Top 5 Adelaide Hotspots

Introducing the must-have report for any savvy real estate investor or homebuyer – the Top 5 Adelaide Hotspots for 2024!

South Australia’s economy has been going from strength to strength, with the state topping the quarterly CommSec State of the State report not just once, but twice in a row. With a booming job market and strong growth in construction and housing, Adelaide is proving to be a top contender in the Australian property market.

In fact, our data shows that Adelaide experienced an impressive 14.3% increase in median house values in the year to April 30, 2024 – second only to Perth. And with a median house value of just $750,000 (almost $400,000 below that of Sydney), buyers are sure to get more bang for their buck in this market.

Investors should also take note of the tight vacancy rates, with most locations sitting at 0% or below 1%. This has resulted in rising rental prices, with 83% of Adelaide suburbs seeing rent increases of more than 10% in the past 12 months. SQM Research data shows that Adelaide’s vacancy rate sits at just 0.6% (equal to Perth), compared with Sydney (1.2%), Brisbane (1%) and Melbourne (1.1%).

But perhaps the most exciting thing helping push the Adelaide property market further is the level of infrastructure spending. The city continues to invest steadily in infrastructure improvements, notably the road network and rail links, as well as medical and education infrastructure.

Money continues to be invested in the Edinburgh Defence precinct, major IT enterprises and big commercial-industrial precincts. Job creation leads to further demand for housing and demand for housing inevitably leads to price growth.

Don’t miss your chance to tap into Adelaide’s booming real estate market and grab a copy of the Top 5 Adelaide Hotspots Today!

About the report:

The Top 5 Adelaide Hotspots report reveals the five top LGAs or locations in Greater Adelaide where the property market is outperforming and has all the fundamentals in place for continued strong growth.

The report details the demographics of each location, including homeownership, population growth, employment by industry and household composition and provides an analysis of the economy and amenities in each location.

It profiles the property market with detailed tables on median house and unit prices, short-term and long-term growth performance, vacancy rates, rents and yields.

It also outlines the future prospects and development pipeline of each location, where the infrastructure spending is and future job nodes.

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