Real estate in Adelaide seems to be more popular than ever, with a new survey revealing now is a great time to buy a property in the South Australian capital.
RP Data and Nine Rewards recently released their housing sector sentiment study, which showed Adelaide is considered the best location in which to purchase real estate under current market conditions.
Just shy of 90 per cent of more than 1,000 respondents said property in Adelaide is a savvy investment at the moment – far exceeding the national average of optimism for other locations of 74.4 per cent.
Regional WA and regional Queensland were considered the next-best locations, garnering positive sentiment from 85.7 and 83.8 per cent of respondents respectively.
Adelaide property was also considered less prone to market corrections than other areas, with only 52.5 per cent of people feeling values could swing over the coming year, compared with the national average of 60 per cent.
The Australian Capital Territory, Perth and Sydney were all considered more vulnerable to housing bubble bursts, with 70, 68 and 65 per cent of those polled respectively expecting price corrections.
People looking to rent out their property in Adelaide may also be encouraged to hear that nearly 70 per cent of respondents think rental prices will rise over the next year.
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