Several of the suburbs of Adelaide —the capital city of South Australia are giving a tough competition to the saturated cities like Brisbane and Perth. If you take the factors of long term growth into consideration, then Adelaide is one of the cities where you can rely upon to secure your investments in the upcoming years.
Adelaide is well known for its parks, wide boulevards, waterfronts, festivals and food. The suburbs of Adelaide are proving to be quite persistent in terms of annual growth. So, which areas are best for property investment in Adelaide? Well, continue reading to discover the leading locations and suburbs of this cosmopolitan coastal mainland.
1. Hyde Park
Hyde Park is one of the most prestigious suburbs in Adelaide that is showing a growth rate in the housing market. The demand of the houses is also high. The shopping strip of the King William Road adds on to the beautiful suburb. The area is surrounded by lovely parks. The area is trendy and stylish so if you want to make an investment in Adelaide, you cannot go wrong with Hyde Park.
2. Walkerville
The buying price of Walkerville in 2017 is over one million dollars and it has shown an annual growth rate of over six percent over the last few years. From brick styled houses to boutique apartments, Walkerville has to offer quite a variety of enviable properties to the buyers.
3. Malvern
If you want to live in an area that is almost similar to Hyde Park, then it is most definitely Malvern. Just like Hyde Park, this suburb is also in the inner-southern region of the City of Unley. You can discover a diverse assortment all sorts of trendy outlets and cafes from the Wattletree Road up till the High Street.
4. College Park
If you are looking for a clever investment plan for a sustainable annual growth in Adelaide, then College Park is another million-dollar suburb you can consider. The area is in close proximity from top-notch schools. It is one of the most expensive suburbs of Adelaide and if there is more significant infrastructure development, you will be able to witness that this seaside region depicts a higher percentage of growth.
5. Tennyson
In comparison to most other suburbs in South Australia, Tennyson has also shown remarkable investment returns over the last few years. Located in the Western Adelaide, Tennyson has a variety of local amenities to boast about.
6. St. Peters
The median house prices in St. Peters are over $900,000 and the capital growth is also considerable. St. Peters is an ideal place for established couples and independent people. The Town Hall of St. Peters is considered an Australian heritage building.
7. Joslin
Joslin is near to St. Peters and there are several renowned colleges and schools, such as Trinity Gardens, St. Peters, and Norwood Primary. The suburb is at a stone’s throw from the University of South Australia and Adelaide University. There are parks, restaurants, and friendly neighbourhoods around.
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