When you buy a property there are two major factors for consideration: the lifestyle on offer, and the price growth of the area for future resale.
You want to love the property you are in and enjoy all the area has to offer, but it is also important to ensure other people will share this love. Take into consideration cafes, parks, school zones and proximity to the CBD, because whether you plan to resell within 12 months or not for 20 years, you want to make money on your investment.
Let’s take a look at Adelaide’s top suburbs for price growth between May 2017 – 2018*.
The beach is the winner here! Your beach investment is probably working harder an you, with Glenelg South experiencing a median house price rise of $440,000, reaching an incredible $1.4 million median house price.
Take a look at the top 10 growth suburbs and be amazed by just how much the median price increased over 12 months:
1. Glenelg South – $440,000
2. Dulwich – $288,000
3. Royston Park – $287,500
4. Kensington Park – $285,000
5. Hazelwood Park – $267,250
6. Walkerville – $264,000
7. Malvern – $232,500
8. Gilberton – $222,500
9. Norwood – $190,500
10. Unley Park – $179,500
Once again, people love the ocean! Semaphore experienced a median unit price rise of $132,500, growing to $365,000.
1. Semaphore – $132,500
2. North Adelaide – $105,000
3. Eastwood – $83,500
Your property is a big asset, and you reap the financial rewards of suburb growth!.
Photos: Properties sold by Harris Real Estate in Glenelg South