Is Adelaide a good place to invest in property?
Adelaide is widely being heralded as a good place to invest in property. The City has significant infrastructure projects underway and slated for the future, along with a number of job creation initiatives being rolled out. Typically a city with moderate capital growth, Adelaide is widely tipped for upcoming property price increases, according to this ABC article and a recent RealEstate.com.au report.
How much does a house cost in Adelaide?
Adelaide property prices for both houses and units have been steadily increasing for much of the last decade.
As of June 2018, the median property price for a house in metropolitan Adelaide was $478,500 and the median price for a unit stands at $269,500 according to the Department of Treasury and Finance.
What are the best suburbs to live in Adelaide?
Adelaide is home to some absolutely fantastic suburbs. The areas often referred to as Adealide’s most livable include beachside locations such as Brighton, Henley Beach, Glenelg, Seacliff and Semaphore. Inner suburbs in close proximity to the CBD that are highly rated include Unley, Black Forrest, North Adelaide, Kensington and Stonyfell.
Is Adelaide growing?
Yes, in the last 20 years, annual population growth has ranged between 0.18% to 1.13% and is predicted to continue this rapid rate of growth. Adelaide has the lowest population growth rate of any Australian capital city, however it is still considered a rapid rate of population growth for a city in a developed nation.
The bulk of Adelaide’s growth in the last two decades has been in Northern areas such as Gawler, Golden Grove and Mawson Lakes, Southern suburbs, mainly Seaford and Adelaide Hills suburb, Mount Barker.