Adelaide is becoming the number one place for investment property in Australia. According to SA Real Estate News, Adelaide’s housing market was listed as nation’s best performer in March, April and May 2017.
While property prices in Sydney and Melbourne are skyrocketing the home values are decreasing. Values in Sydney (-1.3%) and Melbourne (-1.7%) both dropped, dragging the national average (-1.1%) down with them. However home values in Adelaide have increased by 2%, more than any other capital city in Australia. *
As the most affordable mainland capital city to live in, Adelaide’s CBD residential population is projected to double within the next 15 years. The local property market continues to grow from strength to strength, with rental yields at 4.6%, investment apartment vacancies at less than 2% per annum and annual capital growth of 3.6%.
Adelaide enjoys affordability, lifestyle and desirability. Recently rated the fifth most livable city in the world, Adelaide is up to 20% more affordable than Sydney or Melbourne with regard to capital city living. With the Adelaide Central Markets, Chinatown, a vibrant nightlife – and growing small bar scene, and world-recognised fine-dining experiences, as well as the Adelaide Festival and Adelaide Fringe events, Adelaide offers cosmopolitan living like no other.
Adelaide is known as the education capital of Australia with a reputation for quality private and government schooling, and the local universities consistently ranking amongst the best in the world. The University of Adelaide, Flinders University and The University of South Australia provide access to premier tertiary education facilities in the heart of the city. With international student enrolment valued at over $1 billion, it’s easy to see why Adelaide enjoys world recognition.
The State Government is committed to improving the capital city’s public services and infrastructure. Recently the Sate Government has signed a historical deal with TESLA, the company of tech billionaire Elon Musk, to build the “world’s biggest lithium ion battery” in South Australia.”*
And for the icing on the cake the South Australian State Government has introduced exciting incentives for homebuyers and investors that could have them save-up to $40,500. These include:
- Government Stamp Duty Concession of up to $15,500 (ends 30 June 18)
- First Home Owner’s Grant of $15,000
- No Council rates for 5 years that could save you more than $10,000 (owner occupier)
- Land tax exemption for 5 years (ends 30 June 18) – You can calculate the land tax exemption here
Are you interested to know more about the incentives? Then click here!
With more than $3.5 billion of major developments in the Adelaide CBD alone, it’s easy to see that Adelaide offers significant investment opportunities now and for many years to come.