign for the real estate market.

According to ANZ Bank, “Australian Hosing prices at the national level rise by a strong 17% through 2021, before slowing to 6% growth in 2022”.

Capital city housing prices rose 2.2% over the month of May as 10.6% higher over the current year

As of June 2021, Housing market in Adelaide is peaking at $508,712. By this means Adelaide has defined itself with the place for potential investors.

According to real estate institute of SA,” show people from NSW bought 168 homes in SA from January to March this year compared with 29 in the first quarter of 2020, while Victoria purchased 148 up from 44″.

Thos clearly shows that SA is topping up in their list with good return on investment as well as with good level of stability, liveability and innovation. This is undeniable fact that the homer value in SA is going up and there is no point of turning back.

Steady and consistent that’s what the Adelaide rental market is and yes, with the little hiccups over time, but it won’t dissolve the rental market. In June 2021 the rental yield for the houses and unit is sitting at 4.2% and 5.3% respectively. Rental properties in Adelaide persisted resilient over the past years.

The main driving force for South Australian economy is Adelaide and is consistent growth.

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Home Prices in Adelaide are surging up, the demand amongst the home buyers is going to be strong throughout the winter.

Adelaide and regional SA have each recorded more than 13 percent growth in their property values over the past year, new figures reveal.

Corelogic

This is the first time in Adelaide that the property value is at 8.9% and 8.2% respectively.

According to CoreLogic, home value index,” Adelaide and regional SA each recorded more than 13% growth in their property values over the past year, dwelling values rose to 13.9% in the 2020-2021 financial year, following 1.6% growth in June to a median value of $508,712”.

“Adelaide home sales are tracking almost 28% above the five-year average, and homes are selling in just 32 days on average which is the fastest average selling time since 2007” CoreLogic.

By far this is the highest annual rate growth in 17 years of Australia since 2004, where the hosing booming market was going down after the remarkable growth.

According to the Reserve bank of Australia,’ the forecast predicts house prices growth of 8% over 2021, then an additional 9% in 2022, before a final spike of 8% in 2023”.

We have seen a similar number from the Commonwealth and Westpac depicting the 10% increase in the housing prices for this year and the following year as well.

A huge shoutout

The great news for SA that the south road project has been approved allocating $1.96billion in this project providing ‘unarguable’ economic benefits and creating 4000 jobs.

The way everything is unfolding I must say, Adelaide, will shine to its best proving spectacular facilities and service and boosting great stimulus packages that show the strength of the current market.

We have also seen a huge spike in investor’s activity it’s simple the more buyers are willing to pay for the property, the more houses it sells for.

But it is also creating the problem that the investors are squeezing out the first home buyers and taking the advantage of the market.

The young generation in Australia look set to be stuck renting until something major changes.