South Australian housing values continue to climb in 2021
South Australia’s housing market has started the new year off strong, with values across both the state’s capital and regions rising in January.
CoreLogic’s home value index reveals Adelaide’s median value rose 0.9 per cent to $473,170 in the first month of 2021, while regional SA’s median climbed 2.3 per cent to $256,955.
Ray White South Australia chief executive Matt Lindblom said the market seemed to be stronger following a brief slowdown between Christmas and New Year.
Nationally, the home value index was up 0.9 per cent over January, with the median value reaching $583,157.
“While demand and supply remain imbalances we are likely to see units continue to underperform relative to detached housing markets.”