In today’s competitive markets, it takes more than cash to find a good investment deal. Investors have been receiving great returns in Sydney and Melbourne over the past few years, but here, our experts offer tips for a relatively untapped gem: The South Australian Capital city of Adelaide.
“The standout market for me at the moment is Adelaide. The South Australian capital has more forward momentum than most of the capital cities. Given that this has not yet translated into major price growth, it represents an opportunity for investors.’ – Terry Ryder, Property Observer, July 2014
If you’re looking to buy that dream property investment, you could quickly find yourself in a horse race against global buyers who are willing and able to pay cash. So how do you get an edge on the competition? Here are 6 reasons why a property investment in Adelaide might be your best bet:
- Urban Amenities
The city of Adelaide has the right high quality of urban amenities that property investors should be on the lookout for, including transportation, education, shopping/retail, social connectivity, parklands and restaurants. $3.2b has been invested in the New Royal Adelaide Hospital (Completion 2016), and $350m in the Convention Centre Redevelopment (Completion 2015-17).
- Low Vacancy
Adelaide has a relatively lower vacancy rate compared to cities like Sydney, Melbourne, Brisbane and Perth (SQM Nov 2014)
- Better Value
Adelaide’s median value units are selling for $281,500 cheaper than in Sydney and $150,500 cheaper than in Melbourne. (Residex Nov 2014)
City amenities within walking distances, Heritage parklands, universities, Rundle Mall shopping precinct, cafe’s and restaurants. $350m has been invested in Adelaide Casino Expansion (Estimated Completion 2015), $30m Rundle Mall Upgrade, and the city council has launched the largest free outdoor Public Wifi in Australia.
- Rental Yield
Better rental yields than in Sydney, Melbourne or Perth. (Residex November 2014)
An opportunity to afford a luxury CBD lifestyle at prices more affordable than all the east coast capital cities.
$105m Residential Development To Transform Adelaide
We couldn’t recommend enough the city of Adelaide without inviting our readers to access a unique pre-retail opportunity, available for early bird investors only through us, and only till mid-end of August 2015:
A $105m Residential Development with lush 22 meter hanging vertical gardens, positive numbers, moderate capital growth from start and easy holding; potential to leverage in the short term and do phenomenaly well in the long term.
And 3 more reasons to invest in this project:
- Location– Highly sought-after CBD location, providing a luxurious and connected lifestyle to a range of amenities in the CBD.
- Park-side Living – Only the best park-side living, picturesque walks, luxury shopping precincts and gourmet dining, a corner site overlooking Whitmore Sqaure
- Own Occ. Appeal – Designed to attract owner occupiers & investors a key aspect for long term capital growth and resale of your investment.