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State of Markets – SA December 2011

01 DEC 2011 • By Phillip Tarrant • 3 min read • Hotspots

Essential information, plus expert insight on what is shaping the national property market...

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SOUTH AUSTRALIA

Fast Figures

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  • 11.7% - average annual growth for units, Adelaide
  • $290 – median weekly advertised rent for units, Adelaide
  • 1.85% - quarterly growth for Adelaide units

Adelaide suburbs flagged for investors
Adelaide’s outer suburbs offer positive returns for investors on a budget, despite recent reports that Australian property is unaffordable, according to leading author and property adviser Margaret Lomas.

Ms Lomas challenged the view that the Australian property market is unaffordable, flagging Adelaide’s southern suburbs as an investment hot spot.

“There are plenty of places that you can invest in that are not only affordable but that also show all the intrinsic growth drivers,” she told Smart Property Investment “the kinds of areas where you can be confident that if you buy there, they’ll grow well in the next couple of years and they’ll also have a pretty good rental yield.

“You need to be considering markets like the outer suburbs of Adelaide and some of our regional markets in both NSW and Victoria,” Ms Lomas said.

Tea Tree Gully, Hawthorndene shine in a slow market
Tea Tree Gully and Hawthorndene have bucked the national downward trend in property values, with significant rises in their median house prices, according to the Valuer General’s quarterly property figures.

The figures show Tea Tree Gully’s median house price jumped 34.7 per cent, from $330,000 to $444,450 in the 12 months to the end of September 2011.

Hawthorndene's median house price is now $485,000, up 20.5 per cent from $402,500.

However, the data also show South Australia has not been immune from a nationwide drop in house prices, with a 2.7 per cent fall in median house prices statewide and a 10.4 per cent fall within inner city Adelaide.

Nevertheless, the drop was slight and reflected resilience in the SA market, Real Estate Institute of South Australia president Greg Nybo said.

“While days on the market might have extended out significantly, the median sales price is really holding the line,” Mr Nybo said.

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Phillip Tarrant

Phillip Tarrant

AUTHOR

Phillip Tarrant is executive editor – Real Estate at Momentum Media. He is also an investor with a large property portfolio.

He leads the content strategy and corporate growth for a range of market and business intelligence platforms at Momentum Media, including Smart Property Investment – the authoritative voice for Australia’s property investment community.

As head of the Smart Property Investment Podcast Network, he also steers the largest network of property podcasts in Australia, which collectively generates nearly 2 million downloads every year.

There are over 2.6 million investment properties in Australia, with over 2.1 million Australians (or around 8 per cent of all Australians) owning one or more investment properties. A vibrant and critical sector for creating wealth for Australians, the property investment sector is expected to remain a pillar to the national economy.

For nearing a decade, under Phillip’s stewardship Smart Property Investment has been informing and educating property investors on the tactics and strategies to create wealth through property.

Trusted by over 100,000 Australians each month as the turn-to independent resource for property market insights and information, the brand supports the mantra of "for investors", by investors’, drawing on the unique position that Phillip and Smart Property Investment share, warts and all, its own journey through property.

The Smart Property Investment Show, part of the Smart Property Investment Podcast Network, is one of Australia’s most popular podcasts, forming the keystone of an integrated digital platform delivering daily property updates, live broadcasting, insights, opinion and data to property investors across the nation.

Underpinned by a content team universally recognised for their knowledge of the sector and approach for clear and concise communication, Smart Property Investment has become a central part of Australia’s property community.

About Momentum Media

Momentum Media is a leading media and market intelligence company, and the business behind Smart Property Investment, REB and RPM.

Guided by a strong sense of purpose to support our communities, Momentum Media has forged its place as one of Australia’s most influential media and professional development businesses.

We have been equipping Australia’s corporate, investor and SME sectors with market and business intelligence for over a decade.

Across an integrated business supported by digital, events, broadcast, research, print and social platforms, we are guided by the purpose: Be Better informed.

This passion for informing, educating and inspiring drives us to build more engaged communities, delivering greater leadership to the markets we connect to and forging closer relationships with our audiences.

Being at the forefront of media innovation, backed by a pioneering spirit, has been central to Momentum Media’s growth.

We’re an evolving, forward-thinking business based on a purpose that supports corporate Australia and the markets critical to our nation’s economic prosperity and security. We’re also focused on delivering exceptional value to our commercial partners.

We adapt on a daily basis to rapidly changing market places; we’re a fluid media business, unanchored to any particular technology, channel or tone of communication.

With a reach spanning nearly 2 million professionals, high-net-worth individuals and SME business owners, we’re connected to the rapidly changing preferences and attitudes of our communities – and we’re making a positive contribution for our communities to thrive.

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