We've been looking at house prices all over Adelaide. Been seeing lots of opening. Most of the houses under $350k have been dissapointing. A lot of money for what they actually are. So many with next to no garden, and what's the thing with having the worlds biggest steel shed in the back garden?? How many time we've been told 'new modern kitchen' to see it and then think we'd rip it out and update it... lol.
Having spoken to many of the agents along the way, the general feedback is houses over $300k take a while to shift but anything under $300k is currently benefiting from the available grants and are being snapped up by first time buyers. If I asked what will happen in October or January, when the grant reduces, they simply said the house prices will increase at a slower rate than currently, but they won't go down.
I think we'll rent for a year, save some more money and watch the market. Probably end up looking at a new house off plan then too on a reasonable plot (600m2 or over).
What do others think of the housing market in Adelaide, what are your experiences??