Adelaide October quarter median house and unit price round-up

Adelaide house prices are forecast to grow by between 0% and 3% in 2012, according to Australian Property Monitors.

“The Adelaide housing market has floundered this year with median house prices down by over 5% over the year. A significant contributing factor to this outcome has been the continued underperformance of the South Australian economy and its impact generally on buyer confidence," says APM senior economist Andrew Wilson.

“The Adelaide housing market will struggle to revive in 2012 although with South Australia’s direct exposure to the resources sector expect flat to marginal house price increases."

 

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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