South Australia’s house price growth hotspots

The survey is compiled via an external panel of respondents consisting of real estate agents, property managers, developer, asset/fund managers, and property owners and investors from around the country.

These three South Australian suburbs were picked by the experts as the standouts for 2018, and all boast unique and enviable lifestyles.

Bowden is the state government’s first higher density urban infill project. It’s understood some of the first redeveloped apartments sold out within days of entering the market. Just 2 kilometres from Adelaide’s CBD, Bowden’s apartment buildings overlook the city’s parklands.

With the dust settled and the redeveloped suburb now well-established, property prices increasing faster than the state’s average could be attributed to high-demand from potential buyers.

Meanwhile, Flinders Park in Adelaide’s western suburb is undergoing a renaissance, with an eclectic mix of new build and established homes, including renovator’s dreams and those that are ready to move in to. Considering its close proximity to the beach and the city, Flinders Park homes offer relative affordability.

The beach and Adelaide’s CBD are approximately 3 kilometres west and east of Flinders Park, respectively. The average price for a three-bedroom home is $560,000, according to CoreLogic data.The national survey found South Australia, along with the Northern Territory, is the only state/territory expecting stronger price growth in the next one to two years.

House prices in metropolitan Adelaide are forecast to grow by 1.9 per cent in 2018.