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Even South Australians are reluctant to invest in Adelaide. Now would be a good time for an attitude adjustment.” So says leading property industry commentator, Terry Ryder, author of Hotspotting.com.au
Mr Ryder called Adelaide his “stand out” property market at the moment and says “SA is really just beginning its run.”
“The South Australian capital has more forward momentum than most of the capital cities. Given that this has not yet translated into major price growth, it represents an opportunity for investors,” he said.
“South Australia is the only capital city which ended 2013 with sales volumes rising significantly and carried that into the early part of 2014.
“What makes Adelaide so attractive for property buyers is that it’s by far the cheapest mainland capital city. You can buy two Adelaide houses for the price of one Sydney house.”
Next time on the blog, we’ll look at some of Mr Ryder’s hot suburbs in more detail. He has Onkaparinga municipality leading the charge.
For Terry Ryder’s full story click here: https://hotspotting.com.au/articles/adelaide-poised-lead-price-growth/