Mon 22 Oct, 2018
The Best Suburbs to Invest in Adelaide Australia
Thanks to the speculations around a housing bubble crisis in cities like Sydney and Melbourne, Adelaide has often been overlooked by property investors. However, the South Australian city has seen several years of slow and steady growth. With real estate prices set to soar up to 9% this summer, it’s now Adelaide’s time to shine to property investors. In this month’s instalment, we’ll discuss some of the best suburbs to invest in Adelaide.
According to property research from LocationScore, certain suburbs in Adelaide are forecasted to enjoy an increase in demand in 2019. Three Adelaide suburbs even made it to the list of top 15 capital areas in the nation tipped for growth. Thanks to this prediction, could these really be the next promising suburbs to invest in Adelaide?
Remember, this article is not personal financial advice, nor is it to be interpreted as personal advice on where to invest in property. The purpose of this article is to give a general overview of which areas in Adelaide are experiencing growth and infrastructure developments, and what makes an area an attractive place to invest. It is important to conduct your own research when considering a property investment, paying particular attention to the benefits and risks involved.
What are the up-and-coming suburbs to invest in Adelaide?
Birkenhead, Adelaide
Perched just 13km northwest of the CBD, Birkenhead is enjoying rising interest from would-be buyers. Looking at online searches, interest is far outweighing supply, and vacancy rates in rentals are very low. Low stock does however mean investors need to move quickly to get a slice of this piping hot Adelaide suburb. Birkenhead is close to schools, amenities, historical Port Adelaide, beaches and universities. As a result, this Adelaide suburb has the capacity to attract tenants from far and wide.
O’Halloran Hill, Adelaide
Adelaide’s relative affordability is a big deciding factor for potential investors. Just 18km from the CBD and nestled on the hills south of the O’Halloran Hill Escarpment, O’Halloran Hill is yielding high interest. The suburbs’ rental yields are also incredibly strong. O’Halloran Hill also enjoys community, security and quiet, with easy transport access and plenty of local amenities. With an average house price at just $370,000, this could be the bang-for-buck growth zone investors have been looking for.
Reynella, Adelaide
Situated in Adelaide’s far-southern corridor around 20km from the CBD, Reynella is continuing to attract interest. With an average rental yield of 5.2% and a low vacancy rate, demand is high for this attractive opportunity. Thanks to its proximity to schools, Reynella is set to be one of the most promising suburbs to invest in Adelaide for those looking to accommodate a growing family. The strengthening market means investors will need to get in quickly to get the very most out of this growth tip off.
Crafers West, Adelaide
Revealed to be the nation’s third most-searched for suburb over the last quarter, Crafers West is turning heads. This sought-after suburb in the Adelaide Hills offers the perfect mix of city proximity and lush bushland living. Average house prices are currently at $640,500. However, as we approach the peak summer season, and with the forecasted growth, it’s anybody’s game.
Aldgate, Adelaide
Another sought-after pocket of the Adelaide Hills, Aldgate has established itself as a popular family suburb. According to real estate experts, movement to the hills appears to be on the rise in Adelaide. This could have something to do with its focus in community and laid-back atmosphere.
Looking to Finance your Adelaide Investment Property?
While choosing the best Adelaide suburb to invest in may be difficult, figuring out how to finance your investment property can be just as stressful. With Adelaide rising as the property dark horse of the nation, competition for these suburbs will only get more difficult. That’s why it’s important to have a financing strategy in place. For example, if you’re looking to purchase an investment property in one of these Adelaide suburbs, you can potentially use your superfund by setting up an SMSF.