Adelaide Neighbourhoods: 8 Suburbs To Invest In Adelaide in 2021
Adelaide’s property market is booming. Here we select the top suburbs investors should have on their radar in 2021.
Despite gloomy forecasts, over the past year, Adelaide has achieved record house prices, with the median property price topping $600,000 for the first time. As reported by Domain, house prices are more than 16 per cent higher than they were last year, with the highest volume of sale transactions ever recorded. Now is a great time to invest in the South Australian capital. Here are eight key suburbs savvy investors should keep their eye on.
The lifestyle-rich suburb of Walkerville is renowned for its excellent community amenities, with parks, sporting clubs and friendly local businesses. Lying just 4km from the city centre, it couples urban convenience with a peaceful and quaint atmosphere, cementing its strong demand from both investors and buyers alike. Property prices have jumped a staggering 33% over the past year, with the median home price rising to $1,490,000.
Moments from the Esplanade and bustling precinct of Glenelg, Glenelg North has all the attributes of seaside living without the hefty price tag synonymous with its trendy neighbour. Luring a mix of youthful independents and young families, the suburb is dotted with green spaces and is effortlessly connected to public transport with abundant shops, eateries and good schools. Property investors can expect a rental yield of 3.4% for houses, and a median home price of $790,000.
There’s no slowing down the exclusive seaside suburb of Tennyson. Stretching along the coast, it encapsulates an idyllic lifestyle while benefiting from being just 11km from the CBD. Residents can enjoy walks around the lake, golf clubs and shopping centres, all contributing to a vibrant community feel. Investors can expect a safe rental income and solid capital growth. House prices in Tennyson are fetching roughly $1,420,000, while units are representing strong value for money at $450,000.
Giving residents access to the walking trails of Belair National Park, a buzzing town centre and top-notch schools, it’s easy to see Blackwood’s appeal. Central Adelaide is just a 20-minute drive away, yet life here retains its suburban charm, with beautiful tree-lined streets and gorgeous natural surrounds. Blackwood returned capital gains of over 17% for the past year, with the median home price rising to $675,000.
Just 5km from the city centre, Glenunga boasts leafy streets home to pretty parks and esteemed schools. It’s sought-out by both families and older couples with an abundance of shops, eateries and everyday essentials lining Glen Osmond Road. Glenunga property investors have experienced capital gains of more than 20% over the past year, with median house prices fetching $1,238,000 and units sitting at $450,000.
The tightly held area of Echunga has seen median property prices lift by 16.8% over the past year, making it one of South Australia’s top performing suburbs for 2021. Nestled in the Adelaide Hills, it lies just 8km from Hahndorf and a 40-minute drive from central Adelaide. The region has a good track record for earning holiday income, while offering residents access to a great school, sporting grounds, walking trails and a charming countryside atmosphere.
A little further afield, the sea change neighbourhood of Port Elliot has gained traction among those preferencing space and lifestyle or capitalising on the continued working-from-home trend. It is located near Victor Harbour, roughly 75 minutes from Adelaide’s city centre, making it a popular holiday destination. Port Elliot has seen property prices lift almost 12% over the past year to $570,000, while rental yield remains strong at 3.65%.
The coastal, family-friendly neighbourhood of Largs Bay is nestled just 16km from the city centre. Residents can make the most of the sandy shoreline with walking and bike trails and excellent community amenities. Largs Bay returned capital gains of almost 18% over the past year, with investors seeing strong rental yield of just below 4% for both houses and units. The median home price currently sits at an affordable $653,000.
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