Home' InDaily : April 11th 2011 Contents PARTNERS
MONDAY 11TH APRIL 2011
One of the strongest performers
was the suburb of Brighton which
increased by a substantial 45.8%
to $875,000, as nine houses
Further to the south, Port
Noarlunga registered a 35.6% rise
in median house price over the
past year to $457,500, as eight
houses were sold.
Moana was up by 19.3% to
$480,000 as 12 properties
Glenelg South managed a
gain of 23% to $775,000 as
seven houses were sold, while
Henley Beach was up by 6.8% to
$705,000 as 12 houses changed
Semaphore, however, suffered a
small dip of 4.7% to $593,000
as eight houses were sold, while
Largs Bay went down by 1.5%
to $426,000 as seven houses
The latest median house price figures for Adelaide
from the Valuer-General show patches of solid
growth in some of the more affluent suburbs, and
strong gains among many coastal suburbs.
BankSA general manager Chris Ward said a fall
in the number of houses sold in South Australia
during the March quarter of 2011 to 4,625 from
5,739 in the March quarter of 2010 showed that
confidence was subdued amongst buyers and
He attributed it to soaring petrol prices, rising
utilities prices, increasing grocery bills and
uncertainty over interest rates.
While the number of house sales had fallen by
almost 20 per cent in the past 12 months, there
were some solid gains in some suburbs.
Toorak Gardens jumped by 22.3% to $1.132
million as eight houses changed hands, Burnside
was up by 16.4% to $780,000 as eight houses
were purchased, and Kensington Gardens was up
by 12.3% to $675,000 as five houses were bought.
But there were also some dips among the more
expensive suburbs. Millswood suffered an 18.7%
fall to $715,000 as seven properties changed
hands, Kingswood slipped by 7.65% to $833,500
as four properties were acquired, and St Peters
was down by 6.43% to $917,500, with six
In the popular north-eastern suburbs, Golden
Grove notched a 2.4% increase in median house
price to $452,500 as 30 properties changed
hands, while at Greenwith there was a fall of 3.6%
to $413,400 as 34 houses were sold.
*This offer is available from 6 April 2011 until 31 May 2011 and may be withdrawn at any time. The offer only applies to new Great Start Home Loan applications received and lodged within the offer period for new secured borrowings of $150,000 or more that are includ ed in a B ankSA Advantage Package. For the firs t 1 2 months
from the settlement date of the G reat Start Home Lo an, the interes t rate is 1.25% p.a . below the standard variable rate. # Af ter the firs t 1 2 months, the discount rate will rever t to the prevailing Advantage P ack age discount s ubject to the BankSA Advantage P ackage terms and conditions. 0 .70%p.a . is the current Advantage P ackage
discount for s ecured bo rrowings of $250,000 or more and is subject to change. Other interes t rate discounts under the Advantage P ackage are available for borrowings of les s than $250,000. + O n selected credit cards only. Limited to 1 cre dit card account per package. Advantage P ackage annual fee of $ 395 applies, other fees
may be payable. Co nditions apply and are available on request. The information does not take into account your circumstances. P leas e read the terms and conditions to d ecide whether the product is suitable f or you. Discounts only apply whilst products are includ ed in the Advantage P ackage. A ll applications for credit are subject
to BankSA’s prevailing credit criteria. BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 ACL 233714.
Spend more on your home,
less on your loan.
1.25%p.a. of f our standard variable rate for the first 12 months*
Put more of your money where it matters with a BankSA Advantage Package. Get off to a Great Start Home Loan with 1.25%p.a. off our standard variable rate for the first
then up to 0.70%p.a . of f thereafter#. Plus $0 annual credit card fee+
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fee, credit limit increase and rate switch fees, $0 monthly loan administration fee and $0 monthly ser vice fee with 100 % offset facility. Offer ends 31 May 2011 so visit
banksa.com.au or call 13 13 76 today.
HOUSE PRICE FIGURES A MIXED BAG
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