The South Australian property market has been performing very well over the last 12 months, with property growth around 4.5% and median prices of $389 thousand and $300 thousand for houses and units respectively across the state. In the capital of culture, Adelaide, property prices have been following state trends, suggesting that property management will increase in quality and quantity accordingly. Famous opal mining town, Coober Pedy has been holding on to its investments, with only 9 houses being sold over the 12 month period.
Property management covers a vast array of dwellings, from sprawled vineyards in Barossa, to apartment complexes in Adelaide’s CBD, which makes choosing the role of property management very important. It’s important to note that property management is a big part of owning a property, and property managers are potentially going to be a long term business partner; it’s not just a single sale, so considering your agent carefully should be a high priority.
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