Two decades of market trends point to today's Adelaide property hotspots
A look in the rear view mirror is sometimes necessary to move forward successfully, and Adelaide's property market performance over the past 20 years provides valuable insight for investors looking for their next South Australian property investment.
The closure of Holden's manufacturing plant in Elizabeth in 2017 had a huge impact on the area's employment and property markets. (Image source: Shutterstock.com)
Adelaide has undergone strong real estate value growth since 2004, with prices increasing from a median dwelling value of $166,000 to $814,400.
This remarkable escalation places it firmly in second place for all capital cities in Australia, just behind Hobart
. The 20-year growth trends for Sydney and Melbourne roughly tripled in the same period, far short of Adelaide’s huge gains.A 20-year snapshot of growth and decline
Over the past two dec…
