Reality shows results point to a brighter property outlook
The Block reality show is a highlight for the Property Market. Following last year’s results where the total winnings were $225,000 – this year’s total $1,843,000 – that is a difference of $1,618,000 or 79% higher with an average of $466,000 per couple.
There is no doubt the result was reflecting the better consumer confidence out there. This was further evidenced by RP Data’s statistics released yesterday for the month of June showing capital city home values rose by 1% across Australia.
Although Adelaide showed a -1.1% it is a pleasing result compared to other capital cities over the last 12 months and with activity continuing to trend up it’s looking very positive for the upcoming Spring/Summer sales.