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The Hottest Adelaide Suburbs to Invest in 2024!

Adelaide, once overshadowed in the property investment landscape, has emerged as a key player in recent years. The real estate market in Adelaide and regional South Australia has proven to be the most resilient and robust, especially in the face of the unpredictable interest rate hikes of 2023.

Adelaide beckons investors with a diverse range of opportunities. Whether you crave a beachside escape, a historic residence, or a charming hills suburb, the top 5 suburbs highlighted below offer tailored choices for various lifestyles and investment goals. Let’s explore the pockets of promise in Adelaide’s real estate market.

 

Moana:

Nestled beside the picturesque Moana beach, this family-friendly suburb offers a relaxing holiday lifestyle with superb prospects for very strong growth. The close proximity to renowned wineries and excellent restaurants in McLaren Vale adds to its appeal. Moana boasts a quiet atmosphere, great local schools, and a new shopping centre, Moana Heights, enhancing convenience for residents.

Median Sale Price: $753k | Median Sale Price Change (1 yr): 7.19% | Median Rent: $570pw | Median Gross Yield: 3.9% 

Neighbouring prime suburbs include Seaford, Port Noarlunga, and Port Noarlunga South. View our current investment opportunities. 

 

West Beach:

Situated between Henley and Glenelg, West Beach is undergoing a transformative phase with $1.6 billion worth of urban renewal projects. Its strong transport links and proximity to Adelaide CBD make it an ideal location for further growth. The recent launch of Adelaide BioMed City, one of the largest health and life sciences precincts in the southern hemisphere, is expected to positively impact real estate in the western Adelaide suburbs. With various housing options, from 1960s family homes to contemporary beachfront properties, West Beach offers a complete package for families and investors alike.

Median Sale Price: $1.2m | Median Sale Price Change (1 yr): 9.32% | Median Rent: $690pw | Median Gross Yield: 3.0% 

Neighbouring prime suburbs include West Lakes, West Lakes Shore, and Woodville. View our current investment opportunities. 

 

Walkerville:

Known for its close-knit community, Walkerville is a historic suburb with luxury, character, and charm. The suburb is home to Adelaide’s premier schools, including Walkerville Primary, St. Andrew’s School, Wilderness School, and St. Peter’s College. Its leafy green streets and stunning homes make it a perfect place to raise a family. Walkerville, though one of the most expensive areas in Adelaide, offers a blend of housing options, from Victorian stone houses to newer mansions. With a rental yield of 6.08%, it is a prestigious address within walking distance of the city.

Median Sale Price: $1.8m | Median Sale Price Change (1 yr): 0.55% | Median Rent: $780pw | Median Gross Yield: 2.2% 

Neighbouring prime suburbs include Medindie and Vale Park. View our current investment opportunities. 

 

Norwood:

Situated on the eastern fringe of the CBD, Norwood is one of Adelaide’s most desirable locations. With stunning residences, access to top-notch schools, and vibrant lifestyle options, it’s a beautiful suburb for professionals and families. Norwood offers a mix of old detached homes, apartments, townhouses, and modern houses. While the cost of living is high, the cosmopolitan living experience, proximity to the city, and the attractions of The Parade make it worth the investment.

Median Sale Price: $1.5m | Median Sale Price Change (1 yr): 9.81% | Median Rent: $650pw | Median Gross Yield: 2.3% 

Neighbouring prime suburbs include Kensington and Payneham. View our current investment opportunities. 

 

Meadows:

Located in the Central and Hills region of Adelaide, Meadows offers a delightful prospect for interested buyers. With a median list price of $635,970 and promising investment dynamics, Meadows stands out as an attractive option. The district, part of the Mt Barker area, benefits from $2.8 billion worth of new facilities, making it an ideal choice for those seeking affordability and a good lifestyle.

Median Sale Price: $649k| Median Sale Price Change (1 yr): 1.43%

Neighbouring prime suburbs include Nairne, Mount Barker, Mylor, and Hahndorf. View our current investment opportunities. 

 

Interested in property investment? Contact our OC real estate experts to better understand the current market today & find out the benefits of managing your investment property through Ouwens Casserly.

 

References: Propertyvalue.com, API Magazine, Smart Property Investment, and Realestate.com.au.

Disclaimer: Information in this blog is accurate at the time of publication. Ouwens Casserly has relied upon information from external sources in compiling this publication and does not warrant its accuracy or completeness. Please verify details and consult your agent before making any decisions.

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