Market Wrap for the Adelaide Hills
The Adelaide Property market was subdued in September quarter and prices looked to have been broadly steady in recent months. Adelaide has seen long term price growth, with modest annual gains since mid 2013. House prices are now 24% higher than six years ago. Sellers became more active in the spring selling season with new listings increasing over the past couple of months.
Real estate offices more than a front window
“There’s no such thing as a one-size-fits-all customer service, and there is no such thing as a one-size-fits-all real estate business,” Laing+Simmons’ Travis Wentriro said. UrbanX boss Dan Argent questioned the need for a real estate office with a streetside window to showcase an agency’s listings. “I literally can’t remember the last time...
MARKET UPDATE
On the rental front, the average time-on-market to rent a property is approximately 4 weeks and the vacancy rate is currently sitting at around 3.3%, just a margin higher than around the same time last year. With the vacancy rate above 3%, the market hasn’t been tight enough to drive rental rates up, however we have been lucky enough to maintain a solid, stable rental return for our clien...