know the mar­ket

The Advertiser - Real Estate - - Open House -

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.

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