Buying a home is one of the largest investments a person will ever make, and for that reason it is vital you purchase the right home, at the right time.
Despite many Australians loosing employment in 2020, Adelaide saw a record breaking number of sales in the housing market.
In 2020, Adelaide saw demand for homes rise while the number of properties advertised for sale decreased by approximately 2,000 compared to 2019.
Adelaide homes are selling faster than ever before with the median number of days to sell an Adelaide home being 37 days as of last December.
Top Ranking Housing Markets in the Adelaide Suburbs
One of the hardest aspects of purchasing a home is often deciding which town or suburb to purchase in.
With so many suburbs and towns in the Adelaide region, the possibilities are endless.
The Aussie’s Buyer’s Opportunity Report from February 2021 listed the top 20 buyers and sellers’ markets in Adelaide for this year.
The top 20 buyer markets in South Australia were listed as followed:
- Coffin Bay
- Moonta Bay
- Hindmarsh Island
- Kingston Se
- Streaky Bay
- North Beach
- Tumby Bay
- Port Hughes
- Maitland
- Coober Pedy
- Balaklava
- Millicent
- Jamestown
- Port Pirie South
- Penola
- Kadina
- Lightsview
- Roxby Downs
- Quorn
- Evanston Gardens
The first ranking buyer market was Coffin Bay, located in the Lower Eyre Peninsula with a median house value of $327,436.
Following that was Moonta Bay, located in the Copper Coast with a median house value of $281,149.
With a limited number of houses listed on the market this year, now may be the right time to investigate housing opportunities in these suburbs.
How we can help
If you have been waiting for the right time to purchase a home, now may be the best time for you to do so. Those who don’t feel financially ready to purchase a home may be pleasantly surprised by their options after speaking with us. If you are ready to take the next step towards owning your own home, contact us today.
(08) 8216 4111
mail@financemutual.com.au
Further readings
The End of Deferring Mortgage Repayments
How Working From Home Has Changed the Housing Market
