Region not spared in national property downturn

May 18, 2023 8:48 am in by
Photo: Pexels

The Eyre Peninsula hasn’t been spared in the country’s property downturn, according to CoreLogic’s Regional Market Update.

In its latest report, the Port Lincoln council area recorded a drop in sales over the last 12 months, dropping 13.1 per cent, despite a 7.6 per cent increase in home values and a median value of $348,794.

The Whyalla council area fared better, recording a 22.5 per cent increase in sales, and a 9.6 per cent increase in home values, with a median value of $218,358.

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And in the Ceduna region, there has been no change in sales percentages over the past 12 months, with home values increasing 0.4 per cent and a median value of $240,730.