Peta Doherty

Two families who bought newly built homes in suburban Adelaide say they are living a nightmare in properties that are filled with defects. The builder has been fined $75,000 after an investigation by the consumer watchdog. Master Builders SA says more needs to be done to monitor owner-builders. The dream of buying a home has become a nightmare for two families who were sold houses filled with defects, with the builder now facing tens of thousands of dollars in fines over the project.

; ; ; Continue reading More for You

After riding a post-COVID wave of booming prices, real estate agents say South Australia's housing market is starting to level out. Federal budget tax changes and rising interest rates have house-hunters feeling more hesitant, with expectations price growth could slow as a result. Adelaide real estate agent Tom Hector said interest rate rises in February and March, and especially the most recent one earlier this month, had resulted in much fewer people attending open inspections.