Stockland Sells South Australian Shopping Centre For $87.5 Million
Stockland today announced the $87.5 million sale of its Stockland Parabanks shopping centre, as it looks at re-investment opportunities in key strategic growth areas.
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Devine Buys 30 Hectares of Land in Meadows, South Australia
Diversified property group Devine Limited (ASX: DVN) has today announced the strategic acquisition of a prime 30 hectare land parcel in Meadows, 40 minutes
drive south of the Adelaide CBD.
Adelaide’s rental market tightens
The rental market has tightened in Adelaide with the residential vacancy rate dropping below 1% in the month of December, according to the Real Estate Institute of SA (REISA).
Read moreAdelaide house prices soar to new heights
The median price of an Adelaide house surged 7.7 per cent in a quarter to reach $350,000 in December. Real
Read morePrices in Rural SA record strong growth
Regional South Australia is proving a lucrative investment with house prices soaring in many areas over the December quarter, according to the Real Estate Institute of SA (REISA).
REISA President Robin Turner said the median house price for SA had broken through the $300,000 mark for the first time in December and prices in regional areas had played a big part.
Calm before storm as rental vacancies ease
As the rental market prepares for its busiest period of the year, Adelaide’s vacancy rate eased slightly to 1.63% for the month of November, according to the Real Estate Institute of SA (REISA).
Read moreHomeowners get Christmas reprieve
Jingle bells are ringing for South Australian homeowners after the Reserve Bank of Australia decided not to raise interest rates at its December meeting, the Real Estate Institute of SA (REISA) said.
Read moreDBRREEF Buys Bunnings Warehouse in South Australia
DB RREEF, on behalf of its direct property mandate with AXA Wholesale Australia Property Fund (WAPF), today announced it had entered into the South Australian retail market with the acquisition of a property in Modbury for $18.5 million.
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Rental market starts to heat up
The rental market in Adelaide has tightened again with the vacancy rate dropping to 1.06% for the month of October, according to the Real Estate Institute of SA (REISA).
This is down from 1.49% during the month of September and reflects what agents have been seeing in the marketplace.
Read moreRental vacancies back above 1%
Adelaide’s tight rental market is continuing through to the colder months with April recording a low residential vacancy rate of 1.01%.
Read moreInterest rates on hold
Homeowners have survived the first half of 2007 without an interest rate rise after the Reserve Bank of Australia left rates unchanged at its June meeting.
Read moreProperty taxes buoy State Budget but no relief for buyers
The Real Estate Institute of SA said they were disappointed that no taxation relief had been offered to homebuyers in this year’s State Budget, particularly for those hoping to buy their first property.
Read moreRental shortage eases slightly
Adelaide’s tightest rental market in decades is showing signs of easing after the month of May recorded a vacancy rate of 1.44%, according to the Real Estate Institute of SA (RESIA).
Read moreSA real estate hits national stage
The Real Estate Institute of SA (REISA) was pleased to host the national Institute today to talk about national real estate issues and the strength of the South Australian market.
Read moreNew financial year off to good start
Homeowners have had a welcome start to the new financial year with interest rates remaining unchanged in July, the Real Estate Institute of South Australia (REISA) said today.
Read moreStrong rural economies support real estate growth
South Australia’s regional housing markets have continued their strong growth, according to the latest real estate statistics released today by the Real Estate Institute of SA (REISA).
Read moreAdelaide’s real estate market returns to boom conditions
The Adelaide real estate market is red hot with no signs of abating, according to the latest June quarter housing figures released today by the Real Estate Institute of SA (REISA).
Read moreRental market stabilising
Adelaide’s rental vacancy rate has stabilised at 1.34% for the month of June, according to the Real Estate Institute of SA’s monthly survey.
Read moreHigher interest rates to put pressure on homebuyers
Homeowners will be forced to tighten their belts in the wake of this month’s interest rate rise, the Real Estate Institute of South Australia (REISA) said today.
Read moreRelief in Adelaide’s rental market
REISA President Mark Sanderson said that winter had brought some much-needed relief to struggling tenants with the vacancy rate at 1.4% for the month of July.
Read moreUnchanged interest rates ‘relief’ for homebuyers
Today’s announcement by the Reserve Bank of Australia to leave interest rates unchanged is a relief after last month’s rise, the Real Estate Institute of South Australia (REISA) said.
Read moreRental market offers relief to tenants
Adelaide’s residential vacancy rate has stabilised at a healthy 1.5% for the month of August, according to the Real Estate Institute of South Australia.
Read moreReal estate sector welcomes steady interest rates
The Real Estate Institute of South Australia (REISA) has today welcomed the announcement to leave the official cash interest rate unchanged for the month of October.
Read moreCountry house prices ease
House prices in regional South Australia have eased in the September quarter but are still showing strong long-term growth, the Real Estate Institute of South Australia (REISA) says.
Read moreSurging house prices in Adelaide
House prices in Adelaide have gone from strength to strength in 2007 with the median house price reaching $320,000 in the September quarter.
Read moreInvestors flock to SA while vacancy rates remain low
Adelaide has maintained a low vacancy rate of 1.49% for the month of September, according to the Real Estate Institute of South Australia.
This is despite the fact that investors have flocked to the South Australian rental market recently, with the number of rented properties rising by 5.9% over the past 12 months.
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REISA announces new President
The Real Estate Institute of South Australia held its Annual General Meeting yesterday evening, at which Mr Robin Turner was elected as the President for 2007/08.
Read moreInterest rate rises to 6.75%
First home buyers and mortgage-stressed families will be the first to feel the full force of today’s interest rate rise, the Real Estate Institute of SA (REISA) said.
Read moreAdelaide market flourishes this spring
Confidence is booming in Adelaide’s real estate market as prices, rental demand and investment returns continue to flourish, according to the Real Estate Institute of South Australia (REISA).
Read moreProperty Council calls on local government to deliver green building incentives
The Property Council is today calling on local government across South Australia to support a
five point action plan that will green the built environment and reduce greenhouse gas
emissions.
Property Council Executive Director, Nathan Paine said, “A recently released report by the
Australian Sustainability Environment Council (ASBEC) shows that 23 per cent of Australia’s
total greenhouse gas emissions can be attributed to the built environment and its users.
Stockland Sells Non-Core Commercial Assets
Stockland today announced the sale of three commercial office buildings for a total of $95.1 million. The sale includes: •
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