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Adelaide remains a consistent property market … with more potential

The enduring stability that characterizes the Adelaide market remains evident, as most recent surveys of market trends in this city reveals active markets and rising property prices in the majority of suburbs across the South Australian capital. Consistency is the defining hallmark of the Adelaide market. And what’s not to love about that?

While there are relatively few suburbs in Adelaide classified as experiencing a rise in market activity, there is a significant number of suburbs demonstrating consistency, with sales levels maintaining a steady course over the past few years. In aggregate, seven out of 10 suburbs boast positive rankings, marking one of the highest rates in the nation, according to

Several key factors underpin the sustained demand in the Adelaide market. 

Firstly, South Australia stands out as one of the nation’s most robust economies, thriving on technological and alternative energy innovations, as well as serving as a pivotal hub for education and the Defense industry. Affordability is another major contributor, with Adelaide remaining considerably more cost-effective than Sydney, Melbourne, Brisbane, or Canberra, with homes priced at approximately half the rate of Sydney’s. Notably, Adelaide and Perth are the sole Australian capital cities where a robust supply of houses in the $300,000s and $400,000s can still be found.

A third crucial factor is that resilience and reliability of the Adelaide market. In 2022, while prices experienced a general decline in larger cities, Adelaide maintained its growth trajectory. This consistent performance has persisted into 2023. According to CoreLogic, in the first nine months of this year, the median house price in Adelaide increased by 5.3%, and the median unit price saw a 6.1% rise, surpassing the national average. Adelaide also boasts one of the tightest rental markets in the nation, with a vacancy rate of 0.5%, less than half the national average of 1.1%, leading to a more than 10% increase in residential rents over the past 12 months.

The City of Gawler

Gawler’s real estate landscape is experiencing rapid growth, propelled by recent land developments and the completion of the Northern Connector motorway, seamlessly linking it to Adelaide’s CBD. Positioned as a future urban growth area, the city is witnessing an upswing in first-home buyers and new residents.  Balancing country charm with suburban convenience, Gawler presents affordable housing options, with certain areas priced even below the Adelaide median. The recent improvements of the train line, coupled with planned residential developments and town centres, will further elevate connectivity, addressing the anticipated population surge of 16,000 over the next decade. The region’s robust rental demand and minimal vacancy rates are energizing the real estate market, positioning Gawler as an appealing choice, boasting median house prices ranging from $400,000 to $655,000. Moreover, its strategic location as a gateway to the renowned Barossa Valley adds an extra layer of allure, making it a highly desirable place to call home.

The City of Salisbury

Salisbury has undergone a surge in medium-scale construction projects, defying the adverse effects of the Covid pandemic and creating numerous employment opportunities. Despite the global health crisis, property prices have recorded double-digit growth, with certain suburbs experiencing annual increases of up to 20%. Additionally, the area has garnered substantial government investment exceeding $4 billion, primarily directed towards defence projects, and is host to various industrial and manufacturing parks.

The ongoing construction of the $1.9 billion Edinburgh Parks Industrial Precinct, situated adjacent to the Edinburgh Defence Precinct, is a significant development drawing major companies in industries like aerospace, cybersecurity, and food and beverage manufacturing. This influx of businesses not only enhances employment prospects but also stimulates growth in the property market.

The region’s predominantly lower-priced properties have demonstrated robust long-term growth, driven by high demand, resulting in exceptionally low vacancy rates and an upward trajectory in rents and rental yields. The combination of affordable prices and a thriving market environment presents appealing opportunities for entry-level investors.

The City of Marion

Investment prospects in the City of Marion, South Australia, are promising, given its robust economy, cost-effective housing options, and strategic location offering a convenient 15 to 30-minute commute to Adelaide’s CBD. A recent infusion of $1 billion in private investment has driven the transformation of the Tonsley Innovation District into a vibrant technology and innovation hub. This district, repurposed from the former Mitsubishi Motors assembly plant, now hosts 30 research, technology, and science start-ups, along with a teaching hospital and university campus.

In a bid to further elevate the area’s potential, a $1.5 billion educational and hospitality village is underway at Flinders University. The area also boasts affordable housing options, with several suburbs presenting properties priced in the mid $600,000s. Noteworthy transport projects are also contributing to the region’s expansion, generating employment opportunities and fuelling demand in the property sector. With a robust demand for properties and declining vacancy rates, the City of Marion stands out as a formidable player in South Australia’s property market.

The City of Playford

The northern region of Adelaide has emerged as a rapidly growing focal point for property investments. Fuelled by a growing economy and affordable housing choices, the area is drawing interest from both first-time home buyers and investors on a budget. Notably, Playford and its neighbouring Salisbury consistently rank among the top 10 municipalities in Australia for market activity. The key catalyst propelling this growth is infrastructure investments, as well as the RAAF Base in Edinburgh, injecting substantial funds into the local economy through technology, equipment. The inauguration of the Northern Connector motorway in 2020 has further amplified this momentum, enhancing trade, business prospects, and employment opportunities.

Playford features a robust industrial sector, with transport and logistics playing a prominent role. Significant employment activity centres, including the expansive Edinburgh Defence Force facility, contribute to the area’s economic strength. A tangible illustration of this progress is the ongoing development of Riverlea, a master-planned residential community anticipated to generate 10,000 jobs. Such initiatives, combined with other development projects, significantly bolster the region’s robust population growth and the accessibility of affordable housing.

Despite notable price increases, Playford continues to offer some of the most budget-friendly homes among Australian capital cities. The property market in this area boasts exceptionally low vacancy rates and high rental yields, making it an enticing prospect for investors. In summary, the Playford LGA stands as a thriving centre of economic activity and represents an ideal locale for those considering property investments.

Adelaide continues to stand out as one of Australia’s most robust markets, with a consistent performance as its defining characteristic.


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