South Australia continues to report positive property statistics. The recent CoreLogic June 2023 Monthly Housing Chart Pack statistics have been released. Overall, Adelaide dwelling values rose by 0.9% in May 23, quarterly dwelling values increased by 1.1% and over the past year dwelling values increased by 0.4%.
Supply is at an all-time low, with sale volumes -9.7% lower year on year for Adelaide, and -14.9% in regional SA.
The lack of supply of quality stock is certainly continuing to prop up property sale prices within SA and time on market is less than one month.
Overall, despite continuing interest rate rises, a very positive picture!
If you are considering selling in SA, do not hold back because of Winter or the current economic outlook. Total listings within Adelaide is -24.8% down on this time last year. If you have been thinking of selling, now is a great time, with demand for quality properties in South Australia greater than supply.
To find out what your property is worth, please do not hesitate to contact us at www.salistings.com.au
Justine Thomson
Source: CoreLogic – Monthly Housing Chart Pack – June 2023
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