City of Playford - Northern Suburbs of Adelaide, SA
The property market in the City of Playford has a rising momentum, fuelled by a revitalised economy and affordability that appeals to first-home buyers and investors on a budget.
The former GMH car plant has been re-leased to numerous industrial and high-tech companies, creating 1,600 jobs and inspiring further economic confidence in South Australia’s fastest-growing LGA.
This is adding considerable impetus to this precinct, which has the state’s strongest population growth and some of the cheapest homes in capital city Australia.
The real estate market in this northern region of Adelaide is further characterised by low vacancy rates and high rental yields which are the highest among the major cities.
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 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.