Adelaide maintains the momentum it started to recover in the second half of 2019, as indicated by the results of the March 2020 ANZ / Property Council survey. of consumers in relation to the South African market is quite high, as are expectations for housing prices.
In fact, many investors are choosing Adelaide over former prominent actor Hobart when it comes to capital cities with growth potential over the next five years. Supply also appears to remain low, which, combined with the affordability of properties, could help increase demand.
The CoreLogic Home Value Index for December 2019 noted that it was the bottom quartile of the Adelaide market that attracted buyers, with prices increasing 1.9% on the market. 39; year.
"South Australia offers a quieter lifestyle and, due to a few key infrastructure projects, some areas are expected to grow," says data research specialist Dennis Wong estate agents at Real Estate Investar.
"Projects such as the Adelaide North-South Corridor will allow easier access and an increase in the number of jobs once the office building and retail spaces of the redevelopment of Adelaide Festival Plaza will be completed by 2022. "
A booming rental market, characterized by high yields and tight vacancy rates, supports infrastructure development initiatives.
"Rental yields in South Africa are much more attractive than in New South Wales and Victoria – SQM reported healthy vacancy rates for October 2019, with Adelaide at 0.8%, and this rate has been falling since its peak in November 2016 at 2.1% ”, Wong Reports.
"Rental conditions are attractive to investors in South Australia and much more affordable, with the median price of homes in the $ 400,000 range and the median unit price in the $ 300,000 range."
The domain rental report for the fourth quarter of 2019 adds that, over the year, rental rates for homes and units in Adelaide increased slightly. This means that in the past three years, property rents have increased by almost 10%, making Adelaide the third fastest growing rental market among capitals. It also suggests that this market is heating up.
With the improvement in the employment situation and the return of the population, SA is on track to realize the potential that investors are currently seeing.
SUBURB TO WATCH
ST AGNES: The units cannot overtake the houses
In addition to offering low median real estate prices of $ 405,675 for homes and just over $ 250,000 for units, the suburb of Sainte-Agnes in northeast Adelaide also offers Reasonable rental yields, at 4.7% and 5.4% for houses and units, respectively.
However, while the houses experienced a constant increase during the five years preceding December 2019, the units evolved in the opposite direction.
Homeowners represent more than 80% of the population of this suburb, many of whom are at retirement age. Nevertheless, there are several schools in the area for families with young children, such as St Agnes Primary School and Ardtornish Primary School.
Demographic: The owner-occupiers represent more than 80% of the population of Sainte-Agnès
Affordability: Homes and units are reasonably priced at around $ 400,000 and $ 250,000, respectively
Top suburbs:
melton
,
goulburn
,
tiwi
,
superior kedron
,
stafford hts
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in a property, it is important to make sure that you not only have the lowest available rate you can get, but
Just fill in a few details here below and we will then arrange a local mortgage broker to contact you and determine the features or types of loans that are right for you. Needs. We will even help you with the paperwork. In addition, an appointment is free.
We value your privacy and treat all of your information seriously – you can check
our privacy policy here
