Adelaide shows signs of increased activity: APM

Alistair WalshAugust 25, 2013

There are signs of increased buyer activity in the subdued Adelaide housing market, according to APM's latest housing market report.

"Latest ABS home loan data for South Australia reports seasonally adjusted owner occupied loans up by 8.7% over the first half of 2013 compared to the same period last year," the report says.

"Adelaide median house prices have started to rise again, up by 0.8% over the June quarter, for an increase of 0.9 percent over the 2013 financial year.

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"The performance of the local economy however remains a concern, with the July unemployment rate for South Australia rising steeply to 7.1% - the highest of all the mainland states."

 

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Alistair Walsh

Deutsche Welle online reporter

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