Ray White Now | May 2022 | Page 16

REGIONAL SOUTH AUSTRALIA
South Australia saw the strongest economic growth of all states in 2021 and it was regional areas that did the heavy lifting . The biggest driver of this growth was agriculture , particularly bumper grain conditions . While particularly strong conditions in agriculture were a big driver , other components also drove property market conditions . Greater demand for holiday homes and greater flexibility in where people could live were part of it . Investors also flocked to regional South Australia with investment tripling over the past 12 months .
16