2021 has certainly been unpredictable for everyone, and what an amazingly strong year it has been in real estate! Over the past quarter, Adelaide price growth is up 6.5% compared to the national average of 4.4%, and we close out the year with more than 21% annual price growth. At OC we are moving into 2022 with gratitude and an incredible appreciation for everything our teams, our clients and our industry has achieved in 2021.
This year as a company Ouwens Casserly has sold more than 900 properties, close to $800 million dollars worth of property, at an average of $885,000. The highest sale price was $7 million, and we sold 8 properties over $3 million, 40 properties over $2 million, and more than 250 properties above $1million. We held over 1600 open inspections and 445 auctions, across 5 offices, thanks to our brilliant sales team.
Our projects team launched Adelaide’s most exciting and fastest selling apartment development Market Square, above the Adelaide Central Markets, along with several other fast-selling developments across Adelaide. A great effort by our team.
Our property management team have done a great job managing more than 1650 properties. The highest rent this year is $1,600 per week, and the average rent is $470 per week. The team leased approx. 600 new properties over the year, processed more than 6,000 applications and conducted over 1,300 open inspections. The most popular suburb of the year to rent has been the city of Adelaide, followed by Bowden. And that’s all thanks to hard-working property management team.
If you need to prepare for your next property move in 2022, read our latest blog for helpful advice – click here.
We refreshed our brand, transformed our digital including a brand new website, elevated our COO John Thompson to CEO, very lucky to have held some fantastic events including our 7th birthday as the OC brand with the team, continued to support our community by donating over $40k to various charities, received a 5/5 star rating on realestate.com.au and a 4.4/5 rating on Google – all thanks to our clients for making it happen.
What a year! From all of us here at Ouwens Casserly Real Estate, we wish you and your family a merry, safe and happy festive season and we look forward to seeing you again in 2022.