Adelaide house prices down

THE Adelaide housing market remains the second most affordable in the country, according to figures released today.

In a dismal year for property owners, Adelaide median houses prices had dropped 4.5 per cent from $397,000 to $380,000 by June 2011 rp.data.com figures show.

The most affordable houses are in Hobart, which recorded the lowest median house price ($320,000) while Sydney ($500,000) had the highest.

SeeĀ http://www.adelaidenow.com.au/property/adelaide-house-prices-drop-45pc/story-e6frefdc-1226126472029

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