City of Charles Sturt, Western Adelaide, SA
With the 2019 launch of the the $3.6 billion Adelaide BioMed City, Adelaide is now recognised for having one of the largest health and life sciences precincts in the Southern Hemisphere.
Comprised of the $2 billion Royal Adelaide Hospital and two universities clustered around the western end of the CBD and Bowden, the medical precinct has plenty to offer in the way of employment.
This is accompanied by several large-scale urban renewal developments set to deliver around 6,000 new dwellings and significant improvements to transport links.
The Charles Sturt property market has been a consistently solid performer in the last three years, delivering double-digit growth in three suburbs over the last 12 months and maintaining low vacancies for the last five years.
This combination of good employment prospects, price growth and low vacancies presents opportunities for investors.
This report includes the suburbs of Albert Park, Cheltenham, Findon, Flinders Park, Fulham Gardens, Grange, Henley Beach, Henley Beach South, Seaton, Semaphore Park and West Lakes.
The City of Charles Sturt was Hotspot of the Week on 9 July 2019