If you are browsing through some best options for your Property Investment in Adelaide in 2021, then you have jumped to the right place. By the end of this blog you will get a bit of clarity as to which suburb can be a good option for your property investment in Adelaide this year. But before we take you to the list of suburbs, let’s first know Adelaide better and why can 2021 be a great year to invest in Adelaide’s Property market.
Just like the overall world’s economy, the property market of Australia and Adelaide have also been attacked by the turmoil of Covid 19. Adelaide scaled to world’s most liveable city in June 2021. To invest smartly in any property, you must follow a certain set of strategies. Besides this, Adelaide has shown a strong resilience against the Covid situation.
WHY INVEST IN ADELAIDE IN 2021?
Below are mentioned few more reasons to invest in Adelaide in 2021 based on our research:
- Adelaide is more affordable compared to Property Investment in Sydney, Property Investment in Melbourne and Property Investment in Perth. This makes it easier and better for first time investors as well.
- Adelaide has a lot of small suburbs which are very attractive to residents and yet growing which will provide investors a good valuation in future.
- CoreLogic’s latest reports shows that in the last 6 months Adelaide’s real estate market has shown booming prices cutting right through the pandemic effect with an Annual Average Growth rate of 13.5%.
- Adelaide also has low interest rates and higher employability. This leads to a better standard of living.
- Adelaide’s real estate prices rose by 5.9% as compared to those in 2020 with a median house value of $468,000, according to CoreLogic data and the figure rose to $508,712 as of June 2021.
- Adelaide is also recognized as Australia’s most liveable city. It also fosters a lot of migrants and young families.
- Adelaide is safe and secure as it usually does not get too impacted of any crisis.
These are just a few outcomes of our research. There can be a lot many reasons to invest in Adelaide.
Before you invest anywhere, we suggest you do your part of research as well, and with that try and get experts’ advice face to face discussing your decision and confusion. The choice of property investment can vary from person to person based on their purpose. Some might be up for short term gain, some for long term or some may be investing for higher rental income, and some for higher property sale value and some might want more cash flow positive investment.
Hence, we list down a few suburbs with some parameters that might help you choose which suburb that fits best your purpose of property investment in Adelaide. Also note that this is not a ranked list, you may rank it up as per your purpose and choice for your investment decision. Without further ado let’s jump right in! (The data is taken from CoreLogic’s latest report).
BEST SUBURBS FOR PROPERTY INVESTMENT IN ADELAIDE FOR 2021
[1] Walkerville:
Walkerville is a north eastern suburb of Adelaide located 4 km from Adelaide CBD. Walkerville has a lot of historical buildings. Walkerville is a picturesque suburb having all the necessities in a good reach. Walkerville is a wealthy suburb featuring many beautiful Victorian stone houses as well as the newer mansions mostly built in the Victorian style.
Walkerville’s median sale price for houses is $1,490,000 and for units is $450,500 with an average annual growth rate of 7.18% and 1.14% for houses and units respectively. The median rent per week for Walkerville’s houses as reported by CoreLogic is $630 and for units is $405 with gross rental yields of 2.20% for houses and 4.67% for units accordingly.
[2] Rose Park:
Rose Park is a leafy and wealthy inner suburb of Adelaide containing multiple historical and contemporary attractions. Rose Park is located 1 km close to Adelaide CBD. Rosepark is mainly a residential suburb with commercial buildings alongside Fullarton Road, Kensington Road, and Dulwich Avenue.
Rose Park’s median sale price for houses is $1,700,000 and for units is $470,000 with an average annual growth rate of 3.97% and 2.43% for houses and units respectively. The median rent per week for Rose Park’s houses as reported by CoreLogic is $580 and for units is $420 with gross rental yields of 1.77% for houses and 4.65% for units accordingly.
[3] Leabrook:
Leabrook is a residential suburb in eastern Adelaide located 5 km from Adelaide CBD. Leabrook is one of the smaller and exclusive suburbs situated in City of Burnside.
The average annual growth rate for Leabrook’s houses and units are 11.59% and 5.66% respectively. The median sale price for houses of Leabrook is $1,970,000 and $458,000 for units. Leabrook showed median rent per week for houses as $685 and for units $295 with gross rental yield of 1.81% and 3.35% for houses and units accordingly.
[4] Tusmore:
Tusmore is an inner-east suburb of Adelaide located 6 km from Adelaide CBD. Tusmore fosters recreational parks, children’s paddling pools, tennis courts, electric barbecues, Burnside Civic centers, Council chambers etc.
Tusmore recorded median sale price for houses and units at $1,402,000 and $415,000 respectively with average annual growth rate at 3.49% for houses and -0.68% for units. The median rent per week for houses in Tusmore is $690 and for units is $360 with gross rental yields of 2.56% for houses and 2.56% for units.
[5] Glenunga:
Glenunga is a small inner-southeastern suburb of Adelaide located in the City of Burnside just 5 km from Adelaide CBD. The Glenunga International High School brings prominence to this leafy suburb. Glenunga is close to transport facilities and is one of the finest locations for city travel.
