CONSISTENT ADELAIDE SET TO THRIVE IN POST-VIRUS RECOVERY PHASE
Top 5 Adelaide Hotspots
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Adelaide entered the virus shutdown with more suburbs with rising momentum than Sydney. That fact alone says something powerful about the nation’s most under-rated capital city market.
Sydney has been a rising market, with a marked increase in the number of suburbs with upward momentum in late 2019/early 2020, but Adelaide has done better.
Here’s what we said about Adelaide in the Price Predictor Index published six months ago: “Adelaide is the standout market in capital city Australia. Its consistency of sales performance is remarkable and two-thirds of its suburbs have had price growth in the past year, led by double-digit rises in top-end markets.
“Adelaide is undoubtedly Australia’s most under-rated market.”
In our latest quarterly survey of sales activity and prices, Adelaide delivered results that added to its reputation. In the Autumn 2020 survey we identified 69 suburbs with rising sales activity, the second highest tally in the five years we have been conducting this quarterly research. And, unlike other cities, it had none classified as declining or danger markets.
Find out the best areas for growth in our latest Top 5 Adelaide Hotspots 2020 report.