Ups and downs in hard mar­ket

The Advertiser - Real Estate - - Quarterly -

and sell­ers. The to­tal num­ber of house sales across SA in the March quar­ter of 2011 of 4625, com­pared with 5739 in the March quar­ter of 2010, in­di­cates con­fi­dence lev­els are down.

Sub­urbs such as Colonel Light Gar­dens with gen­er­ally large blocks of land and char­ac­ter houses, are grow­ing in pop­u­lar­ity, notch­ing a 20.9 per of $515,000. This re­in­forces the view that sub­urbs in the mid­dle ring around the CBD are gain­ing in pop­u­lar­ity be­cause they are still rel­a­tively close to the city but are more affordable than the in­ner sub­urbs.

In the east­ern and north­east­ern sub­urbs a sim­i­lar ef­fect ap­pears to be hap­pen­ing, with Glynde ex­pe­ri­enc­ing a 16.86 per cent rise in me­dian house price to $499,000, while New­ton was up 28.24 per cent to $545,000.

In the west, West Croy­don con­tin­ues to at­tract buy­ers to the mix­ture of char­ac­ter homes, large blocks and the life­style at­tributes of the cafe and shop­ping strip on El­iz­a­beth St, with the me­dian house price up by 16.77 per cent to $550,000.

Tra­di­tional first home buyer sub­urbs gen­er­ally had a tougher time. The me­dian price in Aldinga Beach slipped 2.26 per cent to $325,000, Hill­bank was down 2.79 per cent to $331,500 and Seaford Rise was 0.45 per cent lower at $333,500.

How­ever, sub­urbs such as Blake­view, with a rise of 10.41 per cent to $339,500 over the year, bucked the trend.

CHRIS WARD CHANGES: BankSA gen­eral man­ager Chris Ward at Col­lege Park.

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