THERE are mixed results for Millicent and the regional South Australia housing market according to the latest data for the December quarter released by the Valuer-General.
A median house price of $260,000 was achieved for the 540 house sales across SA between October 1 and December 31.
Although slightly down from the previous quarter and the same period last year, industry figures view the data as being a strong result.
Real Estate Institute of South Australia president Alex Ouwens said it was important that sales volumes were up more than 10pc from the previous quarter and 15pc from the same quarter last year.
“It is great to see that sales volumes are significantly up in regional SA during the last quarter of 2017,” Mr Ouwens said.
“The regional market is a resilient market and I am delighted to see it doing well.”
Towns and regional cities which have seen the largest growth over a 12-month period are Renmark, Berri and Port Lincoln with increases of 41.1pc, 11.7pc and 10.8pc respectively.
Top selling suburbs in terms of recorded sales over the December quarter were Mount Gambier, Victor Harbor and Murray Bridge.
In Millicent, there were 15 houses changing hands in the December quarter with a median price of $145,000.
This was a decrease of two sales on the September quarter when the median price was $180,000.
The December quarter of 2016 in Millicent recorded 24 sales and a median price of $156,000.
Millicent Real Estate proprietor Valerie Jones said her firm had sold 12 residential properties at Millicent, Beachport and Southend in the December quarter of 2017.
Ms Jones said settlement on a further four properties sold during that time occurred in January.
“We are happy with this level of sales activity,” Ms Jones said.
“Prices in this period were firm for our office.
“The majority of our sales were newcomers to Millicent.
“The town has a good reputation for its weather, affordability and assured rainfall.”
