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Recently on the blog, we cited a report by expert property commentator, Terry Ryder, who said his current standout real estate market in Australia is Adelaide.
Ryder highlighted the municipality of Onkaparinga, south of the city, as the area with an array of growth markets that has been boosted by significant new transport infrastructure.
“The new rail links to Seaford are now operating, with plans to further extend the line south to service areas like AldingaBeach and Port Willunga. At the same time, the $500 million upgrade of the Southern Expressway is under way. The two infrastructure projects together are revolutionising transport links from the south to central Adelaide, a factor that usually supercharges property markets.”
Kevin J Barry, managing director of The Professionals – Christies Beach, said earlier this year that the southern suburbs are attractive for people looking to maximise value. “Young families can secure affordable homes on traditional-sized blocks close to all amenities. Investors are also attracted by the low entry price point to the market.”
“The area is well serviced with retail shopping which is essentially a linear spread along Main South Road with a number of small suburban clusters dotted around the suburb.The area also has a selection of schools and childcare facilities.
“The Onkaparinga Council has re-zoned much of Christies Beach into medium density which has increased the level of development particularly along the streets adjacent to the coastline,” Mr Barry said.
Terry Ryder highlighted AldingaBeach, Flagstaff Hill, HappyValley, HuntfieldHeights, Woodcroft, AberfoylePark, Christies Beach, Christies Downs, Port Noarlunga South, Seaford and Seaford Rise as suburbs to watch.
For Terry Ryder’s full story click here: https://hotspotting.com.au/articles/adelaide-poised-lead-price-growth/