Date: 2020-18-12 22:19:08
Across regional South Australia, Port Macdonnell’s median house value climbed most (23.4 per cent), while Mount Gambier had the highest unit vale growth (3.6 per cent).
Meanwhile, Sellicks Beach and Grange were the Adelaide suburbs that recorded the greatest change in house and unit rents respectively, while Port Elliot and Victor Harbour were the regional areas where rents increased most.
John Carey said rents were rising across the board despite COVID-19.
“Outside of Adelaide city, we are seeing rents rising,” he said.
CoreLogic head of research Eliza Owen said the South Australian property market performed well throughout the year and had a lot going for it.
“From an investment perspective, the Adelaide dwelling market has relatively high rental yields, as well as being one of the most affordable capital city markets across Australia,” she said.
“A record-low cash rate, low mortgage interest rates and high rental yields may make the market attractive to purchase in.”