Wednesday, May 30th, 2012 - Toop Real Estate Group
There is good news for those who own South Australia’s Finest homes, as over the past year the top end of the market has been the strongest performer in the state, reports Episode 127 of Toop TV.

While all city dwelling values have decreased over the past year, according to RP Data in the top 20% of Adelaide suburbs, prices have only declined by -4.6%.

This is a smaller drop than the combined capital cities’ average, where prices in the premium sector have fallen by -5.7%.

The difference in the changes in home values across the nation’s top end properties has been attributed to the premium housing market being comparatively much more affordable in Adelaide than in other cities.

Elise Partington, presenter and producer of Toop TV (Toop & Toop Real Estate's very own online property segment) says that in South Australia’s middle market, prices have fallen by over 5% and dropped even further at the affordable end of the market.

“In fact Adelaide’s most affordable suburbs were among the weakest performers over the year nationally, where the only other sector which had a larger fall in values was Melbourne’s premium housing market,” Miss Partington says.

Miss Partington says that “this has been blamed on the state’s capital having a greater prevalence of mortgage hardship in these areas where buyers have been forced to sell, driving down house prices.”

“These results show how diverse the housing market is and that it’s important to research the part of the market you’re interested in if you’re thinking of buying or selling.”

Also on Episode 127 of Toop TV:

- Live in the studio, Mark Potter – Associate Director for Baker Young Stockbrokers

- See inside two of SA’s Finest properties, 439 The Parade , Kensington Gardens and 43 Braeside Road, Stirling

- Go behind the blinds at 8 Laurence Street, Lower Mitcham

- Also take a tour through this executive rental at a confidential address in the beach side suburb Grange

To view the complete episode today, Wednesday 30 May, log onto www.toop.tv at 1pm. All past episodes also available online.

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Toop Real Estate Group


South Australia’s largest independent residential real estate agency and the most highly awarded in the nation was founded by Anthony Toop. It has become a national icon in marketing and selling in the residential real estate industry having won National Real Estate Agency of the Year in 2007 and is the only real estate agency in the industry’s REISA Hall of Fame. Toop&Toop is also the only real estate agency in the Family Business Association Hall of Fame as an iconic business in South Australia. Founded by Anthony in 1985 has won virtually every major state and national business award since 1993 - and has received recognition both nationally and internationally for achievements in business excellence. In April 2009 Anthony was recognized nationally by the Real Estate Institute of Australia by receiving the nations “Community Service Award” for work done with charities and with the Community. He also received the Young Presidents Organization (YPO) Long Life Leadership regional recognition in December 2008 the “Legacy Honour 2008”.http://www.toop.com.au
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SA's Finest - 439 The Parade, Kensington Gardens

SA's Finest - 43 Braeside Road, Stirling
Tim Thredgold
P: 08 8362 8888
M: 0418 817 407
W: www.toop.com.au

Keywords

While all city dwelling values have decreased over the past year, according to RP Data in the top 20% of Adelaide suburbs, prices have only declined by -4.6%.

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