South Australia’s regional property market is tipped to stand out this year, with a national report revealing its one of the front runners for price growth.
The latest Hotspotting Price Predictor Index for Autumn reveals regional SA and Darwin have the best prospects across the country for homebuyers and investors.
The quarterly report by property analyst and Hotspotting director Terry Ryder analyses sales data in every suburb and town across Australia to determine where prices are likely to rise, decline or remain consistent.
Mr Ryder said research showed regional SA continued to deliver quietly consistent results, with two thirds of the market classified as rising.
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Victor Harbor is one of SA’s regional markets tipped to see price growth this year following strong sales.
Hotspotting director and property analyst Terry Ryder.
“The data also reinforces a growing theme – the best opportunities for growth aren’t always in the largest or loudest markets,” he said.
Hotspotting general manager Tim Graham said sales activity in the state’s regions has increased consistently quarter by quarter, with a 28 per cent jump in the December quarter, bringing overall annual growth to 47 per cent.
“Two thirds of markets in regional SA are performing positively in transaction levels, with only one market categorised as declining,” he said.
Kingston SE’s housing market was declining, while the Alexandrina LGA, Middleton, Hindmarsh Island, Victor Harbor, Moonta Bay and Wallaroo were among the standout regions.
Harris South Coast director Mark Forde said prices across the area had surged over the past few years but any further growth wouldn’t be as rapid.
“We’ve seen unprecedented growth over the last four years and … demand for the area still remains really strong,” he said.
“I don’t see (prices) going backwards but I see them holding.
“We’re coming into a more normal market with the new price points we’ve experienced.”
Mr Forde said it was important to remember that demand for certain types of properties would attract high prices but not all.
Harris South Coast director Mark Forde.
Middleton is another area where property prices are expected to rise in 2025.
“If you’ve got something the market really wants it will take off and there will be multiple buyers for it,” he said.
“For prime waterfront, the demand is very strong.
“What we’re finding is days on market are starting to blow out too.”
Meanwhile, the Hotspotting report said Adelaide was expected to retain its position as one of Australia’s longest-standing growth markets.
“Transaction levels surged by 18 per cent in the December quarter and are now 37 per cent higher than a year ago – outpacing even the 2021 Covid-19 boom,” Mr Graham said.
More than half of Adelaide’s markets are considered rising, with the only declining ones in Blakeview, Elizabeth East, Ferryden Park and Seaford Meadows for houses, and North Adelaide for units.
Marion, Charles Sturt, Mitcham, Onkaparinga, Port Adelaide Enfield, Tea Tree Gully and Salisbury were the city’s leading LGAs.
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