Low-growth suburbs: Behind the slump
Property values in some areas didn’t quite keep pace with inflation over the past five years
14 December 2017 - 05:56
While property experts have reported marginal price growth in many areas this year, amid mounting financial woes for households, the longer-term picture looks rosier. There isn’t a single suburb in any of SA’s four major metros where the average house is now worth less than it was five years ago (in nominal terms). Lightstone’s figures show even the lowest-growth suburbs showed cumulative price increases of 22%-29% for the five years to June (see table).
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