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Buy Norwood property now listings have stabilised

By Brett Pilgrim

As an investor, it's highly likely you have a specific set of criteria you're looking for when buying rental property in Norwood.

You might want to target the family market, in which case your property will need to be close to quality schools. If you're hoping to attract young professionals, a trendy inner-city apartment might be more suitable.

No matter what your criteria might be, it's reassuring to know there is a wealth of property to choose from when you come to making your decision. So this is where stock listings are key.

SQM Research has released its November data, which show a 0.8 per cent increase in stock listings across the South Australian capital compared to the previous month. This should offer some reassurance that your ideal rental opportunity is out there somewhere.

Results have been mixed throughout most of 2014, as the group revealed listings are down 3.6 per cent compared to 12 months ago. However, the market seems to be picking up, which ultimately works in the favour of anyone still waiting to invest in Adelaide property.

Speaking about the national results, SQM Research managing director Louis Christopher explained there are reasons behind the trend that has emerged over recent months.

"We do not believe that the market is slowing down at this stage," noted Mr Christopher. "This most recent data suggest that while there was a surge in listings in October that quite a lot of that stock was absorbed and sold."

Not only has there been a slowdown in stock listings across the country, but as the November CoreLogic RP Data Home Value Index shows, capital city price growth is also moderating. Combined values were down 0.3 per cent last month, following on from a quarterly rise of just 0.8 per cent.

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