Those with property in Adelaide already realise what an exciting, energetic city Adelaide is to live in – but it looks like the rest of the world is finally catching on. Adelaide has recently been named amongst "the top 52 places to go" in 2015 by The New York Times, the only Australian city to have made the prestigious list.
The accolade has come quick out of the blocks after the Lonely Planet also listed Adelaide in the top 10 cities to visit for 2014, indicating that the Government of South Australia's effort to attract positive investment and people to the city is paying dividends. The New York Times appointed Adelaide to number 24 out of the 52 places to visit this year, confirming that our quality arts and cultural scene is as thriving – and world-class – as it has ever been. The Adelaide Festival, WOMADelaide, SALA and Adelaide Film Festival were named as highlights, with the vibrant restaurant and cafe culture, galleries, exhibitions and hotels also given a favourable mention.
The news is yet another encouraging sign for property investors in South Australia's capital, with the state and local governments' push for renewal of Adelaide's cultural attractions being a firm priority heading forward. A year filled with events like the Tour Down Under (set to be the biggest ever), the numerous arts festivals mentioned above and successful international tourism campaigns like "Barossa. Be Consumed" television advertisements, will surely bring thousands of domestic and international visitors to the city. This kind of international exposure and injections of revenue is just what the economy needs to sustain momentum into this year and beyond.
A relatively buoyant economy, fantastic lifestyle, coupled with continually affordable house prices and sustainable rental yields, is a potent combination for investors. If you're considering rentals in Adelaide, seek advice from your real estate agent about how our growing economy can help with your property investment – and there may be more opportunities to come.