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BRIDGET Harris has been looking to buy her first home for the past six months. Miss Harris, 27, of Myrtle Bank, said Tuesday’s dramatic interest cut would help. “The big four are considerably more than the little guys so I’m shopping around at the moment to see exactly what the best deal is I can get out of the banks is — it’s an incredibly competitive market at the moment,” said Miss Harris, an employment
Latest CoreLogic RP Data statistics show 42 houses were sold locally for $1 million or more to December 3, compared with 26 in 2013. The highest sale of the year was a four-bedroom house on Osmond Tce, Norwood, which sold for $2.3 million. The best-performing suburbs were St Peters and Norwood, recording 18 and 15 million-dollar-plus sales respectively. LJ Hooker Kensington principal Nick Ploubidis said the strong results reflected a robust property market. “These figures
According to CoreLogic RP Data, 11 suburbs had a median sale price of $1 million or more during the year. Harcourts acting chief executive officer Andrew Friebe said 2014 had seen strong sales of million dollar homes and the forecast for 2015 was promising. “It’s been very productive for sales of million dollar homes and prices tend to be holding, and it should flow into the new year as well,” Mr Friebe said. READ MORE:
CoreLogic RP Data has released its annual Best of the Best report, highlighting SA’s top-performing suburbs in a range of categories including highest median, most affordable, greatest value growth and highest rental yield. The award for greatest annual growth goes to Kingston Park, which increased by 28.4 per cent or $211,494 on the previous year. The southern coastal suburb had 10 sales for the past year, and a median sale price of $744,698. Harcourts Plus
SOUTH Australia is driving the first-home buyer market bucking a national downward trend, research shows. Across the country there has been a decrease in the number of first-home buyers of 11.6 per cent but SA has seen the number of people entering the jump by 16.3 per cent to 7369 last financial year, according to the Bankwest First Time Buyer deposit report. Bankwest head of specialist banking Ian Rakhit said Adelaide’s real estate market represents