Adelaide October 2017

The month in review: Adelaide

By Herron Todd White
October 2017

The traditional style of housing appealing to both home owner and investors within Adelaide have typically been detached dwellings. Townhouses and units within close proximity to Adelaide CBD (particularly along the fringe) are also appealing. Character style dwellings that have been renovated are typically well received by the Adelaide property market, particularly in suburbs close to the CBD.

Many home buyers in Adelaide who are upgrading to larger family homes are seeking large dwellings where everything is done. A recent example of this is an appealing character dwelling which has recently sold in the southern suburb of Millswood. It is situated within four kilometres of Adelaide CBD in an area well serviced by local facilities and transport. The property was featured in The Advertiser and was sold within one week. The property was well presented and provides appealing accommodation throughout. The selling agent for the property indicated that there was a high level of interest in the listing and that the property appealed as everything was done. (Source: Adelaide now)

Adelaide property report oct 2017

Adelaide property report oct 2017 2
Source: realestate.com.au

Many council areas within Adelaide have undergone zoning changes in recent times. This is encouraging higher density in-fill development in many areas. Smaller projects involve the demolition of an older style dwelling and construction of at least two courtyard style dwellings on the site. There is increasing developer activity in areas where higher density developments are being approved. Suburbs such as Magill, Tranmere and Prospect are experiencing good demand from developers as a result. There are increasing numbers of dwellings being constructed on smaller allotments which will eventually change how many residents live in these areas.

The majority of larger households in Adelaide are still not very accepting of unit living. It is typically still the domain of smaller households and renters. Given the increased developer activity in many suburbs around Adelaide, this may one day begin to change, but it is not something that will occur in the short term.

In Adelaide, many householders constructing on smaller allotments are still building substantial dwellings. They are seeking lower maintenance allotments but still want large living areas and space to entertain. The average allotment size in Adelaide continues to decrease to counteract the already far reaching urban sprawl. Although there will be smaller properties built by investors for rental accommodation, households with families will continue to seek larger accommodation. This will be a continual balancing act for local councils and developers in the market place.

Chat to a local Adelaide Mortgage Broker today.

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