New data reveals why SA homeowners have least to fear

South Australia’s housing market might be cooling on the back of recent interest rate rises, but exclusive new data shows history is on homeowners’ side. Exclusive REA Group data provided to The Advertiser has shown South Australia has rode out previous market corrections better than any other state, with every metropolitan and regional area weathering previous interest rate hike periods of January 2004 and April 2018, and recording bounce-back value increases greater than the national average. And the response since April this year has also been positive. According to the data, SA’s outback region has performed the strongest, with prices up 3.8 per cent since rates lifted in April, ahead of the national regional average of 0.3 per cent. The Barossa – Yorke – Mid North area, and the state’s South East have also outperformed the regional averages with 2.5 per cent and 1.4 per cent growth respectively. Adelaide’s central and hills, north, south and west regions have also outperformed a national drop of 1.3 per cent, recording gains of 0.9 per cent, 0.6 per cent, 1.5 per cent and 0.2 per cent respectively. Every one of these areas outperformed average gains seen around the country in ...