Region not spared in national property downturn

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.

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.