City of West Torrens - West & South-west Adelaide, SA
The Adelaide CBD is currently going through a multi-billion renaissance, fuelled by tourism and the international education sector, as new hotels and numerous student accommodation projects change the inner-city skyline.
Commercial vacancy rates are falling rapidly as large companies establish headquarters in the city and the State Government sets about preparing 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 driving demand for property in West Torrens; sales activity is rising in Brooklyn Park, Fulham, Kurralta Park, Marleston and Torrensville, spurring on the apartment market. Double-digit growth in unit median prices has been recorded in six suburbs over the last year.
With properties priced under $500,000 readily available, first-home buyers are making their presence felt and replacing the waning levels of foreign investors.
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