Why regional SA home values are outpacing Adelaide’s market

Home values are holding strong in regional South Australia while they tumble across Adelaide. Home values in regional South Australia are holding strong despite those across Adelaide sinking for a fifth month in a row. Latest realestate.com.au data shows the median property price – which includes houses and units – in all three of the state’s major regions recorded greater value growth over the past year than those in Adelaide. They climbed most in the Barossa-Yorke-Mid North region, with the median up 12.3 per cent over the past year to take it to $540,000. The South Australia-Outback region followed, rising 11.6 per cent to $395,000, then South Australian-South East, up 8.9 per cent to $587,000. All three of SA’s regional areas outperformed those in Adelaide, the data shows. Unsurprisingly Adelaide’s North recorded the highest growth of the capital’s four major regions, increasing 4 per cent to $793,000, followed by the Central and Hills area, up 3.4 to $1.105m Ray White SA chief executive Matt Lindblom said prices in regional areas were growing for several reasons, with affordability a major factor. MORE NEWS Adelaide home values suffer worst capital city drop … again New SA est...