Adelaide has long been known as a place for conservative investors to get modest and consistent gains, and this year has been no different.
According to Corelogic, dwelling values in Adelaide have increased 5% over the past 12 months, putting the festival city ahead of Brisbane (+2.9%), Perth (-2.9%) and Darwin (-4.7%), but behind Hobart (+14/3%), Melbourne (12.1%), Sydney (+10.5%) and Canberra (+7.8%).
But property analyst Terry Ryder of Hotspotting believes that 2018 may see prices in Adelaide grow by up to 9%, with middle and low-market suburbs as the major movers.
Ryder bases his prediction on the Hotspotting Spring 2017 Predictor Index, which ranks Adelaide ahead of Sydney, Melbourne and Brisbane for “number of growth suburbs”
“We are well overdue for that one-year burst of bigger than average median house price growth so I would not be surprised,” said Real Estate Institute of South Australia (REISA) CEO Greg Troughton, commenting on the prediction.
Here is the full list of Hotspotting’s rising markets:
Credit: SA Real Estate News