CoreLogic National housing Update October 2017
October Market Outlook
Offset or redraw? A look at the pros and cons
Capital city spring property update
5 smart ways to spring clean your finances
Adelaide October 2017
Brisbane October 2017
Cairns October 2017
Canberra October 2017
Darwin October 2017
Gold Coast October 2017
Melbourne October 2017
Newcastle October 2017
Perth October 2017
Regional NSW October 2017
Regional QLD October 2017
Regional SA October 2017
Regional VIC October 2017
South West WA October 2017
Sydney October 2017
Tasmania October 2017
Wollongong October 2017
CoreLogic NSW housing Update October 2017
CoreLogic QLD housing Update October 2017
CoreLogic SA housing Update October 2017
CoreLogic VIC housing Update October 2017
CoreLogic WA housing Update October 2017
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Adelaide October 2017
The month in review: Adelaide
By Herron Todd White
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)
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.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.