In reference to the REISA produced Panorama insight into the September Quarter South Australian Property Market Update the following figures are presented.

Interesting figures for the State House Market moved by 2.4% up for the quarter and 12month change 11.11% up.

The figures for Victor Harbor House Market moved by 8.81% up for the quarter and 12month change 15.88% up.

Have interest rate rises impact the market in the area? I would say yes, in the urgency to purchase side, it has slowed slightly. Volume of properties have increased slightly but sales are keeping up with the number of properties listed. Pre release sales, “off market” are being advertised as a way to sell by some agents but I still believe properties need to go to market to achieve the best price as we are still in a market that is showing solid growth.

Rental properties are still in high demand so investors are still buying properties in our lower price ranges.

We are seeing an increase in activity through the holiday home market as the temperatures start to rise. Middleton, Goolwa Beach, Hindmarsh Island Port Elliot and all the Victor Suburbs hvae had an increase in numbers to open inspection for lifestyle and holiday homes.

In in all, I believe we will have a great summer and the market is staying strong which is good for all our home owners.

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