It’s the start of a new year, so everyone is looking into the crystal ball and trying to predict which suburbs will boom in 2018.
At the end of last year, Sydney and Melbourne’s once red-hot markets finally began to cool down, and the overall consensus now seems to be that 2018 will see some sort of correction.
Whether this will be a hard or soft landing remains to be seen. But talk of a correction or even crash has not stopped analysts from predicting suburbs that will still see growth this year.
In numbers supplied to The New Daily by CoreLogic, the property data firm is tipping one Adelaide suburb in particular to boom in 2018.
CoreLogic chose Glenelg South as the standout. Glenelg South has a perfect blend of beach life, community feel, shopping and close proximity to the CBD.
The suburb saw a 25.2% increase in median house prices last year and is currently a high demand market with an average of 1,470 visits per property on realestate.com.au; which is just over double SA’s average.
Real Estate Institute of South Australia (REISA) Chief Executive Officer Greg Troughton, also tipped Glenside, South Plympton, Plympton and Park Holme as suburbs to watch in 2018.
Source: The New Daily