Greater Adelaide
Buy
Rent
Yield
2BR
3BR
4BR
5BR
2BR
3BR
4BR
5BR
2BR
3BR
4BR
5BR
Buy
Rent
Yield
1BR
2BR
3BR
1BR
2BR
3BR
1BR
2BR
3BR
Good to know:
There is no doubt that Adelaide is a great place to invest in property. The cost of living is relatively low, and the city has a strong economy with a diverse range of industries. Furthermore, the population of Adelaide is growing, which is good news for local property market.
Read More
There are several great suburbs in Adelaide where you can invest in property. These suburbs offer a great mix of affordability and convenience, and they are all located close to the city centre.
If you are looking for an investment property in Adelaide, it is important to do your research. Understand what the current market is like, and be sure to assess the property market for capital growth.
It is also important to think about your long-term plans for the property. Will you be using it as a rental property, or do you plan to eventually sell it? Not all areas in Adelaide are equal. There are real estate markets within the broader market.
The city’s strong economy, affordable prices and excellent lifestyle amenities are attracting more and more people to move to Adelaide. This is driving strong demand for property in the city, with properties selling quickly and prices continuing to rise.
Adelaide is a city with a great deal of opportunity. There are a number of universities and other institutions of learning, as well as a strong economy and a range of cultural and recreational opportunities.
Adelaide has a high level of educational attainment. More Adelaide residents aged 15 years or older have a bachelor’s degree or higher, compared with the national average.
Overall, Adelaide is a prosperous city with a diverse population. The unemployment rate is lower than the national average, and the median household income is higher than the national median
However, there is a large disparity in income between the richest and poorest households. The richest 20% of households earn more than six times as much as the poorest 20% of households.
Read Less
Market Trends
Essential metrics effectively streamline the process of identifying markets that match your financial situation and investment objectives. Typical Price, Indicative Yield and Total ROI provide a swift means to shortlist areas that resonate with what you’re seeking and can afford. These metrics also serve as valuable general trend indicators, allowing you to visualise transaction volumes and dynamics of change.
1M
1Q
1Y
3Y
5Y
7Y
10Y
1M
1Q
1Y
3Y
5Y
7Y
10Y
1M
1Q
1Y
3Y
5Y
7Y
10Y
Growth pattern deviation measures the departure of recent market trends from the long-term growth patterns within the LGA. Negative values indicate that the recent growth is below the long-term trend, conversely, positive values signal that recent growth exceeds the historical average.
Fundamental metrics play a vital role in providing a comprehensive analysis of the socio-economic environment within a specific suburb or region. Additionally, the Return on Investment (ROI) and Volatility Index are crucial metrics that aid in evaluating the prospective profitability and the level of risk or stability in the market.
Stock on Market
Building Approvals
Inventory
Hold Period
Supply metrics are crucial in gauging both the existing volumes of real estate listed for sale and the properties anticipated to enter the market soon. A diminished supply could signal opportunities for price appreciation, particularly when there’s corresponding buyer demand to buoy the market. The Stock on Market and Inventory level metrics (current values) are presented as a 3-month rolling average of monthly data shown in the charts. This means the last 3 months of data are averaged. The BA Ratio represents the proportion of building approvals over the latest 12 months relative to the total dwellings in the area.
Days on Market
Search Index
Vacancy Rate
Clearance Rate
Demand metrics underscore the level of interest that potential property buyers or tenants have in a specific suburb or locality. When demand outstrips the available supply, or if the supply fails to meet the intensity of buyer/renter interest, there’s a potential for prices to climb, underscoring the pivotal relationship between demand dynamics and property value trends. The Days on Market and Clearance Rate metrics (current values) are presented as a 3-month rolling average of monthly data shown in the charts. This means the last 3 months of data are averaged.
We invite you to contribute to the conversation by sharing your thoughts or raising questions about this market in the comment section below.
The Ever-Consistent Adelaide Market Set to Grow
Adelaide has long been considered one of the most steady markets in the country. While Adelaide house prices might never really boom as we see in Sydney or Melbourne, they also don’t bust – which makes the city a very enticing proposition for investors looking for steady growth opportunities.
In fact, according to the HtAG forecasts, the Adelaide market could see its median house price grow from where it currently sits at $555,000 to $567,000 by Q1 2022. As we can see from the history of median house prices in Adelaide, property has been a very steady investment and it appears that is set to continue going forward.
Adelaide – Median House Price
Based on the chart above that tracks the Adelaide median house price, there have not been any major price corrections in more than a decade. During that same period of time, other markets such as Sydney and Melbourne, grew sharply from 2014-2017, before falling away and now stagnating. Adelaide has seen consistent year on year growth and overall, is arguably one of the most robust markets in the country.
