According to a recent Herron Todd White residential report the South Australian property market is being driven by two major factors, interest rate movements and political elections.
A rate reduction could be the helping hand for first home buyers wanting to enter the market whereas an increase may push an investor to start selling. Pre-election market activity can be sluggish with uncertainty of opposing parties and promises, whereas with post-election the market has the goals and promises in effect with certainty and stability behind it.
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This is a brief summary of the article ‘Adelaide property market continues to be driven by interest rate and political elections: HTW residential’ by a staff reporter | Property Observer | Saturday 25th May.