The cost of property in Adelaide has not risen because people are building larger houses, new figures suggest.
Contrary to popular belief, new data from the Australian Bureau of Statistics (ABS) indicates that while house prices have been increasing, property size has been falling compared to the regional average.
The cost of building a new house for those investing in Australian property is also close to the national average in the city, at AUS$1,047 (£579)/sq m.
Data shows that the average cost of a house in the Adelaide Statistical Division was AUS$77,671 (£43,000), slightly higher than the South Australian property average of $75,780.
However, both still appear good value for investors, being below the national average of AUS$90,000 (£49,829).
The findings are published in the same week that Master Builders Association executive director in Victoria Brian Welch told the Sydney Morning Herald that lending will be key to the housing market's recovery.
He explained that lenders will impose tougher conditions on the commercial sector in particular.
Contrary to popular belief, new data from the Australian Bureau of Statistics (ABS) indicates that while house prices have been increasing, property size has been falling compared to the regional average.
The cost of building a new house for those investing in Australian property is also close to the national average in the city, at AUS$1,047 (£579)/sq m.
Data shows that the average cost of a house in the Adelaide Statistical Division was AUS$77,671 (£43,000), slightly higher than the South Australian property average of $75,780.
However, both still appear good value for investors, being below the national average of AUS$90,000 (£49,829).
The findings are published in the same week that Master Builders Association executive director in Victoria Brian Welch told the Sydney Morning Herald that lending will be key to the housing market's recovery.
He explained that lenders will impose tougher conditions on the commercial sector in particular.
