The Adelaide housing market remains the most underrated market in Australia despite its consistent performance over the past year and its positive outlook for 2020, according to the latest report from hotspotting.
Hotspotting real estate expert Terry Ryder said that one good thing about Adelaide is its consistency in terms of sales and price growth. In fact, more than two-thirds of the city's suburbs have reported price increases over the past year, with some even recording double-digit increases.
"We have often praised Canberra as the most consistent of capitals, but Adelaide is a serious challenger. She continues to provide good sales activity and above-average results on housing prices in specific markets", did he declare.
The suburbs of the middle market prevail over high-end locations as the growth leaders in the city. These suburbs have seen gains of more than 10% in the past year.
"Some of the cheaper areas have also performed well, which means there are high-growth pockets spread across various market sectors," said Ryder.
Port Adelaide Enfield is one of the areas that investors should consider. This suburb is expected to experience a job boom considering the construction of Australian Navy ships in the region.
Marion, a suburb of the middle market, is also poised to be a great place. Its price is attractive compared to certain suburbs of Melbourne and Sydney.
Another suburb to watch out for is Playford. Its low vacancy rates and affordable prices make it an ideal suburb for investors.
Salisbury is similar to Playford in terms of affordability. This suburb benefits from a good infrastructure and proximity to the main employment centers.
West Torrens should also be a bright spot given its unique position. This region is located between downtown Adelaide and the beaches. Houses in the area are inexpensive compared to its location and infrastructure.
Main suburbs:
Thebarton
,
Chermside
,
Keperra
,
collingwood
,
lambton north
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