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Property investors can find 'substantial opportunities' in Adelaide

A new report from the Real Estate Institute of South Australia claims falling property prices in the suburbs make this the right time to invest.

Now is the right time to purchase property in certain parts of South Australia, according to a report published by the Real Estate Institute of South Australia (REISA).

Releasing its quarterly market update, the institute claimed that investors could get some solid returns by looking at suburban property rather than traditional urban centres. Outer metropolitan Adelaide and key regional centres, said REISA, could offer yields of over 4.5 per cent.

Greg Moulton, president of the organisation, pointed out that many of these properties could be bought for less than $250,000 (£160,000), offering value for money in a competitive market.

"There is a real opportunity out there right now, especially as property prices have softened a little, so now is the time to start investing," he said.

The Commonwealth Bank/Mortgage & Finance Association of Australia found yesterday (November 15th) that 44 per cent of potential homebuyers are being put off their purchase by the broader financial problems facing the country.

Posted by Ravin Chatlani

- Adelaide, property, investment, prices

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