There are many positive signs showing it is the right time to consider entering the housing market, and in particular purchasing real estate in Adelaide.
The Reserve Bank of Australia announced on April 1 that the cash rate will remain the same. This makes it the seventh consecutive month in which the official cash rate has sat unchanged at 2.5 per cent.
This creates an accommodating environment for both buyers and current property owners, as interest rates on home loans remain relatively secure.
Additionally, following a slower month in February, new information from the RP Data-Rismark March Home Value Index saw house values across the capital cities end the first quarter of 2014 on a high note.
Adelaide has had another solid increase of 1.4 per cent, but also continues to be one of the more affordable capitals with the average median dwelling price sitting at $390,000.
Those with investment property in Adelaide can also be reassured by the findings of the report, as rental yields reached 4.7 per cent for units and 4.3 per cent for houses.
This latest information might suggest buyers should capitalise on current conditions and purchase sooner rather than later.
By Laura Barry in association with Whether you’re looking to update your home according to the season, or want the space to feel a little more polished, there are a few simple changes you can make to your interior to achieve a luxe look without a big outlay. Elevating your interior style … Read more
By Samantha van Egmond in association with Discover budget friendly ways that fill your large walls with mirrors, art and textiles. A bare, white wall in your living area can be intimidating and make even the loveliest of homes feel cold, especially in winter. However, there are ways to inject personality into … Read more