House prices in Adelaide are continuing to rise.
Buying property in Australia will have seemed a good idea for those who have invested in the Adelaide region.
This is because the average house price in the South Australian capital now stands at over $400,000, with prices in the state expected to increase by nine per cent during 2010-11, adelaidenow.com.au reports.
Neil Bray, South Australia's valuer-general, valued 860,000 properties in the state, with the median value totalling $405,000.
This valuation officially takes effect at midnight on June 30th, and with no sign of house prices slowing down, now may be a wise time to invest in Australian property.
The collective value of South Australia's properties has risen to $194 billion, while its capital value has increased seven per cent to $329 billion.
Meanwhile, Tony Abbott, Australia's opposition leader, has said the country's house prices could increase by $20,000 if the government presses ahead with its resources rent tax, the Sydney Morning Herald reports.
Posted by David McElwain
Buying property in Australia will have seemed a good idea for those who have invested in the Adelaide region.
This is because the average house price in the South Australian capital now stands at over $400,000, with prices in the state expected to increase by nine per cent during 2010-11, adelaidenow.com.au reports.
Neil Bray, South Australia's valuer-general, valued 860,000 properties in the state, with the median value totalling $405,000.
This valuation officially takes effect at midnight on June 30th, and with no sign of house prices slowing down, now may be a wise time to invest in Australian property.
The collective value of South Australia's properties has risen to $194 billion, while its capital value has increased seven per cent to $329 billion.
Meanwhile, Tony Abbott, Australia's opposition leader, has said the country's house prices could increase by $20,000 if the government presses ahead with its resources rent tax, the Sydney Morning Herald reports.
Posted by David McElwain
