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Adelaide Among Top 100 Rental Demand Hotspots

By Brett Pilgrim

Many of Australia's suburbs are experiencing extremely low vacancy rates, with some regions seeing numbers as low as one per cent. An analysis of housing data done by Australian Property Investor (API) magazine shows that there are 100 capital cities in Australia where rentals are in scarce supply, which drives up demand. 

Adelaide ranks among the top 100 capital city hotspots listed by API, recording the largest amount of rental demand hotspot entries, meaning that 31 of the city's suburbs have an exceptionally high demand for rentals.

Those looking for rental property in Burnside, Norwood, Prospect and North Adelaide will find themselves competing with many other people eager to rent. Therefore, it might be wise to consider investing in real estate in Adelaide instead.        

A low vacancy rate also mean numerous requests for any unoccupied rental property that's respectable, which gives investors a lot of leverage to ask for a higher price.

There are many factors influencing the rental supply shortage, including the fact that a majority of people still hesitate when it comes to buying a house. Other contributors are the slowly recovering construction industry and the rising population.

The high demand for rentals in Adelaide also raises the value of real estate investments in the area – great news for owners of property in Adelaide and surrounds.

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