Housing values across the Eyre Peninsula are booming.
CoreLogic’s latest Regional Market Update shows Port Lincoln home values have grown by 14 per cent in the past year – the strongest annual growth in regional South Australia.
Port Lincoln was also the state’s strongest rental market across the past three months and twelve months, with rents up 5.6 per cent and 16.4 per cent respectively.
Economist Kaitlyn Ezzy says low supply and high demand is driving people to our region, which has increased prices.
“We could potentially see some renters start to re-evaluate their living circumstances and shift their demand towards more shared households, which would reduce demand and take some heat out of that rental market, but at the moment we haven’t seen much evidence of that across regional South Australia,” Ezzy says.
