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Home for Sale Gets Expensive
06/21/2010
The house price in Adelaide, Australia are forecast to soar high by 20 percent during the next 3 years, increasing more pressure to potential home buyers.
According to 2010 to 2013 report of Residential Property Prospects, BIS Shrapnel anticipates that there would be $410,000 median house price in June, which is a 14 percent gain for the year.
In the March quarter, the median metropolitan price marked a record when it hit $405,000, based from the figures given by Valuer General.
Angie Zigomanis, senior project manager of BIS Shrapnel said since Adelaide had the lowest median of the mainland capitals, it did not have the same interest rate and GFC-induced drop in prices compared to some of the other capitals.
Michael Brock , Real Estate Institute SA, said that it might be continually even exceed the increase and growing up to 20 percent this coming 2013 since the outcome is based on the mining super tax. However if the Federal Government agrees on that and the mining projects in SA then it will certainly get their earnings and profits.
Source: AdelaideNow News
