THE median property sale price for the South Australian regional property market has risen to $454,000, according to the Real Estate Institute of SA.

Following the release of the Valuer-General’s price data for the December 2024 quarter, REISA chief executive Andrea Heading said the median price had increased by 5.58 per cent from the previous quarter and 14.94 per cent from the same quarter last year.

“This is an amazing result for the SA regional real estate market and a testament to the fact that purchasers are entering the market and buying premium properties across the board,” Ms Heading said.

While these results are positive for vendors, Ms Heading acknowledged concerns for purchasers in regional SA.

“A real estate market should be reasonably accessible to all, and while we, as the peak organisation for real estate in SA, celebrate its continued success, we must also be mindful of those left behind,” she said.

“We call on the state government to continue its strategy of increasing housing supply while also committing to a thorough review of inefficient taxes such as stamp duty and land tax, and the provision of incentives that could be more readily accessible for first home buyers.”

Ms Heading said that, despite the ongoing low supply of housing stock and high interest rates, SA’s regional real estate market remained strong.

“However, as the economic outlook improves in 2025 and the government progresses with its housing initiatives, we hope to see increased affordability in the real estate market,” she said.