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MONDAY 2ND MAY 2011
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FRUIT AND VEG PRICE SPIKE
Morphett Vale was the suburb
registering the highest number of house
sales in the March quar ter of 2011 in
Adelaide, and it managed to also hold
its ground when it came to median
It was a similar tale in several other
suburbs where there are still substantial
numbers of houses changing hands
even though the actual number of sales
is generally lower than the same time a
year ago, because of buyer caution.
There were 78 houses sold in
Morphett Vale in the March quar ter,
with the median house price steady at
$290,000 according to Valuer-General’s
The southern beachside suburb of
Hallett Cove generated sales of 48
houses in the March quarter and its
median house price was up 3.9% to
Parafield Gardens had 47 houses sold
in the first three months of calendar
2011, and also remained steady with
a median house price of $300,000.
Mount Barker in the Adelaide Hills
continues to prove popular with 41
houses changing hands, although its
median house price drifted lower by
0.77% to $352,250 compared with
a year earlier.
Mawson Lakes also recorded solid
volumes with 47 houses sold, with the
median house price down 1.76% to
Happy Valley had 43 house sales,
although its median house price slipped
by 3.08% to $353,750.
BankSA general manager Chris Ward
said it was an indication of resilience
in the housing market in some of the
suburbs traditionally popular with first
HIGH-VOLUME SUBURBS HOLDING GROUND
Food prices climbed by 2.9% in the March
quarter according to official statistics, but
within that categor y there was a much
bigger spike in fruit and vegetable prices.
The Reserve Bank of Australia board
meets tomorrow to assess whether the
current level of official interest rates is still
the right setting for the nation, and most
economists are of the view it will keep
rates on hold.
The RBA looks closely at inflation data,
but has signalled it will look past one-off
impacts from floods and cyclones, which
were a key par t of the reason for a 14.5%
rise in fruit prices and a 16% rise in
vegetable prices in the March quarter.
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