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December 2023 Property Update

December 8, 2023

The Christmas and New Year period is traditionally a time when real estate activity – like the rest of us – slows down and takes a break.

However, with a pool of pent-up buyers ready to pounce, Kite’s expecting to see more homes on the market in mid-January and early February as a result of this strong demand.

Leading into the new year, Adelaide’s market is still showing strong signs of resilience and has continued to outperform other states. Despite the tightening interest rate environment and economic uncertainties, the market remains buoyant, with median house prices in Adelaide increasing by 4.2% over the past three months.

The rental market has also continued to echo this growth, with weekly rents climbing and vacancy rates at all-time lows.

So whether you’re looking to buy, sell, rent or have your property managed in the new year, our team is here to help you make the most of this thriving real estate market.

If you have a home to sell or manage, call Kite today!

Get in touch with a property pro.