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Originally Posted by ad5
(Post 1020104)
I am currently looking to purchase a typical family sized home (not courtyard/townhouse) in the south west region of Adelaide, the suburbs one back from the esplanade suburbs (Glenelg down to Brighton). However there is literally nothing around. What is the explanation for this?
For example, there is one fairly large suburb that according to census data has a population of just 5000 and most properties (70%+) here are houses. There are currently only 2 houses on the market that are not under contract and its been that way for weeks. The ones shown under contact are old listings from last year. Realestate.com.au supply to demand trend is showing a 100% increase from late last year. I've noticed this for a few of Adelaide's suburbs. |