Property investors looking to make a move in 2023 to enjoy capital growth over the following few years should consider the South Australian capital, according to leading buyers agent and API columnist, Anna Porter.
“Despite the uncertainty around interest rates and market movements, Adelaide remains poised to stay strong and stable”
With an extensive infrastructure pipeline, job creation, relative affordability and the return of international travellers and migration, Adelaide likely still has growth to unfold.
There is sustainability around the market and although other locations are retracting and softening in the existing environment, Adelaide is still seeing the buoyancy that has made it an attractive market for clever investors.
Home opens are continually attracting upwards of 20 groups at a time and properties are repeatedly receiving multiple offers.
On the ground, the market is still very much ripe for investors and astute investors are taking advantage of this opportunity while others are nervous and sitting on the sidelines, waiting for something to change.
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Article Source: Australian Property Investor Magazine