SA Adelaide (south) heating up

The charts are usual a 12 month average , a trailing indicator , so you can get a 24 % jump in one month and that will only show up as a 2 % change ...

Cliff

 

You won't find anything in Adelaide's south for 150k. Anything worth purchasing is a minimum of 300k.

 

Can someone explain strata title and what it entails pls

 

And what is Adelaide s south where does that encompass

 

Some solid auction results from this weekend.

681k for a 3x1 fibro in Dover Gardens.
Sold 41 Scarborough Terrace, Dover Gardens SA 5048 on 19 Feb 2021 - 2016788371 | Domain

740k for a 3x2 at South Plympton
32 Kerr Grant Terrace, South Plympton SA 5038 | Domain

 

There is a hill sort of in line from Marino across to Darlington. I think of anything south of that point as the southern suburbs. Anything before thst point is a higher price point.. but may also be called south / south west.

 

What's the source of this data? please

 

Median house sales by quarter

Graph was created myself.

 

I followed this up but nor expected such price for this as well. FOMO is real!

 

It was exactly what I have known. It's really terrible for FHB.

 

Not quite FOMO in this case Sophie, please see Erica's reply a couple of weeks ago, this property was most probably purchased by a developer:

 

Hi Sophie, I totally understand how distressing it can be for FHB watching the property prices rise while they are trying to get into the market. My tip is this: in the vast majority of Adelaide metropolitan suburbs the new Planning Code will allow for subdivision of properties that have an 18m frontage and 600 meters square of land. So, to avoid competition with developers (thus avoiding the higher prices) look for properties that are just under these parameters. Good luck.

 

Does anyone have any migration data for Adelaide?
The pandemic and subsequent move to working from home, has taken a fair chunk of the demand away from Sydney and Melbourne as places "needed to work in". So it'd be interesting to see if anyone is moving from any of the bigger states because now they can.

 

Great - I have one developers won't touch lol.

 

Same here, 16 metres frontage!

 

Regional internal migration estimates, provisional, September 2020



This comment from the June 2020 release:


It took a pandemic for interstate migration into Adelaide to exceed interstate migration out of Adelaide for the first time in 18yrs......

 

All booms and all busts are created from something happening...

 

Overseas Arrivals and Departures, Australia, December 2020

Overseas arrivals for the month of Dec 2020 (latest release):

 

National, state and territory population, June 2020

If you have a look back through these releases you'll see that on average South Australia's population increases by about 16,000 persons per year, the majority is from overseas migration into SA (not so much births minus deaths/ and obviously not interstate migration per the post above).