Housing supply crunch propping up South Australian real estate prices
Buyers in South Australia now have less choice in the real estate market, with housing supply constraints driving rents through the roof and keeping property prices relatively stable.
South Australian property prices have outstripped all other markets over the past year and as prices subside nationally, a supply crunch is now holding them steady in SA. (Image source: Shutterstock.com)
A lack of housing supply is propping up the South Australian property market, while record low vacancy rates continue to attract investors seeking attractive rental yields.
Regional South Australia was the only property market in Australia to record monthly positive growth in October and the highest rate of annual growth at 20.4 per cent. Adelaide’s annual growth of 16.5 per cent was around double that of second placed Brisbane, although prices …
