City of West Torrens - West & South-west Adelaide, SA
The West Torrens market has strength because of its relative affordability and its proximity to the Adelaide CBD, the location of the Royal Adelaide Hospital, the University of Adelaide and the Art Gallery of South Australia.
Adelaide is riding a wave of rising consumer confidence as numerous projects in tourism, the international education sector, hotels and student accommodation gain traction.
Commercial vacancy rates in the CBD are falling rapidly as large companies establish headquarters in the city and the State Government sets about creating a major innovation hub for defence, cyber security, artificial intelligence and space companies.
This brings benefits to the City of West Torrens because it joins the western boundary of the Adelaide CBD, allowing the two precincts to freely interact.
The construction boom in the CBD is helping to drive demand for property in West Torrens. With median house prices in the $500,000s and units below $400,000, first-home buyers are making their presence felt.
This report includes the suburbs of Brooklyn Park, Camden Park, Fulham, Glandore, Glenelg North, Kurralta Park, Lockleys, Marleston, Mile End, Novar Gardens, North Plympton, Plympton, Richmond, Torrensville, Underdale and West Beach.
The City of West Torrens was Hotspot of the Week on 12th March 2019