Hotspotting Podcast | Episode 84 - Everyone Likes Adelaide - Except Investors

Posted on 12/03/2019  
Hotspotting Podcast | Episode 84 - Everyone Likes Adelaide - Except Investors

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Investors will be piling into the Adelaide market – just as soon as they read somewhere that there’s a boom in the South Australia capital.

But not before. The only constant in the residential property market is that the herd mentality drives the actions of buyers and sellers. 

Adelaide right now is a strong value-for-money proposition, with one of the steadiest and most consistent markets in capital city Australia, underpinned by an economy that the experts have recognised as one of the nation’s best.

But investors generally refuse to consider it. Adelaide flies under the radar screen, with many people clinging to the outdated notion that Adelaide and SA is a low-growth sort of place.

But the experts know better.

Here’s a snapshot of what some have said recently:

“South Australia’s economy was the standout of all states and territories in the last three months of 2018, with strong house prices and positive employment momentum boding well for the future.” – ANZ Stateometer report

"Residential property capital values in South Australia had their fastest rise for six years in the last financial year." - SA Property Landscape report from Land Services SA

"Business confidence in SA is now at levels not seen in more than 10 years." - Business SA-William Buck Survey of Business Expectations

"South Australia remains home to the most confident property sector in the country,  buoyed by tax cuts and positive economic announcements. It is the fourth consecutive quarter that confidence in the state's property industry has topped the country." - ANZ / Property Council Survey's Statewide Index

"All the economic indicators are suggesting that Adelaide is going to experience a very buoyant 2019." - Broadway Property director Ben Heritage

Read my full article in the latest edition of Property Observer.

Get ahead of the herd and find the best areas to invest in Adelaide in the latest edition of the Top 5 Adelaide Hotspots 2019

 

 

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