Property Valuation Services Adelaide

 

House Prices Adelaide - How to Value My Property

House price is crucial to a fast and successful house selling process. With this is being reallistic. Buying in a boom property market and selling in a down market can mean selling to a loss. On the flip side is selling in a high real estate market. Property sellers are usually rewarded with a listed price purchaser or higher. 

Things that can determine house prices.

External Factors

  • Interest Rates – higher interest rates tend to slow demand while low interest rates make it cheaper to buy property, in turn pushing up prices due to more buyers able to afford loans.

 

  • Migration and Immigration – higher interstate migration and overseas immigration will tend to put demand on house prices. More people in the property market wanting to purchase will drive up prices, while lower interstate migration or overseas immigration eases the demand of property, in turn easing house prices due to low demand.
  • Development– Higher levels of development in new properties tend to relieve pressure of competition to purchase existing properties.  

Internal Factors

  • Property Features– land size, number of bedrooms, bathrooms, age / era of your home will have a bearing on its value.

 

  • Property Location– position to services including public transport, shops, schools, hospitals, arterial roads or attractions can influence property value.

 

  • Property Position– river views, city views and secluded spots are additional components that may alter house prices.  

 

Consider these when setting your property's price. Our Educational Centre >>Property Valuation page offers a complimentary valuation tool plus options to assist you in establishing your property value.

 

 

 

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