Market Update: February 2022

The South Australian property market has grown steadily throughout January, in line with predictions that house prices will continue to rise consistently across the nation in 2022.

In light of this continued growth, the SA property market has been labeled as one of the most consistent markets in the nation. In particular, a handful of suburbs across SA have been identified as some of the most consistent markets in Australia, with one beachside suburb taking out the #1 spot in the nation.

50 locations across the nation have been identified by the Hotspotting Price Predictor Index as places with strong levels of sales consistency over consecutive quarters. Topping that list is the beachside Southern suburb of Hallett Cove, recording 50 to 66 sales every quarter for the past three years. The median house price here, revealed in the Price Predictor Index, has increased 15 per cent in the past 12 months, including a 5.5 per cent increase in the most recent quarter.

Terry Rider, property expert and author of the Hotspotting report suggests that consistent markets, such as Hallett Cove, can produce good price growth in the short-term and very solid long-term capital growth rates”.

Five additional SA locations made it into the top 50, identified as safe locations for investors based on their consistency:

Hallett Cove: $540,000 house median

Marion: $565,000 house median

Salisbury Downs: $355,000 house median

Valley View: $430,000 house median

If you’re considering buying or selling in 2022, Eastern Conveyancing is your South Australian conveyancer for all aspects of residential and commercial conveyancing.