house prices in adelaide

[masha]

Hi all, 

 

We have recently moved to Adelaide and we are now thinking of buying a house in the eastern suburbs. Does anyone know what is happening with the house prices in the eastern suburbs? Are they going up and what is the forecast for 2018? 

 

many thanks 

 

masha 

[llessur]

Hi all, 
 
We have recently moved to Adelaide and we are now thinking of buying a house in the eastern suburbs. Does anyone know what is happening with the house prices in the eastern suburbs? Are they going up and what is the forecast for 2018? 
 
many thanks 
 
masha 

You'll probably need to be more specific i.e. which suburbs are you interested in? What type of house? In general house prices are rising in Adelaide but not as quickly as the eastern states - they are certainly more reasonable in terms of average wages etc. Some suburbs perform better than others, past performance is not necessarily an indicator of future performance etc...

[snifter]

Agree with the above, you'd need to be a bit more specific as to suburbs. 

TBH the eastern suburbs are pretty pricey. If you've the budget for it, great, if not, you may want to expand out your search to areas suited to your budget. 

You can use the info on sites like realestate.com.au to see how an area is performing price wise and the average price etc. 

[masha]

Hi guys, 

 

We are thinking about Burnisde, Linden park or any other suburb which is in the catchment of Glenunga high school. We are aware of current prices however does anyone know if they are still increasing or have they plateaued out? 

[NicF]

Prices still seem to be going up, but who knows what will happen over the next few months.  

[snifter]

Have you checked the enrolment info for the school. It may not affect you, which is great but if it could impact, at least you are aware going in.

http://gihs.sa.edu.au/enrolments/general/

[NateN12]

In my opinion, I think the house price in Adelaide is inclined for a bit of a rise in the coming years. Since it has already sort of plateaued but thats just what I got from my cousin who has been in Adelaide for a while now. 

Good luck with finding a place! 

[Rammygirl]

Have a look at recent sold prices and how they relate to asking prices.  I honestly think it is a sellers market at the moment for certain suburbs like Burnside.  At least for houses, rather than new build appartments. Although the crackdown on foreign buyers has made some impact the market is still buoyant. 

TBH if you are ready to buy then start looking, you are buying a home not just an investment and even if the marked drops after you have bought it will most likely rise again.  

My philosophy is decide what you want, look at what you can afford.  Pick the best on offer at the time then STOP looking! Delete the apps and enjoy what you have bought.