Homeowners in Adelaide can reap out the profit by timing the market right!

By Rishabh Dhall

By Rishabh Dhall

2nd December, 2022

We all know that market is been driven by rapidly rising interest rates, with buyers having their borrowing power squeezed.

House prices in SA continue to rise despite nosediving elsewhere in the country.

Good news for homeowners as the prices are proving more resilient than in capital cities, where values are declining much faster as interest rates continue to rise.

As per the “The PropTrack Home Price Index”, Adelaide is also the only capital city to record a double-digit annual growth. House prices over the year have risen by 12.63 per cent.

Over the past 12 months, Adelaide clocked up an astounding 27.4 % increase in its median house price, the sharpest rise in the nation.

So, for sellers this is the right time to take the opportunity and get the best price for your property.

Buyers, we would like to give you a quick tip.

We know, it is getting harder to get a loan and there is more scrutiny parameter that lender examine.

You need to cut the financial fat out of your money diet.

A lot of people don’t understand that things that might seem simple, such as how many credit cards you have, and numerous betting deductions can dramatically affect your chances of getting a loan.