Glenunga’s median house price ranges to $1,238,000 and for units median price is $450,500 with an average annual growth rate of 6.09% and 3.39% for houses and units respectively. The median rent per week for Glenunga’s houses is recorded at $583 and for units at $330 with gross rental yields of 2.45% for houses and 3.81% for units accordingly.
[6] St. Peters:
St. Peters is an inner-eastern Suburb of Adelaide located 3 km from Adelaide CBD. St. Peters is a picturesque, quiet and prestigious suburb close to almost everything including the Marrickville Metro.
The average annual growth rate for St. Peters’ houses and units are 8.11% and 2.06% respectively. The median sale price for houses of St. Peters is $1,915,000 and $320,000 for units. St. Peters showed median rent per week for houses as $540 and for units $305 with gross rental yield of 1.47% and 4.96% for houses and units accordingly.
[7] Malvern:
Malvern is a southern-inner suburb of Adelaide situated in City of Unley 4 km from Adelaide CBD. Malvern mostly fosters single storeyed Colonial Villas with the leafy and green streets. Malvern is a center of good schools and shopping facilities thereby making it an ideal place for the residents.
Malvern recorded median sale price for houses and units at $1,415,000 and $439,600 respectively with average annual growth rate at 4.48% for houses and 5.59% for units. The median rent per week for houses in Malvern is $650 and for units is $340 with gross rental yields of 2.39% for houses and 4.02% for units.
[8] Toorak Gardens:
Toorak Gardens is the eastern inner suburb of Adelaide located just 2 km from Adelaide CBD. Toorak Gardens houses vary from detached single story villas to bungalows built in the 20s and 30s on allotments of around 0.1 hectares thereby making it one of the expensive suburbs.
Toorak Gardens’ median house price ranges to $1,625,000 and for units median price is $375,000 with an average annual growth rate of 4.88% and 2.55% for houses and units respectively. The median rent per week for Toorak Gardens’ houses is recorded at $775 and for units at $330 with gross rental yields of 2.48% for houses and 4.58% for units accordingly.
[9] Henley Beach:
Henley Beach is a coastal suburb of Adelaide located in City of Charles Sturt 9.7 km from Adelaide CBD. Henley shows relaxed family vibes and diversity in houses. Henley mostly shelters older couples, retirees and families which want a beautiful seaside relaxing atmosphere. Henley Beach houses range from 1940’s rock solid houses to 70s Apartment blocks, Artistic units, beachside mansions and glitzy townhouses.
The average annual growth rate for Henley Beach’s houses and units are 4.53% and 4.20% respectively. The median sale price for houses of Henley Beach is $965,000 and $400,500 for units. Henley Beach showed median rent per week for houses as $600 and for units $353 with gross rental yield of 3.23% and 4.58% for houses and units accordingly.
[10] Magill:
Magill is the suburb of Adelaide located 7 km from Adelaide CBD amongst City of Burnside and City of Campbelltown. Magill’s proximity to Adelaide CBD, schools and amazing restaurants makes it popular to live in. Magill’s houses are a good mix of 20th Century and student friendly houses with beautiful Victorian stoned streets. Magill is also a very affordable suburb in Adelaide with good growth ahead.
Magill recorded median sale price for houses and units at $700,000 and $433,000 respectively with average annual growth rate at 2.77% for houses and 3.12% for units. The median rent per week for houses in Magill is $460 and for units is $333 with gross rental yields of 3.42% for houses and 3.99% for units. Magill has a Good DSR(Demand to Supply Ratio) for both houses and units.
UNIQUE SUGGESTION
Apart from the regular property investment, you can also choose an unique option. If you are someone who seeks higher and good rental yields, then you may be interested in NDIS SDA properties as well. If you haven’t heard about it yet, no worries! You can learn more about NDIS Property Investment from our previous blog.
NDIS SDA basically provides investors 9% to 16% gross rental yield with an excellent opportunity of helping those in extreme needs. It is safe and secured as it’s a government backed investment plan. You can also check out the listings and availability of the NDIS investment property suburb or city wise. NDIS Property investment is gaining a really good momentum in the market right now with many positive responses (NDIS Property Investment Review).
CONCLUSION
Adelaide is yet loaded with many smaller suburbs hence, it is pretty much affordable to everyone. It also has many expensive suburbs which can be lucrative to high yields seeking investors. The suburbs of Adelaide have a high potential in upcoming years as they are still developing. Hence, a long term investment purview can be more beneficial here. We have tried to include a few suburbs that we think are interesting and profitable to invest in Adelaide this year. We also understand that there can be much better suburbs too and we might have missed to include them here. So, We would love to hear from you if you have invested in any other suburb from the list and got benefited with that.
In the end we would like to remind you the following:
- Always remember to follow the basic strategies for choosing the best place to invest in Adelaide that works best for you as per your requirements and purpose of investment.
- You may also check the DSR (Demand to Supply Ratio) of the suburb while investing.
- While making your final call you must do your thorough research and check out previous years’ performance of the suburbs as well to get better clarity at it.
- Also consider the upcoming projects in those suburbs which may in future increase the property value way high.
Now! We will get to you with another informative blog later. Till then, keep reading, supporting, learning and sharing your experiences with us.
