South Australia Market outlook Interest rates and consumer confidence will underpin the state’s property market performance in the second half of 2013. Government policy on first home buyers and building incentives will also be key influencing factors. Adelaide Plains is expected to be the best performing area for the state, with most suburbs within a 5 to 10 kilometre radius of the city continuing to perform well, given their reasonable affordability and great development opportunity. The Southern suburbs in particular are tipped to perform well with the duplication of the Southern Expressway. The average Days on the Market (DOM) are expected to remain at current levels by 60 per cent of members, with the remaining 40 per cent saying they will fall. 50% of members say they expect sales to increase, especially in the regions of Tea Tree Gully, Flexistow, Adelaide Hills/Mount Lofty Ranges, Limestone Coast and the Fleurieu Peninsula regions. The remaining 50 per cent say they will stay the same. 60 per cent of members say the market has up-turned, with Para Hills, Warradale and the Limestone Coast regions saying their market has yet to do so, but will within the next six to 12 months. Property listings are expected to increase for 30 per cent of members, while 60 per cent say they will stay the same.
2013 Property Market Outlook Mid Year Update | First National Real Estate
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