Adelaide's house prices are continuing to hit record levels, new figures show, with fewer homes for sale and outside investors helping drive growth.One agent said the interest was being driven by those looking to move from Sydney and MelbourneData from market analysis firm CoreLogic shows Adelaide house prices rose 17.9 per cent in the past year, and 5.3 per cent in the past quarter."Can it sustain itself? Who knows?", with other state capitals recording even bigger rises.
"[But] the annual growth rate at the moment is … 3.6 times higher than the 30-year average rate of annual growth."Property in Adelaide has traditionally lagged behind the larger capitals, but some of the recent growth is driven by interstate and outside investors, including those in the COVID-ravaged eastern states.
Times really are desperate.
saintslugger 😂
Can we make sure they are fully vaccinated and make sure they isolate for a few months
Same in WA gone completely mad
Happening here in QLD too. The market is so over-priced now.
Or perhaps ppl are just investing their money in property because shares are volatile and interest rates are low. If it was ppl moving you would see drops in Sydney prices as there are no new ppl arriving.
Any chance that abc will realise that high house prices are a bad thing