Australians looking to buy or invest in property this year should look to the South Australian capital, one property expert believes.
ADELAIDE
Property experts expect 2021 will be a big year for South Australian real estate.
The latest ANZ/Property Council of Australia survey of property sector professionals shows confidence in South Australia has soared to pre-pandemic levels.
What most crystal ball gazers don’t recognise is that the property market is all about finance, not economics.
Australians all across the country are feeling “clear optimism” about the housing market, new data from Westpac has revealed.
Adelaide continues to buck a national trend in downward property values.
Adelaide house-hunters have almost 1500 fewer properties to choose from on the market than they did a year ago.
Australians living overseas fear the tentative green light given to international students to enter the country will further delay their return home.
Property values in more than two thirds of Adelaide suburbs have grown in the first six months of 2020, defying COVID-19 slumps in larger Australian cities.
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Buyers are bidding past the listing price, incentives are out the window for off-the-plan purchases and developers are running out of stock, as the unprecedented frenzy for South East Queensland property shows no signs of abating.
Queensland has solidified its status as the location of choice for Australian property investors, who are becoming increasingly positive around the prospects of capital growth.
Renovators inspired by reality television shows and with access to funds are out in record numbers, but the rush to renovate is laden with potential pitfalls.
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Faced with labour shortages and continued strong demand for new homes, construction industry figures are calling for an extension to HomeBuilder construction deadlines.
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