Local News

BARMERA HOUSE PRICES ON THE RISE 

rsz barmera foreshore from sky 1

A new property insights report has listed one Riverland town with the property sales ramping up, rather than going down.

Research commissioned by Well Money identified Barmera as a market seeing the average days on market drop in the past month.

The median house price for Barmera also increased between April and July by 8.3% to $314,000.

Well Money (formerly Well Home Loans) CEO Scott Spencer said the latest Well Money Green Shoots Report has identified housing markets that are bucking the downturn trend, adding “When days on market are falling, it suggests demand is increasing relative to supply”.

Mr Spencer added “When inventory levels are falling in a location, that’s a clear sign the pendulum is moving in the direction of vendors, because stock levels are declining,”

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