Market Update - July 2022

Market Update – February 2023

What’s new in the property market?

According to predictions and gathered statistics, the strongest capital city markets in 2023 are likely to be Adelaide and Perth. There’s never really a bad time to invest in property, but there are better times than others. We foresee a slight drop in the Adelaide real estate market in 2023, but time will tell. 

According to housing research reports, 2023 forecasts for capital city house prices will rise between 3% and 7% dependent on interest rates not going above 4%, inflation dropping to 5%, and unemployment staying below 5%, so it’s not all gloom and doom. 

Research shows the best month to sell a house in Australia in March, while the best season for sales overall is the Autumn months. On the bright side, Adelaide has consistently offered investors stable and low-risk investment opportunities in one of the world’s most liveable cities.

Our team can help you reach your property goals in 2023! Whether you plan on buying or selling either commercial or residential property, Eastern Conveyancing is your SA conveyancer with over 20 years of experience.