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National real estate franchise identifies SA as place of growth and opportunity

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PRDnationwide is a market leading and franchised network for buyers and sellers needs, and they have identified South Australia as a place of growth and opportunity for property buyers.

In its Key Economic Indicator report for the June quarter, PRDnationwide noted that SA had reported a strong result in net migration numbers, a rise in weekly family income and drop in unemployment rates over the past quarter.

“What that means is that South Australia is a place of opportunity for a lot of people and one of the more affordable states in the country,” National Research Manager Dr Diawati Mardiasmo told News.com.au.

“There is also growth in dwelling approvals, of 19 percent over the past 12 months, however, this is not on par with increasing migration and may result in an undersupply of high-quality stock — hence potentially increasing property prices even further.”

Median weekly income increased by 3.7% year on year to $1,553 per week in the June quarter.

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The housing affordability index was at 37.3, above the national average of 31.8. The unemployment rate was 5.8%, better than in Western Australia, Queensland and Tasmania.

PRDnationwide has been selling and managing properties since 1976 and has a network of over 115 franchise offices nationally and internationally.

Source: News.com.au