2019 welcomes investors back into the Adelaide market, due to a variety of compelling reasons that are turning heads as far away as Sydney and Melbourne. Interstate investors seeking new markets and good value in capital cities are excited by Adelaide’s steady market conditions. “A number of economists at the moment are saying if you’re investing, you should be putting your money across into the South Australian marketplace,” Real Estate Institute of SA president Brett Roenfeldt told Realestate.com.au in February.
By the end of last year, Sydney house and unit prices had made their steepest annual fall in over two decades; by contrast, Adelaide median house value soared to record highs, sending a clear message to the rest of the country that SA is still the most affordable state and a great place to invest. What’s more, NAB predicts Adelaide will see one of the most solid house price growths in coming months, continuing a sustainable pace of capital gains.
Property investment in Adelaide is also more attractive than ever due to 2019’s large infrastructure spends. Adelaide will soon be the new home of a skyline-shaping $551 million City Deal, the Australian Space Agency and a $50 billion Navy submarines contract. Employment growth has also been fuelled by the opening of the $2.4 billion Royal Adelaide hospital and Lionsgate’s announcement that they will be adding another 1,200 jobs to the former Holden site.
Generation Y buyers and downsizers searching for retirement investments are gravitating to cosmopolitan areas such as Norwood, which has been ranked one of Adelaide’s Top 10 most in-demand suburbs. Buildtec’s upcoming Norwood Green project are offering Torrens titled townhouses from just $620,000, attractively located near public transport, school zones and the new Aldi supermarket. Meanwhile, Hectorville – which has enjoyed a 66 per cent median price growth in housing units in the past 15 years – also offers smart options to investors thanks to Buildtec’s modern townhomes constructed only metres from beautiful Aysgarth Avenue Reserve.
Parent investors, looking at school catchment areas that will provide access to quality public secondary education, are also well-catered to by Buildtec’s offerings. As smart-thinking property developers, Buildtec Group have wisely created modern living options in some of SA’s top high school zones, such as the spectacular apartment complex 354 Bowden, only four kilometres from Adelaide Botanic High. Bowden is a long-term investment opportunity for those looking to buy close to the CBD, and Buildtec enables its buyers to invest from as little as $50 per week.
With the ALP suggesting that a Federal Election win will allow only new properties to be negatively geared, a small boom in the real estate market is expected to take place during the next sixth months before the January 1 deadline. If you’ve been considering an Adelaide property investment, there’s no doubt now is an excellent time to take action.
For more affordable living options in prestige Adelaide locations, and to find out how you can invest for as little as $50 per week, visit www.buildtec.com.au/invest.