There are many reasons to buy property in Adelaide, and with price growth predicted to remain steady over the next three years and low interest rates available, it is more affordable than ever. With a range of suburbs in Adelaide presenting great growth opportunities for investment, here are some of the top performing areas for your consideration.
Home to one of Adelaide’s most notable high streets, King William Road, handy public transport options, a respected educational institute and a bustling hub of shops, cafes and retail, Hyde Park has everything you need to live comfortably. As of 2020, the median house price is $1.07 million, with median rent at $500/week.
Offering the perfect combination of rolling lawns and beach vistas, Henley Beach is a mix of aesthetics, and demographics. Chosen as a beautiful retirement location, as well as a place for Adelaide’s affluent to craft the home of their dreams, Henley Beach is a prime spot to invest in. Property prices in the past year have averaged out at $835,000 for houses, with a median rent at $520/week, and $360,000 for units, with a median rent at $330/week.
Nominated as Adelaide’s most affordable suburb within 5km of the CBD in 2014 – Beverley is widely loved. While we know 6 years has passed, the central location and growth performance of the suburb is still a big drawcard. Home to Titanium Security Arena, multiple bus routes, a primary school and a quaint selection of great restaurants, the area is ideal for those who want to invest in something close to the city. The median house price is $475,750 with median rent at $300/week.
Know as a spacious, family-friendly suburb, Prospect is north of the city centre and has plenty to offer for investment buyers. Serviced by a range of bus routes, the Islington railway station, a variety of restaurants, cafes and retail and speciality shops, as well primary and secondary schools, the area is the perfect place to invest, and watch your profit grow. The median house price for Prospect is $595,000, with median rent at $390/week.
Interested in what makes Adelaide so great? Read our blog: ‘Thinking of Buying in Adelaide?’.
Fid the Right Suburb for Your Investment
No matter where you choose to invest in Adelaide, it’s important that you get expert advice beforehand. Here at Instyle Property Management, we can discuss your options, and help match you with a suburb that suits your wants and needs.