00:02Helen Burns ditched the outskirts of Adelaide to move to the Coonawarra region back in April.
00:07The house itself is double the size of the house we had in the hills,
00:11so we really do feel like moving to Panola has been great value for our money.
00:17Likely more valuable than when they moved in.
00:20Data from Domain shows house prices in regional SA saw a quarterly rise of 6.3%,
00:26the steepest nationwide.
00:28That's as New South Wales, Queensland, WA and Tassie all saw their regional prices head south,
00:35and every capital city dropped over the same period.
00:38The RBA lifted interest rates to a 15-year high four weeks ago.
00:42The data doesn't capture what's happened so far in October,
00:45but agents say business has dried up.
00:48Probably the quietest in 28 years I've ever seen with lack of traffic coming through.
00:53The phone at this agency has stopped ringing.
00:56Very quiet at the moment.
00:58The median house price here in regional SA was just under $600,000.
01:03Still more than a million dollars cheaper than a house in Sydney.
01:06So when capital cities get just too expensive,
01:09you do see large numbers of people looking at regional housing markets as a more attractive option.
01:15Come November, if there's another interest rate rise,
01:17it's another level of pain for the buyers.
01:19A pain that could push mortgages up, but prices down.
01:23I'm hoping that perhaps prices will remain.
