PROPERTY OF THE MONTH
 
 
 
 
 
 
39 Esperance Boulevard, Seaford Rise
$499,000 - $548,000
Large Family Entertainer – Picture Perfect!
Situated in the tightly held Coast Estate in Seaford Rise, this immaculate family home is sure to impress the ... READ MORE
 
beds 5
baths 2
cars 2
 
 
 
 
 
RECORD MEDIAN PRICE
 
 
 
 
 
The median price record has once again been beaten. The new benchmark median price is $470,000 – a 1.08% increase from the previous quarter and a 2.84% increase from the same period last year.

In the March quarter, 3,968 houses settled across the Adelaide metropolitan area which is down from the previous quarter (as it always is) and only slightly down from the same quarter last year. Sales across the entire State were down from the previous quarter and the same quarter last year.

“Suburbs which have seen the largest growth over a 12 month period were Norwood, North Haven and Paradise. Other big movers included Tea Tree Gully, Melrose Park and Port Willunga.

Top selling suburbs in terms of recorded sales over the March quarter were the perennial Number 1 Morphett Vale, Craigmore and Aldinga Beach.

“The top performers in sales and growth throughout this quarter illustrate the two key fundamentals of a purchaser’s decision – affordability and location.
These will always be the two dominant drivers in a real estate transaction and this is clearly shown by the suburbs that are always on these lists. Affordability coupled with infrastructure and investment opportunities will always deliver suburbs that do well for first home owners and investors.

Location, in particular, proximity to the beach will always prove popular in offering lifestyle changes.
 
 
 
 
GST AT SETTLEMENT
 
 
 
 
 
The Australian government has introduced a Bill to change the GST law from 1st July 2018 to require purchasers of new residential property to withhold GST from the purchase price and remit directly to the ATO.

It does not change the amount of GST payable by suppliers and settlement is not conditional on payment of the withholding amount to the ATO by the Purchaser.

For more details please contact Mike Cross on 8323 9333
 
 
 
 
QUARTERLY RESULTS
 
 
 
 
   
 
 
 
CAN YOU HELP THESE BUYERS?
 
 
 
 
 
Currently we have 974 buyers looking for residential and rural lifestyle properties in the southern area. If you are interested in selling, call us now on 8323 9333 as we are generating sales efficiently and stress free direct to registered buyers.

Doug Johnston - 0404 098 162:
Moana: 4 beds, 2 garage, 600m2 plus block, up to $530,000

Mike Cross - 0438 323 933:
Coastal Buyer: Up to $850k, quick settlement, room for pool, walking distance to beach.
1st Home Buyer: Looking for a villa/unit in the low-mid $200k's, flexible with location.
McLaren Vale: 4 bedrooms and access to rear shed for van, price up to $750k.

Andrew Milne - 0420 672 232:
Sellicks Beach: 1st home buyer, up to $350k.
Aldinga Beach/Port Willunga: One Street back from Esplanade, up to $400k.

Ros Cross - 0408 360 026:
Rural: Cash buyer, 50-70 acres, cattle country, quality 3 bed home, shed, water, $1M.
McLaren Vale: Wanted - 3 bed, two way bathroom, 2 toilets. Caravan access, $400k.
McLaren Vale: 2 bedroom home, garage umr, courtyard, $350-$375k.
Country Area: 5-10 acres, comfy 3 bed home, sheds, views, water supply, $500-$550k.
 
 
 
 
GET IN TOUCH
 
 
 
 
 
For more information on any of our properties, or for your FREE no-obligation appraisal, call us today on 8323 9333 or email sales@sgate.com.au
 
 
 
   
 
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Southgate Real Estate
178 Main Road McLaren Vale SA 5171
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