Wow, can you believe it? 80 days until we are signing out of 2018 and welcoming in 2019!
So, what to expect in the market?
Adelaide market has remained strong. In fact, Adelaide has come in at the 2nd highest capital city for Auction clearance rate. Currently 62.3 % of properties are selling at Auction based on a total of 88 Auctions in the past week.
As an investor, you will likely to continue to experience good occupancy with your investment property. Meaning that good tenants are staying longer, which avoids the cost of the vacancy however if your property does become vacant – the warmer months traditionally means to expect a higher demand from the market, as those moving will likely do so at this time of year.
The average median rental price per week remains unchanged at $375 per week and unit rental prices at $300 per week.
We expect that the Adelaide market will continue to remain strong in the last quarter of the year.
For further information on what to expect in the market or to discuss how we can assist on the sale and rental of your property, contact Elinore today on 0402 148 373- or fill in your details below.