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Is it a good time to invest in property in Adelaide?

By Brett Pilgrim

With so much talk about the property market, doing a bit of homework can go a long way towards helping you decipher whether it's a good time to invest in real estate in Adelaide. One of the things that you're likely to take a look at is the state of your own finances, just to be sure you can afford to take the next step.

Your financial situation could be in luck. New research from the Australian Bankers' Association (ABA) shows that while households and investors might be taking on a property-related debt at a rate of knots, they're more than capable of dealing with it – and interest rates are playing a big part in their success.

It takes just a peek at the ABA report to realise your property investment journey can get off to a good start. Figures show that borrowings for real estate have soared to $1.5trillion in March, with $499billion for investment houses. 

Analysis from CoreLogic RP Data also shows that investors have enthusiasm in spades.The value of commitments to investors has grown by 105 per cent in less than 4 years across the country. South Australia has been a part of this growth, with investors accounting for around 43 per cent of lending in March 2015.

"As might be expected in a low interest rate environment, households are increasing their borrowings for housing," ABA executive director – industry policy, Tony Pearson, said in a 1 June statement.

What's more, Mr Pearson suggests that savvy investors are ahead of the curve and are well-equipped to take on this level of debt. Low interest rates are helping households to make prompt repayments on their mortgage – in fact, the report reveals that homeowners are more than two years ahead on repayments on average and the growing value of assets is helping them along. 

It's not hard to see why. The CoreLogic RP Data Daily Home Value Index indicates that the median price of property in Adelaide has increased 2.46 per cent over the three months to 10 June. 

If you're looking to take advantage of these fantastic conditions to diversify and extend your portfolio, it could be time to include property management in Adelaide as part of your strategy. The professionals at Ray White are on hand to make sure your investments are on track and performing well. 

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