SA Adelaide rising suburbs article by Terry Ryder

Discussion in 'Where to Buy' started by D.T., 28th Sep, 2021.

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  1. PeterCr

    PeterCr Well-Known Member

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    Would also be interesting to see if the stock on supply will increase and how long the stock stay(s) on the market.
     
    PeterCr, 25th Jun, 2022
    #41
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  2. Jimmyay

    Jimmyay Well-Known Member

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    Still seeing prices climb in the southern suburbs. They seem to have increased about 20% since the end of 2021. Price of a full block of 750sq beachside suburbs around port Noarlunga seems now to be $600- $700k or up 350k for a 350sqm block. Still seems to be some way to go down there.
     
    Jimmyay, 26th Jun, 2022
    #42
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  3. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    The Nth doesn't seem to be slowing either, but I'm just basing this on anecdotal evidence of sales in suburbs i follow. E.g Starting to see sales in Salisbury East fetching North of $500k regularly.
     
    ollidrac nosaj, 26th Jun, 2022
    #43
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  4. Jimmyay

    Jimmyay Well-Known Member

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    it will reach affordability ceilings, but i think the recent rises are probably locked in , despite what happens in some other markets / cities. Adl was just too cheap for too long and this step up is really a reversion to mean so far.
     
    Jimmyay, 27th Jun, 2022
    #44
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  5. Shogun

    Shogun Well-Known Member

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    Shogun, 27th Jun, 2022
    #45
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  6. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    ollidrac nosaj, 28th Jun, 2022
    #46
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  7. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    ollidrac nosaj, 28th Jun, 2022
    #47
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  8. Dave Radelaide

    Dave Radelaide Well-Known Member

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    I think we've seen the peak of the ADL market, at least for the 2-5m upper mid range. Feedback I've received is that CR increases (more specifically the expectation of another 1-3%) are already biting and there just isn't the same depth from local buyers prepared to push the price up. Will still get the odd bullish sale (especially with interstate buyers) but expect real prices will fall from here (and probably nominal too).
     
    Dave Radelaide, 30th Jun, 2022
    #48
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  9. Dave Radelaide

    Dave Radelaide Well-Known Member

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    I expect the mrytle bank block will be a dual occupancy or a KDR with an exemption allowing the tree to go.
     
    Dave Radelaide, 30th Jun, 2022
    #49
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