South Australia

Benchmark April18

Property sales across regional South Australia were 2.6% higher over the past twelve months, taking the total volume of settled sales to 9,370 over the year to November 2017. The improved volume of sales was centred within the residential property sector where volumes lifted 5.4% to reach 5,659. Rural sales trended slightly lower over the year, falling by 1.3%. 60% of regional South Australian property sales were transacted within the residential property sector, while across the rural sector, most sales were for properties situated on land less than 40Ha in area. While sales activity showed a modest lift over the year, the gross values of sales showed a more robust result, lifting 14.0% over the year to reach Price Trends Gross value of sales – rolling 12 months Residential houses (Less than 4 Ha) 2500 1875 1250 625 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 Agriculture/Rural Less than 40 Ha 800 600 400 200 Agriculture/Rural 40 Ha to 100 Ha 600 450 300 150 Agriculture/Rural 100 Ha to 1,000 Ha 600 450 300 150 160 120 80 40 Left axis: Total value of sales $ (millions) Right axis: Number of sales 16 | www.landmarkharcourts.com.au NOV 13 NOV 14 NOV 15 NOV 16 10000 7500 5000 2500 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 6000 4500 3000 1500 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 1500 1125 750 375 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 700 525 350 175 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 80 60 40 20 NOV 17 0 0 2017 2016 5,659 5,371 265,000 262,000  1.1% q–0.2% 2017 2016 2,061 2,240 111,000 100,000  11.0% q–2.9% 2017 2016 1,100 1,000 340,000 310,000  9.7%  3.3% 2017 2016 478 470 700,000 592,500  18.1%  7.7% 2017 2016 72 51 822,500 1,100,000 q–25.2%  71.9% Agriculture/Rural 1,000 Ha+ $3.1 billion. A 25% jump in the value of rural sales was the main driver of the improvement, however the value of residential sales also rose by 9.6% over the year. The largest rise in market activity across the residential sector was recorded within the South East region of the state where activity was up 8.0%. The remaining broad regional areas of South Australia also saw a rise in sales activity, with sales up 6.4% across the Outback region and 0.4% across Barossa-Yorke-Mid North. Across the rural sector, higher transactional activity was recorded across the Barossa-Yorke-Mid North region where settled sales were 1.9% higher than a year ago. South Australia


Benchmark April18
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