First home buyers are setting their sights on real estate in Adelaide to make a foray into the Australian property market, according to the March National Housing Market Report from the Australian Property Monitor.
Those buying homes for the first time make up 16 per cent of the South Australian property market. As the more affordable capital city in Australia with reasonable entry level prices, Adelaide is at the top of the list for those new to the market along with savvy investors.
The high rate of construction and the continuation of historically low interest rates are assisting with activity in the Adelaide property market.
At the same time, buyers in Adelaide are the most positive across the Australian capital city property market, according to result from the RP Data-Nine Rewards Survey of consumer housing market sentiment.
When asked whether now is a good time to buy, 90 per cent of respondents from Adelaide responded with confidence, signifying a confident crop of buyers and investors.
With a prediction that Adelaide’s housing market is set to maintain a consistent and solid level of buyer activity, anyone looking to buy and sell property in Adelaide should consider doing so sooner rather than later.
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