Adelaide submarines here to stay but has investors' ship sailed?
Adelaide's property market has been supported by strong employment and infrastructure developments but there are signs it may have reached its peak.
Adelaide has delivered 15 per cent property market growth in the past 12 months but a slowdown is underway. (Image source: Shutterstock.com)
Adelaide has been one of the best performing markets in the country over the past three years, with record growth rates and affordable housing stock as compared to many of the other capitals.
Interstate investors have favoured the small South Australian capital over other options for years and have been buying houses under $600,000 throughout 2023 and 2024, with 4 to 5 per cent rental returns and double-digit capital growth year-on-year.
Some b…
