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Adelaide property market set to soar

By Brett Pilgrim

For those looking at buying a rental property in Adelaide the news couldn't be better. A good rental return is always desirable, but solid gains on your investment are just as welcome. According to the NAB Residential Property Survey for the third quarter of 2014, Adelaide is sitting pretty in the capital growth arena.

Although the overall expectation is for the market to cool, Adelaide is set to remain one of the strongest markets for capital gain according to the NAB figures. With an anticipated capital growth rate of 3.8 per cent by September 2015, South Australia's capital city is only behind Brisbane at 5.9 per cent, and Sydney at 4.5 per cent. The trend is set to continue in 2016, with Adelaide jumping up to second place behind Brisbane, and beating out Sydney by 0.1 per cent.

Impressive figures like this could see those with an investment property in Burnside or Prospect experiencing a relatively high jump in equity compared to other investors around the country. If you don't yet own a property in Adelaide, now may be the time to consider making a speculative purchase, as growth is forecasted to trail off in a few years time across the country.

For those with expansive plans for their property portfolio, investing now may provide the equity gain necessary to leverage another purchase in a few years' time when the market has potentially cooled its heels a bit.

The Real Estate Industry of Australia noted a slowdown in the rate of investment for the August period, according to a 10 October release. While this should placate the Reserve Bank of Australia, which has recently expressed concern over balance between investors and home owners, it also represents an opportunity for investors who may have missed out previously to rejoin the market in this slight downturn in activity.

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