Adelaide slightly outperformed the country on profitable resales over the June quarter.
Core Logic’s latest report, which looks at profit and loss-making sales shows 91.5 per cent of houses and 85.2 per cent of units re-sold for more than their previous sale price in the three months to the end of June Australia-wide.
Adelaide faired slightly better, with 92.2 per cent of houses and 86.6 per cent of units reselling at a profit.
Metro Adelaide areas of gain:
Homes in the Norwood Payneham & St Peters area topped the profit making list, with 96.8 per cent of sales fetching a higher sale price than previously.
West Torrens, which includes sought-after suburbs such as Mile End and Thebarton, meanwhile boasted a profit making sale rate of 94.4 per cent, while Unley made 96.3 per cent.
CoreLogic Head of Research Tim Lawless says houses consistently recorded higher proportions of profit making sales than units.
RMC Top pick of Suburb for the month:
Park Holme is a popular suburb and for good reasons, with its desirable location – directly situated between the coast and the city. Close to shops, cafes, transport and all other desirable amenities.
The area attracts over 835 visits per property on the market compared to an average of 776 visits per property in the rest of the state, according to realestate.com.au.
Peter Michos at RMC Real Estate recently sold Four brand new townhouses on offer at Park Holme.
The homes sold at Rotorua Avenue, Park Holme- were completed to a quality standard with three bedrooms, 2 bathrooms, double garage and a courtyard.
The buyers were all owner occupiers, purchasing their first home and all received the benefit of the first home owners builders grant (FHOG) which is applicable on not only if your building your own home but also available on any brand new property purchase.
The homes at Rotorua Ave, have now all sold in the range of $475,000 up to $500,000.
Contact Peter Michos 0418 830 152 today, who can assist on all your sale needs- including off the plan sales.
