City of Playford - Northern Suburbs of Adelaide, SA
Playford LGA is the fastest-growing local government area in South Australia and has one of Adelaide’s most active property markets, at a time when the Adelaide housing market overall has one of the busiest markets in capital city Australia.
BIS Oxford Economics has forecast that Adelaide house prices will grow the most of any capital city between now and 2021, with markets like Playford poised to benefit from the uplift.
The real estate market in this northern region of Adelaide is characterised by affordable housing, low vacancy rates and high rental yields.
Indeed, it offers the cheapest real estate in capital city Australia, as well as the highest rental yields among the major cities. This is supported by vacancy rates below 1%.
There is a high turnover of dwellings through home-buyers seeking affordable options close to major jobs nodes, as well as investors seeking low buy-in prices and high returns.
The property market is underpinned by the region’s strong industrial sector, its status as Adelaide’s leading sector for transport and logistics, and the presence of many significant jobs nodes, including the vast Edinburgh Defence facility.
The City of Playford report includes the suburbs Andrews Farm, Blakeview, Craigmore, Davoren Park, Elizabeth Downs, Elizabeth Park, Elizabeth Vale, Hillbank, Munno Para, Munno Para West and Smithfield Plains.