The Property market on the Fleurieu experienced a major growth period during the Covid pandemic. This was due to the location being perfect for those wanting “out” of all the major cities around Australia.

South Australians have a strong tendency to want to come home close to retirement, Covid increased this desire with the ability to work from home being a major factor. Holiday homes have become permanent homes, and part time occupancy is also common. The number of professional couples that have relocated to the area is huge. A number have their main residence here but a smaller unit or property in Adelaide or another major city. This is a definite change in demographic. Those looking to return to our coastal lifestyle, space and being close to Adelaide lifted the demand enormously.

Stock levels were high pre Covid, but demand reduced the stock levels dramatically. Also the number of people leaving the region was at its lowest. Standard economics of supply and demand created a major increase in property values across the whole of the market. (Between 25 and 60%)

This demand has not decreased with the government’s fiscal policy and the Reserve Banks interest rate rises.

We are still seeing good numbers at properties and the average time on market has gone from over 90 days pre Covid to around 30 days at the markets peak.

Prices have stabilised in recent months but demand is still high, so all properties are still competitive.

All vendors looking to go to the market should always listen to their agent. The market will always determine value you just have to listen to it. Off market sales are generally detrimental to the vendors best price but that’s another conversation.

All of these changes have also changed the local business market place with large companies now looking to invest in the area from a business and infrastructure point of view. Job numbers have increased, local business is seeing a boom that should no longer be seasonally impacted due to the large increase in permanent residency. 

Yes, it is a great time to sell, but it is also a competitive time to buy, contact myself or any of the Elders sale staff on the Fleurieu to discuss the current state of the market.

We have specialists across the Fleurieu in Victor Harbor, Willunga, Strathalbyn and Normanville. Call Elders Fleurieu, Hills & Vales for all your property enquiries.

Roger Smith

Over 17 Years as an Agent

Extensive knowledge of the Fleurieu Pennisula

Avid Golfer

Husband to Deb, Father to Amy 10 & Charlie 9

Monster Car Enthusiastic