Adelaide Property Report
What's in store for Adelaide property?
The Economy: We look at the critical local factors such as the State Budget and $ spend per capita, business investment, state housing finance and mortgage arrears.
Affordability: We look at the current Adelaide Affordability Index (AI) and track the first home buyer activity which is a good indicator of value.
Demand: Population growth in Adelaide is tracking close to the national average, and we look at the type of population which is growing the fastest. Net migration is a good indicator of demand for housing, whether that be people renting or buying - they need accomodation.
Supply: Housing stock for sale along with dwelling approvals can indicate a pipeline of oversupply when measured against population growth. They key to finding which is which, is the vacancy rate, days on market and stock on market trend.
Investment Value: The critical component of determining investment value, is looking at the rental yields. When median prices outperform rental growth, you'll find an unbalanced market and diminishing value.