Growth Rate Cycle – Adelaide Council Areas (LGAs)
That said, like all markets, there are multiple smaller markets within the city and as we’ll see it is possible to find some very strong performing suburbs, that on the surface have limited downside risk thanks to a very stable city-wide housing market. While 2020 is a year that has seen considerable headwinds, those have not translated into volatility in the Adelaide property market. In fact, all the LGAs within and surrounding Adelaide have seen levels of growth that range between -1% and +5%.
As has been the case across the country, a number of suburbs have performed well, while the inner city CBD markets have been marginally weaker. However, when we break down the last 12 months to a suburb level, we can see that there have been some incredibly strong performers.
Gawler 5118 +17.03%
Gawler has not only been one of the top-performing suburbs in the state and over the last 12 months, but it is also one of the best performed in the country. The median house price has risen by 17.03% to $414,000 with medium confidence. However, as we can see prices have been volatile and this can sometimes be a reflection of the total number of sales that have taken place – which was 5 in this case. It’s a similar story with the current growth cycle where we can see that prices fell away post-2017, before rebounding strongly. The analysis suggests that house prices in Gawler are currently at their peak. The data is assessed as medium confidence due to the low number of sales in the suburb. To access the latest HtAG forecasts with high confidence, subscribe on the Professional Plan.
Sefton Park 5083 +11.88%
Sefton Park is another one of the top-performing suburbs in Adelaide and over the last 12 months, the median house price has risen by 11.88% to $716,000 with medium confidence. While the median house price has seen dips in 2016 and 2018, the trend has generally always been higher and any falls have been opportunities to buy. In terms of the growth rate cycle, Sefton Park is assessed as being at its peak with medium confidence and will fall from current levels, but remain positive.
Clarence Park 5083 +10.55%
Clarence Park is another higher priced suburb in Adelaide and over the last 12 months, the median house price has risen by 10.55% to $808,000 with medium confidence, based on 5 sales. As we can see on the chart, the median house price has seen consistent growth over many years with only small falls, however, these are exacerbated by lower sales volumes. In terms of the growth cycle, Clarence Park is also at the peak of its cycle and will likely slow down in the coming 12 months according to HtAG forecasts, with a medium level of confidence. To see suburbs with strong growth potential with high confidence, subscribe on the Professional Plan.
Adelaide’s Next Growth Suburbs
As we’ve seen, despite the fact that Adelaide’s market is very consistent, there are still many suburbs that represent strong buying opportunities. There are currently a number of suburbs that are expected to see double-digit growth over the next two years according to HtAG forecasts.
Maslin Beach 5170 +15.97% Forecast Growth
Maslin Beach looks like it is getting set for a strong 24 months, with growth of 15.97% predicted with medium confidence according to HtAG forecasts, which would take the median price to $589,000. Maslin Beach has been a strong consistent suburb for a long time and it appears to be on the cusp of another growth cycle. Maslin Beach appears to be a rising market as assessed by HtAG and could see double-digit growth in 2021.
Chandlers Hill 5159 +12.69% Forecast Growth
Chandlers Hill has had a poor 12 months, however, that appears set to change, with growth predicted of 12.69% with medium confidence according to HtAG forecasts for the next 24 months. Chandlers Hill is assessed as being at the bottom of the market and the forecast growth could see the median price grow to $764,000 by Q3 2022.
Norwood 5067 +9.91% Forecast Growth
Norwood is coming off a strong 12 months and it looks like that growth could continue into next year with HtAG predicting the median house price to increase by 9.91% to $922,000 with medium confidence over the next 24 months. Over the past 12 months, Norwood has grown by 4.43% based on 13 sales and appears on track for a strong period of performance. Norwood has long been a very steady performer which mirrors the broader consistency in the Adelaide market. HtAG has assessed the Norwood market as rising with medium confidence, which indicates it could be a good time to look a little close at houses in Norwood. Norwood has barely had a year where prices grew by less than 3% in the last decade.
Conclusion
As we’ve seen, Adelaide is a market that while on the surface appears slow and steady, when you dig a little deeper, presents a host of opportunities for outperformance. While many investors are concerned with world events and the state of the economy, the Adelaide housing market continues to be a good option for those seeking safety and consistent price appreciation.
Adelaide is the capital of South Australia and is the fifth largest city in the country. A major transportation and commercial hub, Adelaide has a population of over 1.3 million people.
Adelaide is one of the most economically diverse cities in Australia. The city’s economy is based around manufacturing, defence, information technology, biotechnology, tourism and retail trade.
The manufacturing sector is the largest contributor to Adelaide’s economy, accounting for a significant portion of the GDP. The defence sector is also a major contributor to the city’s economy, employing thousands of people and generating billions of dollars in revenue.
The retail trade sector is also a major contributor to Adelaide’s economy. The city is home to a number of major retail outlets, including Westfield Marion, Rundle Mall and the Adelaide Central Market. The retail trade sector is a key part of Adelaide’s economy and is expected to grow further in the coming years.
Overall, Adelaide’s economy is performing well, with steady growth in key sectors. The city is an attractive destination for businesses and investors, and is poised for strong growth in the years ahead.