Toop TV's property commentators look at why the country property market in regional South Australia is booming (Episode 79 - www.toop.tv).
Presenter Elise Partington says the grass actually is greener, reporting that house prices rose by 19 percent in Port Augusta, 16 percent in Millicent, 8 percent in Mount Gambier and 5 percent in Victor Harbor. Meanwhile Adelaide house prices have risen only 1 percent in the same timeframe.
"People are hunting the rural market looking for a change in lifestye in an affordable location," Elise says.
"Retirees are seeking a tree change by snapping up cheap property along the Fleurieu Peninslua and in Mount Gambier. The combined forces of more baby boomers retiring, rising rents and the government cuts to the first home buyer's grant are driving home buyers to seek cheaper country homes."
Also in Episode 79 of Toop TV:
- See inside SA’s Finest homes, including 46 Little Road Aldinga, Lot 1 Gully Road Piccadilly and 6 Cedar Avenue Glenunga.
- Special studio guest is Robin Matters, Director of Merc Property and President at Adelaide Benevolent And Stranger’s Friend Society.
- Toop’s Tips find out how to improve the presentation of your backyard without spending a fortune.
- Suburb Insider takes a look at Glenelg – why it makes the ultimate sea change
View the complete episode and previous episodes at www.toop.tv - and look out for Episode 80 live on Wednesday afternoon, 25 May.
Toop Real Estate Group
P: 08 8266 8801
M: 0417 875 126