Ring Partners

The REAL FACTS about the market place we live in….known as the Blackwood District or the Mitcham Hills.
It is often thought we are too far away from everything.
It is one of Adelaide’s best kept secrets.
Consider this. The exact 10km radius from Chapman Street in the heart of Blackwood to the GPO is equidistant from the middle of the Glenelg Jetty to the GPO.
Imagine if these 8 suburbs were in Glenelg, Glenelg South, Glenelg East, Glengowrie, Somerton Park, North Brighton, Warradale, and Oaklands Park – they would all be $100-$500,000 dearer. In other words, this area is under valued by the market place. It is our considered opinion we can expect good capital appreciation into the future.

The Mitcham Hills encompass the beautiful suburbs of:
Belair
Bellevue Heights
Blackwood
Coromandel Valley ... [continued]

Median prices 1984 to now

Median prices were first used in 1984 to more accurately monitor house prices.
The whole of the greater metropolitan market place, that is from Willunga to Gawler, is the basis for these figures. Average prices were used prior.
The median house price has shown an increase every year except for the two consecutive years of 95 (-1.7%) and 96 (-1.3%) and last year (-2.2%) when we experienced the only drops in house prices in the 36 years we have kept records.

1984 – $62,000
1985 – $72,200
1986 – $73,500
1987 – $74,500
1988 – $80,400
1989 – $90,400
1990 – $97,200
1991 – $103,900
1992 – $108,300
1993 – $111,200
1994 – $113,500
1995 – $111,500
1996 – $110,000
1997 – $133,500
1998 – $118,600
... [continued]

Phil Chronican is ANZ’s Australian chief executive. This is an abridged version of a speech he made on the 2nd of June 2011 in Sydney.

WITHOUT question, the housing market is a core pillar of the Australian economy and our national psyche – we love property, and everything that comes with it.

The housing market has a $4.2 trillion capital value and has a unique influence over our lives, but is proving an increasing source of controversy.

As a market or industry, rarely do we stop to ask what does the ideal housing market look like. For me, it would be a market that delivers sustainable outcomes and a balance between access and affordability, financial security, returns for investors, business opportunities and employment for industry participants.

So what are we seeing today? House prices have risen significantly over the past 30 years, well in excess of inflation or income... [continued]