Adelaide Real Estate – The Northern Suburbs

The Adelaide real estate market has experienced some interesting stability in the face of the global economic downturn that is currently occurring. This is mostly due to a combination of the government’s decision to extend the first home buyers grant, and the lowered interest rates we have been experiencing. These two issues have given access for first home buyers to get into the Adelaide real estate market, which has led to a more stable property market in such economic times.   

Some suburbs in Adelaide have actually experienced an increase in property values over the past year.  These suburbs, offering very good value for money, and a good supply of local amenities and facilities, include Salisbury Heights, Old Reynella, and Sellicks Beach. 

Salisbury in particular is a large area which offers value for money, excellent location to the central city, and excellent access to amenities, quality schools, parklands and reserves, and public transport links.  With only a 20 minute drive north of the Adelaide CBD, the Salisbury region offers an extensive range of Adelaide real estate, from expansive luxury homes in the suburb of Salisbury Heights, a mixture of commercial and residential investment opportunity in Salisbury Plain, to affordable quality living in Salisbury and surrounding suburbs.  With a great selection of well respected public and private schools, a choice of shopping facilities with Salisbury Shopping Centre, Elizabeth Shopping Centre, Tea Tree Plaza, and The Village at Golden Grove to name but a few, and some great fitness and sporting facilities. 

On the investor front, it is the Northern suburbs that have continued to offer the best rental yields in the Adelaide metropolitan area.  With this Northern suburb region having the lowest vacancy rate throughout Adelaide, with a rate of only 1.02%, things are looking good for the Northern suburbs property market.  With such a stable property market in such an economic climate as we are experiencing, the Adelaide real estate market looks like it is set to exit out of this downturn with relative strength.  The top 5 suburbs offering the best rental yields, that is within the 4% range, and about 1% above the average Adelaide metropolitan area, include Smithfield Plains, Para Hills West, Brahma Lodge, Salisbury North, and Salisbury East.  This is encouraging news for investors, and what is even better news is that the properties returning these rental yields are far below the median Adelaide house price of $355,000.  Combined with the lowered interest rates, this makes it easier to get into the property investment arena. 

Whether you are looking for your first home, to upgrade or downsize, or are looking for an investment property, the Northern Suburbs offer an excellent selection of well priced Adelaide real estate.