Adelaide’s property market needs to be acknowledged
June 19, 2020
Terry Ryder the founder of hotspotting.com.au. believes Adelaide’s property market is one of the best locations to consider when thinking of buying due to is combination of affordability, value for money, good yields and potential for capital growth.
“Adelaide is undoubtedly Australia’s most under-rated market. It keeps delivering good sales activity and above results on house prices. In the five years Hotspotting has been conducting quarterly surveys of sales activity and price trends, Adelaide has never delivered a poor result. Most cities have had peaks and troughs in that time, but Adelaide just keeps on producing steady markets with consistent demand.” Said Mr Ryder in the Price Predictor Index published nine months ago, commenting that despite negativity of COVID-19 nothing has changed.
Nearly two thirds of Adelaide’s suburbs recorded annual growth in median house prices with 60% of the suburbs seeing their median house price rise from that of a year ago, according to HotSpotting’s recent suburb-by-suburb analysis.
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This is a summary of the article ‘Adelaide one of the best real estate performers in Australia: HotSpotting’s Terry Ryder | Property Observer | Monday 15th June 2020.