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Take Advantage of Adelaide’s ‘Thriving’ Property Market

By Brett Pilgrim

Anyone who is considering an investment in real estate in Adelaide will not be disappointed with what the market has to offer, as the city’s property market continues to thrive.

The Real Estate Institute of South Australia (REISA) has put together some of the main facts about property in Adelaide, which should give people the incentive they need to see what the region has to offer.

Over the past 12 months, the median house sale price has stood at $494,000, while the average rental cost is $420 per week – these rates are favourable compared to many other parts of the country.

REISA also revealed that because of this, property in Adelaide is in high demand – for every given property in the South Australian capital, an average of 22 people are looking.

Demographics are a major consideration when purchasing property, as the group revealed that individuals under the age of 35 make up around 35 per cent of all people living in the area.

However, there is also an abundance of families, couples and extended families, as well as single parents between the ages of 33 and 44, making this one of the most diverse capital cities in Australia.

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