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Adelaide

Suburb Profile

Adelaide - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5000

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ADELAIDE, 5000 ranks 1486th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.05% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $675,000.

The upward trend in home prices in ADELAIDE, 5000 averaged 4.48% per annum over a 3-year period.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.47% increase in returns based on the current median price in ADELAIDE.

An average of 7.17 real estate transactions take place per month in ADELAIDE which translates to 86 per annum.

86 properties were sold in ADELAIDE in 2016, making it the 18th most active market in SA based on total real estate transactions.

ADELAIDE, 5000 places 369th in Australia based on median property value growth during the quarter.

Surburb overview

Dotting Adelaide’s skyline are the spires of its grand Gothic cathedrals and high-rise buildings that are home to the country’s fastest-growing companies. Adelaide is one of the largest population centres in Australia, registering an estimated 1.3 million residents in 2016, bringing its total number to 1.7 million.  

Dubbed as Australia’s food and wine capital, Adelaide boasts of chic restaurants and bars and a stunning countryside where residents and tourists can fill their bowls with the freshest picks. Its locals are a trendy set, with a predilection for the finer things; theirs is a well-curated life – gladly swapping the mundane with artisanal delights.

The city runs a gamut of lifestyle boutiques, artsy hangouts, and cafes that are easy on the eyes and sometimes adorned with street art from up-and-coming artists. When all else fails, residents can seek refuge in its myriad vineyards at Adelaide Hills, soak up the sights at the Botanic Gardens, or bask at sea at neighbouring Glenelg.

Adelaide real estate

In Adelaide, timing is everything. Residents enjoy generous tax cuts from the government before July of every year, which they can allot for prepaying their home insurance and giving their homes a facelift. “Character home” is the operative word, and locals are not one to scrimp on their renovations; some would have no doubts of forking out millions to give their old homes a new interior. Sellers have the upper hand in Adelaide and are guaranteed returns on their investments.

Adelaide’s commercial real estate is headed for a positive direction, adding a more diversified group of tenants from a variety of segments. This, in part, makes it a top destination for property investors from other states, as well as hedge funds. Real estate authorities describe Adelaide as having one of the most liquid central business district office markets in the country. Investors can also rest assured that risk is minimal in Adelaide’s commercial real estate, and that its volatility of returns is lower than its peers.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $675,000 $500,000
GROWTH REPORT
Median Quarterly -4.12% 3.09%
Median 12 month 9.05% 11.11%
Median 3 years 13.45% 13.64%
Median 5 years 15.38% 25%
10 years average annual 3.11% 2.58%
Weekly media advert. rent $450 $440
Time on Market 67.4 days 95.0 days
Gross Rental Yield Percent 3.47% 4.58%
demographics (median values)
Total Population
10229
Weekly Household Income
891.5
Household Size
1.80
demographics
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