The Adelaide property market is expected to be very busy this year, as strong confidence and historically low interest rates encourage more buyers, according to a prediction from Raine & Horne Australia.
Over the past year, Adelaide has managed to report 5% price growth despite the impacts of the COVID-19 outbreak on the real estate market.
James Trimble, managing director of Raine & Horne in South Australia, said robust market conditions in the city and across the state are likely to continue until early April. He said the inner ring suburbs and the Adelaide Hills would be the hot spots in South Australia's capital.
"With more people now able to work from home due to COVID, owning a family home in the Hills District is much more appealing to those looking for value and who just need money. get to town for two to three days, "he says.
Beach suburbs like Glenelg, Seacliff, Brighton, West Beach, Henley and Grange are also expected to be popular.
Trimble said reopening state borders will help stimulate demand for homes in Adelaide.
“Some people living in Sydney, Melbourne and Brisbane will recognize the affordability of real estate in Adelaide and move here to enjoy our lifestyle and be mortgage free,” he said. "Likewise, we would expect South Australians who have ridden the wave of interstate ownership to return to their native state as well."
Top suburbs:
Wentworthville
,
Mayfield
,
campsie
,
alderley
,
st peters
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