know the market
BUYING a house is a huge financial investment and potential buyers should research the local market before committing to a purchase.
Knowing market conditions and the median house price of an area will help buyers be more informed when inspecting properties. They will then have a better appreciation of what is a reasonable asking price for a property in a certain area.
The Real Estate Institute of SA (REISA) publishes State Government sales data to help the public become more informed on current market conditions.
The latest quarterly median house price information for each suburb and council area is listed on the institute’s website ( www. r e i s a . c o m. a u ) , along with past statistics that can help buyers establish whether the market is moving forward or stabilising.
REISA also produces a quarterly Market Update report which highlights t he main growth suburbs and regional areas in three key markets: sale prices, rental prices and rental yields. Go to our website for more information.
REISA also offers consumers the opportunity to purchase sales data specific to their suburb or street via the website www.latestsales.com.au.
This site allows potential buyers to buy the 50 latest sales in their suburb/street and it is immediately delivered elect ronically f or you t o sort through at your leisure.