This article is from the Australian Property Journal archive
ADELAIDE house prices have surged in 2007 with the median house price reaching $320,000 in the September quarter, according to the Real Estate Institute of South Australia.
REISA’ president Mark Sanderson said the September quarter is historically the quietest quarter of the year but these results prove that Adelaide really is in a league of its own at the moment.
The median house price has risen 11.5% over the past 12 months to $320,000 and sale numbers are well over 5000 again for the quarter.
Sanderson said the state-wide median house price was also strong at $291,000 – a jump of 9.8% from 12 months ago.
And unit and apartment prices were also solid across the metropolitan area, with the median jumping to $250,000.
Australian Property Journal
