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The Blackwood District Market Place

Calendar-monthThursday, May 07, 2015

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 Glenelg Jetty to the GPO = 10kms. 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 Craigburn Farm
Bellevue Heights Eden Hills
Blackwood Glenalta
Coromandel Valley... [continued]

Tag Category: John's Insights

The Adelaide Market Place

Calendar-monthThursday, May 07, 2015

Median prices 1984 to now
Median prices were first used in 1984 to more accurately monitor house prices. Average prices were used prior.
The whole of the greater metropolitan market place, which is from Willunga to Gawler, is the basis for these figures.
The median house price has shown an increase every year except for the two by two consecutive years of 1995 (-1.7%) and 1996 (-1.3%) and 2011 (-2.2%) and 2012 (-1.5%). The only drops in house prices in 39 years we have kept records. The median price is the middle sale/contact price. © Ring Partners

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 –... [continued]

Tag Category: John's Insights