Adelaide has been one of the few cities in the country these past six months to see an increase in activity within the real estate sales market, experiencing a 2 per cent increase to 8,652 new house listings as of the end of April. This beats Perth’s increase of .8 per cent and far exceeds Brisbane’s decrease of 14 per cent.
In the rental market, CoreLogic reports a slow increase in rental yield markets, with only a 1.4 per cent increase these past 12 months, while realestateview.com.au data reveals a median lease cost for the apartment market in Adelaide sitting at $315 per week and $370 per week for houses.
After a parliamentary inquiry into the lack of skilled migration to South Australia was held by the state government earlier this year, it was identified that South Australia and Adelaide were failing to attract enough interstate and international migrants.
One solution has come through an agreement between South Australia and the federal government (the Designated Area Migration Agreement), opening up 114 occupations for official sponsorship on top of the 64 occupations that will be covered under the separate Adelaide Innovation and Technology Agreement.
Moves like this may see an increase in migration numbers to Adelaide and regional SA areas. It has recently been reported that Hobart, technically a rural area for international workers arriving to Australia, has been struggling to provide the jobs to meet demand, which means there may be an increase in numbers of interstate migrants to Adelaide over the next year. This all means a possible increase in demand for rental properties, which may result in growing yields for homeowners.
Adelaide is famous for its access to pristine coastlines as well as wineries and the world-renowned Flinders Ranges. For this reason, homes on all sides of the city centre are sought after, some up in the greenery of the bush and others enjoying the lapping of the waves outside their doorstep. The rental market in Adelaide has no shortage of incredible homes to rent at the moment, so here are 10 homes worth checking out before they are snapped up.
$350 p/w Ideally located just north of the CBD, this refurbished and light-filled apartment comes with two bedrooms, hardwood flooring and a private courtyard.
$365 p/w This three bedroom home makes the list due to its incredible bluestone facade, immaculate refurbishment, spacious rear courtyard and, of course, its location.
$395 p/w Another home in the north, this three bedroom townhouse is perfect for those who want to live in luxury but for an affordable price.
$400 p/w Buttressed by the beautiful waters of Aldinga Beach and the expansive bushland of the Aldinga Conservation Park, this four bedroom family home is modern, comfortable, spacious and enjoys blissful views of the conservation park from one of its two balconies.
The quaint facade of this 3 bedroom home points to the relaxed and quiet lifestyle you can enjoy only a short walk from South Port Beach to the south of Adelaide’s CBD.
$465 p/w Again in the south, this modern build is close to the CBD and even closer to Brighton and Glenelg beaches. With three bedrooms and two bathrooms, the home has little maintenance required and is nestled within a small gated community for added security.
$420 p/w This modern and open-plan three bedroom apartment benefits from a great view over a central park as well as spacious and airy living areas.
$345 p/w Another property for those fans of the cottages that make Adelaide so famous, this two bedroom home is perfect for a young family who wants to enjoy a quiet escape only 5 minutes east of the CBD and with great access to schools and shops.
$340 p/w Located in the historic and picturesque town of Mount Barker a little further out from the CBD (but still just over a half-hour drive away), this is a beautifully designed modern home which means ease-of-use while enjoying the surrounding shops and schools.
$575 p/w In one of Adelaide’s most sought after areas, this spacious five bedroom family home has beautiful timber flooring, enjoys natural light throughout the day and has access to schools, shops, parks and the CBD at its doorstep.