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Property analyst predicts Adelaide market to see significant growth in 2018

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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.

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Here is the full list of Hotspotting’s rising markets:

Aldgate
Aldinga Beach
Andrews Farm
Blair Athol
Blakeview
Brahma Lodge
Burnside
Campbelltown
Clovelly Park
Coromandel Valley
Davoren Park
Dover Gardens
Edwardstown
Findon
Flinders Park
Gawler East
Glenelg
Glenelg East
Glengowrie
Glenunga
Grange
Hectorville
Highbury
Hillbank
Hillcrest
Ingle Farm
Largs North
Lobethal
Lockleys
Magill
Mawson Lakes
Mitchell Park
North Adelaide
Oaklands Park
Paradise
Paralowie
Royal Park
Salisbury East
Salisbury North
Seaford
Seaton
Sellicks Beach
Semaphore Park
Sheidow Park
Smithfield Plains
South Plympton
Stirling
Sturt
Tranmere
Willaston

Source: News.com.au /Core Logic/ Hotspotting

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