The South Australian property market has been exceeding expectations over the last 12 months, with growth around 4.5% and median price for houses and units reaching $389,000 and $300,000 respectively across the state. In the trendy capital, Adelaide, property prices have been following the state averages, hinting that real estate fees may lessen to keep up with the rising property prices. Amongst the rolling hills and grape vines, inland town Clare has been a hot ticket, with 97 houses selling over the year long period.
The market regarding real estate agent fees is unregulated in South Australia, giving agents the chance to charge as much as the free market values their service. Spread onto the Nullarbor Plains, Border Village to the west is likely to see higher real estate fees, due, in part, to relatively low property prices and fewer agents to compete with one another, causing them to raise the fee to increase the chance of a viable sale.
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