REAL ESTATE STATISTICS
The Lands Titles Office of South Australia is the nation’s most timely in the production of real estate sales data.
The release today of South Australia’s June sales total, 4510 sales aggregating a consideration of $1,495,172,843 (for all residential, commercial, industrial and rural sales), brings the financial year to a close.
The number and value of sales are the highest for the year, but June is not uncommonly South Australia’s greatest sales month.
The following graph tracks the dollar value of South Australia’s real estate sales over the period of the bubble from 1999.
Following an attempted recovery in 2010, the last two years seem to confirm the end of the state’s property bubble.
South Australians should see a return to the long term trend over the next few years and much more affordable accommodation for home seekers. This is most heartening.