Welcome to our Spring edition. Across the nation, the market has continued to soar in the last quarter, with residential house prices reaching annual growth rates not seen since 1989. Property data company CoreLogic reported that average national home auction clearance rates remained above 80 per cent on high volumes again last week. As regional house prices continue to outperform the capital cities, interest remains high in the Kiama region. homes are selling fast, with an average of 28 days on the market in Kiama, 17 days in Gerringong and Gerroa topping this with just 16 days on the market. Comparing this back to the nation's eight capital cities where the research shows that it takes 35 days to sell a property on average. The median house value recorded on September 30 2021, for Kiama was $1,550,000, a 35% 12-month increase. With a 35% increase also in Gerringong, the median house value has overtaken Kiama at $1,595,000.
