Adelaide Real Estate - Adelaide is the capital of South Australia and is situated on the South Coast of Australia on the banks of the River Torrens. The property market is not quite as expensive as Sydney or Melbourne but overall has performed well. Rental property vacancies remain tight and this keeps the returns going in the upward direction for investors. Houses, units, flats and townhouses have all grown in value and as with most capital cities any land close to the CBD is at a premium.
Adelaide Sep quarter median % change Jun 07 – Sep 07 % change
Sep 06 – Sep 07
House Price $320,000 +2.3 +10.7
House Rent (3 b/r) $255 pw +2.0 +8.5
Unit Price $250,000 +4.6 +11.1
Unit Rent (2 b/r) $205 pw +2.5 +7.9
Vacancy rate 1.5 +0.2 0.0
About Adelaide - Population is approx 1.1 million and the city was founded in 1836. Average temprature is 23c in January and 12.5c in June
Attractions
Botanic Gardens, Adelaide Festival Centre, Central market, Glenelg Beach, Gouger Street, Rundle mall and the South Australian Museum.