There is not even 12 months, Adelaide attracted very little attention for anything other than its economic difficulties and its failing labor market. Today, the City of Churches is the perfect example of the ease with which the tide can turn if it stands out from its peers as a result of the economic downturn that has affected the entire country. .
There is strong confidence in South Africa as CoreLogic's property value index for June 2019 identified Adelaide as the best performing capital in June 2019. During the quarter, when all capital cities saw Real estate down, Adelaide posted the smallest decline.
The research group also reported that in the past few months, Adelaide's business figure has been above its level and that market activity is greater than the average of the decade. In addition, in June, the regional AS was the only region, with the exception of Hobart, to record an increase in housing values.
"Adelaide should be given the nickname" BP – a silent performer "because unlike some of the other major capitals of the country, prices for real estate in Adelaide continue to grow," says Peter Koulizos, Program Director of the Master of Property. at the School of Architecture and Built Environment of the University of Adelaide.
"One of the main reasons is that there is a lot of infrastructure construction going on. There are major road and rail construction projects underway that employ skilled labor, both in the field and in the office. "
In addition to the road works, defense contracts won by Adelaide over the last few years are expected to attract highly qualified employees to the city because of the technical expertise required to work on these projects.
Adelaide is also recognized as the home of the largest biomedical center in the southern hemisphere, attracting medical researchers and practitioners to seek high paying positions. This availability of work is certainly an important factor in increasing real estate demand as the population grows and begins to require more living space.
"The highly qualified workforce needed will stimulate the economy and the real estate market, when they will all start looking for property to rent and buy," Koulizos predicts.
"It may not be one of the newspapers with double-digit growth, but its housing market will continue to strengthen."
SUBURB OF WATCH
MARDEN: Units are growing steadily
Adelaide being on the threshold of greatness, the surrounding suburb begins to follow. Marden, located about 15 minutes from the CBD, is certainly no exception, as its unit prices have been rising steadily since 2014. Their median value reached US $ 338,021 after a 5.5% increase over the previous year. from the last 12 months to June 2019.
The situation was different for the residential real estate market, where prices had fallen by 3.1% over the same period. Nevertheless, this market is also based on double-digit growth in recent years, so its potential remains high.
The locals are well served by an abundance of amenities in the area, including a local pool, churches and a shopping center.
Conveniences: The suburbs are home to sports facilities, churches and a shopping center
Location: Marden is located near the CBD of Adelaide
Top suburbs:
balga
,
Tiwi
,
Artarmon
,
Canterbury
,
sunshine
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