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Is Now The Time to Buy Property in Adelaide?

By Brett Pilgrim

There are many positive signs showing it is the right time to consider entering the housing market, and in particular purchasing real estate in Adelaide.

The Reserve Bank of Australia announced on April 1 that the cash rate will remain the same. This makes it the seventh consecutive month in which the official cash rate has sat unchanged at 2.5 per cent.

This creates an accommodating environment for both buyers and current property owners, as interest rates on home loans remain relatively secure.

Additionally, following a slower month in February, new information from the RP Data-Rismark​​ March Home Value Index saw house values across the capital cities end the first quarter of 2014 on a high note.

Adelaide has had another solid increase of 1.4 per cent, but also continues to be one of the more affordable capitals with the average median dwelling price sitting at $390,000.

Those with investment property in Adelaide can also be reassured by the findings of the report, as rental yields reached 4.7 per cent for units and 4.3 per cent for houses.

This latest information might suggest buyers should capitalise on current conditions and purchase sooner rather than later.

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