Top 5 Adelaide property hotspots to get best bang for buck revealed
Jessica Brown, Property Journalist
First published 13 March 2024, 06:00 AM
Hotspotting’s latest Top 5 Adelaide Hotspots report reveals Tea Tree Gully, Holdfast Bay, Salisbury, Mount Barker and Playford council areas are the best to invest in to maximise future capital growth.
Sales activity, buyer demand, major infrastructure projects and rental market metrics, including vacancy rates and yields, were analysed to determine the best areas for buyers to target.
Property analysis and Hotspotting director Terry Ryder said each of the areas had something different to offer buyers.
Hotspotting director Terry Ryder. Picture: supplied.
Adelaide’s Westfield Tea Tree Plaza. Picture: Eric Van Staden.
In Tea Tree Gully, he said affordability and infrastructure, including schools, medical facilities and retail hubs, made the area appealing to both owner occupiers and investors.
“It is also well connected to the major employment nodes of Edinburgh Defence Precinct Techport, Port Adelaide Technology Park and Mawson Lakes,” Mr Ryder said.
“The LGA is highly desirable for investors, boasting extremely low vacancy rates and a continuously strong demand for property.
“Adelaide’s overall growth and the success of the Tea Tree Gully region showcase its standing as a rising economic force in Australia.”
The neighbouring council areas of Salisbury and Playford also made the list for their manufacturing and defence industries, as well as strong property value growth.
“Playford has some of Australia’s most affordable suburbs and along with the neighbouring Salisbury LGA, the Playford region offers strong long-term capital growth potential,” Mr Ryder said.
Meanwhile, tourism hotspots in Mount Barker and Holdfast Bay, as well as the lifestyles they offered, from wineries in the hills to premium beaches in the west, made the two areas desirable places to live.
Mount Barker is expanding at a rapid rate. Picture: supplied.
Ray White SA chief executive Matt Lindblom. Picture: supplied.
Ray White SA chief executive Matt Lindblom said Glenelg in Holdfast Bay was evolving quickly with the introduction of new apartments.
“Glenelg (property values) are going up very quickly,” he said.
“For young people, it’s a nice place to live and with apartments there are lots of places to rent.
“I think a part of it is also Baby Boomers are now retiring and they’re wanting to live in apartments – beautiful retirement lifestyle properties with all the amenities and easy access to the beach and city.”
Mr Lindblom said Christies Beach was also worth considering because it had good infrastructure, easy access to the city and surrounding suburbs via the trainline and Southern Expressway, as well as a beautiful beach.
“That’s an area that’s likely going to rise,” he said.
Development in Aldinga Beach and Murray Bridge also made them areas to watch too, Mr Lindblom said.
