April 14, 2010 , Australia – From the Real Estate Institute of South Australia statement that the price of the median house has recently increased by 14 percent over the past 12 months with the median house price for metropolitan Adelaide has passed the $400,000 score for the first time. According to the institute’s chief executive, Greg Troughton that the Parkside, Clarence Park and Glenelg North is one of the top performing suburbs as of today regarding the houses for sale. In this line he added that the state’s housing market is now showing recovery from the dent that has been experienced with their financial and economic crisis.
The prices even at the suburbs and low and are all still reasonable and any family can afford on what best suits their budget. Greg also said that for those people who want to invest into the real estate in South Australia, in spite of of that 14-15 per cent growth, the housing affordability in South Australia compared to all other states, still remains almost certainly one of the best. From the data reported that the median house price in country areas has raise by almost 14.6 per cent in the past 12 months, to $275,000, as Mr. Troughton added that it has been exceeded their expectations.
Source: ABC News
