Clarence Gardens – realestatesource https://www.realestatesource.com.au Commercial and residential property news Sun, 17 Jan 2010 03:16:54 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Clarence Gardens – realestatesource https://www.realestatesource.com.au 32 32 Valuer General Info Shows Adelaide Median House Price Surge: 2009 https://www.realestatesource.com.au/valuer-general-info-shows-adelaide-median-house-price-surge-2009/ Sun, 17 Jan 2010 03:16:54 +0000 http://realestatesource.com.au/wordpress/valuer-general-info-shows-adelaide-median-house-price-surge-2009.html EXCLUSIVE figures released to The Advertiser last week, shows Adelaide’s metropolitan median rose 6.25 per cent to $382,500 in the December 2009 quarter, compared to the same period in 2008.Glenelg

State wide, medians increased 5.77 per cent to $352,000.

Somerton Park, just south of Glenelg South, reported the strongest median value growth – up 35.64 per cent since last year. It was followed by Broadview (28.42 per cent) and Willastown (22.37 per cent).

]]> Clarence Gardens and Dover Gardens in Adelaide’s west, and Burton, in the north, also made the list with median value increases of more than 20 per cent.

The list included suburbs where 10 or more sales were recorded in the quarter.

The Valuer-General figures are considered more statistically reliable than research released by other groups, because it includes all sales (not just the reported ones) and sale prices.

Unfortunately the VG figures are released much later than statistics compiled by groups including Australian Property Monitors, Residex, RP Data and the Real Estate Institutes.

According to the VG, South Australian rural median values rose 2.04 per cent to December, while metro units rose 3.10 per cent.

 

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