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Article: Property boom - South Australia leads the nation - rate rises fail to curb buyers.
- Article from:
- Australasian Business Intelligence
- Article date:
- June 9, 2002
CopyrightCOPYRIGHT 2002 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jun 09, 2002 (Sunday Mail
South Australia - ABIX via COMTEX) -- Experts expect South Australia's real estate market to remain strong for the rest of 2002. Despite the recent interest rate increases, sales were robust in Adelaide on 8 June 2002. Real Estate Institute of South Australia president Barrie Magain said low stock levels, growing investment demand and the cut to the first-home owners' grant would keep the demand for established homes extremely strong. Home Price Guide's Louis Christopher said Adelaide could look forward to more price growth in 2002 and 2003. Median Adelaide house prices in the year ending 31 March 2002 were up 17.4 per cent to $A158,000. ...