Wednesday, August 10, 2016

Adelaide Trend Setters

Trends are showing that Adelaide is becoming particularly popular especially for those looking
to invest in residential property. Living in Adelaide is affordable, and right now it is providing landlords with solid investment returns.
The question is where should you look to buy?

We believe there are two keys things to consider when looking at where to purchase: 

1.  Look at areas where new trends are emerging. This includes new coffee shops, new restaurants or other hubs of activity.
If there is talk of exciting places to try for dinner or shopping precincts, then this is a good sign that a trend is developing, which will ultimately flow through to the property market.

2.  Look at the fundamentals. How close is the CBD or the beach? Is there infrastructure in the area? Reviewing key indicators such as population growth and if there is future
plans for new development, will help map
out the anticipated locations of activity around Adelaide. 

Whilst there is no crystal ball, one thing is for certain. Savvy investors and developers do
their homework and when they get it right, the upside is huge! 

There is serious benefit from being 'in the know', particularly when purchasing property before prices rise, and then achieving uplift in rents when everyone else catches on. However, just like any fad by the time everyone is talking about a suburb, often it is too late. You become a late mover and wonder why it has become 'so expensive' to purchase in the area. 

So where are the savvy investors and
developers currently looking?

We are seeing an increase in activity in the Western corridor between the city and the beach. Suburbs such as Plympton and Findon are achieving solid rental returns and are showing positive signs for capital growth. Newly built or upgraded properties are achieving rents of $420 to $450 per week. Purely on location alone, these suburbs 'stack up' as tenants have both the city and the beach within arm's reach.

We are also hearing a lot about Torrensville as a result of its close proximity to shops and restaurants on Henley Beach Road. Currently there is hype about the inner West, fortunately there is still affordable property in the area, particularly in units.

Maylands is also a favourite being so close to the Parade in Norwood. It is a great location and doesn't attract the same price tag as its neighbouring suburbs.

Just like knowing where the hidden all-day parking spaces are, or the back streets that shave off 15 minutes drive time, there is a huge benefit to doing your homework. It will ensure you know the property 'hot spots' and keep you ahead of the trends. 

At Toop&Toop we love talking all things investment. If you would like to know more about the 'hot spots' in Adelaide to either purchase or invest, pop in or have a chat to our team today!

Suzannah Toop

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