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Adelaide 'the place to buy in 2...

Adelaide 'the place to buy in 2014'

Adelaide is tipped as property hotspot.

Real estate experts believe investment in Adelaide’s public buildings will make the city idea for investors over the next 12 months.

According to the Advertiser, five out of six local estate agents surveyed believe Adelaide will benefit from the revamp of the city’s convention centre as well as the ongoing construction of a new hospital.

Harcourts chief executive Greg Moulton explained investors could be attracted to Adelaide's cottages, villas and townhouses and may cash in as the city develops.

"There is a low supply with high demand as the city continues to become more vibrant," he said.

LJ Hooker regional manager Rod Adcock added that the strong transport network means it is ideal for those looking to reduce their dependence on car ownership, while Toop&Toop Real Estate managing director Anthony Toop believed the riverfront would attract high-paying buyers.

Lonely Planet has named Adelaide as one of the top ten must visit cities for 2014.

Posted by Ravin Chatlani.

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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