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Adelaide has interstate investors adding up the numbers

Low vacancy rates, a lack of listings and strong price growth in Adelaide has attracted an influx of Sydney and Melbourne investors, who are rapidly heating up residential markets across the City of Churches.

Houses in Adelaide in foreground with central business district in far background
Investors who have bought in Adelaide in the past 12 months have immediately enjoyed strong capital gains. Photo: Shutterstock

Low vacancy rates, a lack of listings and strong price growth in Adelaide has attracted an influx of Sydney and Melbourne investors, who are rapidly heating up residential markets across the City of Churches.

While a red-hot Brisbane property market

has captured a wealth of media attention, Adelaide’s preliminary auction clearance rate of 89.7 per cent in the week to October 10 was comfortably clear of the Queensland capital’s 81.3 per cent.

Ac…