It’s the question on a lot of people’s lips at this time of the year – what suburb will offer the best property value over the next 12 months.
According to five leading property experts, a swag of SA locations still offer great buying on a range of budgets.
Some of Adelaide’s perennial favourites made an appearance, while Adelaide’s hidden gem suburbs – the investment hotspots currently flying under the radar – were also revealed.
When it comes to where to buy in the northern suburbs, Prospect was a clear favourite on a number of budgets.
Ouwens Casserly director Nathan Casserly said the suburb, which has been recently referred to as ‘the new Norwood’, had a lot to offer buyers.
“It’s got excellent quality apartments, and is close to amenities and the new cinema complex.” he said.
While Unley Park was a clear favourite for inner-southern suburbs, those looking further out of the city would be wise to look at buying in Woodcroft, Aberfoyle Park, Happy, Valley and Black Forest.
LJ Hooker SA/WA CEO Andrew Friebe said Woodcroft offered good value for first homebuyers.
“The southern foothills have great amenities, good schools, and offer easy access to the coast, shopping and transport,” Mr Friebe said.
Magill was the pick of the eastern suburbs for many experts, including Harris Real Estate managing director who said it was a great choice for families.
“It offers great proximity to Norwood and CBD, but is still relatively affordable for the east,” he said.”
Henley Beach continues to be a firm western suburbs favourite, due to its recent square and infrastructure upgrades, said Klemich Real Estate director Steve Alexander.
“I love the esplanade at Henley Beach – Henley Square is a stone’s throw, and the morning walks are a joy,” he said.
Mount Barker dominated the Hills list, offering value buying across a range of pricepoints, said Harcourts SA chief executive officer Gregg Toyama.
“It’s got fantastic facilities and parklike new housing estates, great local cafes, new schools and is an easy 30 min commute to the city,” Mr Toyama said.
Adelaide’s hidden gem suburbs – those offering great buying but were not capturing the attention they deserve – include O’Halloran Hill, Willunga, Birkenhead, St Morris and Warradale, which Mr Toyama said was “often overlooked in favour of larger or more popular adjoining suburbs”.
“It offers excellent rental returns and features a lovely tree-studded environment,” he said.
Realestate.com.au chief economist Nerida Conisbee said Adelaide’s market should continue to perform strongly in 2019.
“Adelaide is doing pretty well – looking at the capital cities that are achieving price growth, there are only three and they are Hobart, Adelaide and Canberra,” she said.
“There’s a lot of positivity in the Adelaide Market we’re not seeing elsewhere, and particularly positivity in the Hills.”
WHERE TO INVEST IN 2019?
Was your New Year’s resolution to purchase a property in 2019? Are you looking to buy, upgrade or invest? Then look no further – we’ve done the hard work for you.
Real Estate Editor Tom Bowden interviewed five property experts to find out where you should be looking, on a range of budgets, to help you buy with confidence next year. Enjoy! And happy househunting!
GREGG TOYAMA (GT)
HARCOURTS SA CEO
NATHAN CASSERLY (NC)
OUWENS CASSERLY DIRECTOR
STEVE ALEXANDER (SA)
ANDREW FRIEBE (AF)
LJ HOOKER SA/WA CEO
PHIL HARRIS (PH)
HARRIS MANAGING DIRECTOR
FIRST HOMEBUYERS (under $400,000)
BURTON: The suburb offers a vast range of choice for first-home buyers. It’s close to schools, shopping centres and Salisbury interchange. Owners consistently achieve positive growth year on year. GT
PROSPECT: It’s got excellent quality apartments, and is close to amenities and the new cinema complex. NC
GREENACRES: There are some great buys here close to city. AF
ENFIELD: There’s a lot of property sitting at land value that can be lived in and then developed later on. SA
PARA HILLS: Home to large allotments with future development potential. PH
ABERFOYLE PARK AND HAPPY VALLEY: Both offer excellent opportunity and value in this price range, and are only 35 minutes to the CBD and 10 minutes to beaches and the Marion shopping centre. GT
EVERARD PARK: It’s got some quality apartments along Anzac Hwy between CBD and coast. NC
WOODCROFT: The southern foothills have great amenities, schools, easy access to the coast, shopping and transport. AF
SEAFORD MEADOWS: It’s a well-done land development with lots of trees and a pretty streetscape. SA
CHRISTIES BEACH: Home to some affordable coastal property, and the area’s being redeveloped. PH
CAMPBELLTOWN: Good value still and home to courtyard allotments and smaller homes still close to the city and all facilities. GT
KENSINGTON: Cream brick units offer an entry into a blue chip location. NC
HECTORVILLE: It’s difficult to find something under $400,000 in the east but Hectorville is still undergoing transformation and opportunities can exist around here. AF
CAMPBELLTOWN: New townhouses are popping up everywhere, there’s some great developments and a good selection of new homes. SA
KLEMZIG: It’s got great proximity to CBD, and is aligned to other popular suburbs. PH
ROYAL PARK, HENDON, ALBERT PARK, ROSEWATER AND EXETER: Home to solid-built homes on small to medium size blocks of land with scope to improve/add value – a great alternative to a unit closer to the city. GT
SEATON: It still holds some affordable options close to Adelaide’s best beaches. NC
ALBERT PARK: It’s half way between the port and city, and adjacent to Woodville. The development of Football Park will aid in areas such as Albert Park seeing improvements. AF
BROMPTON: It offers edge-of-city living in a great development. SA
TAPEROO: It’s got proximity to future Dock One, is close to Semaphore, and near high growth suburbs along the coast. PH
MOUNT BARKER: It’s got fantastic facilities and parklike new housing estates, great local cafes, new schools and is an easy 30-minute commute to the city. GT
MOUNT BARKER: There are many great new home options with attractive incentives. NC
GUMERACHA: It’s still accessible for commuting to the city along with employment opportunities in the north. At this price, Hills living is achievable and good value. AF
BRIDGEWATER: It’s got good homes on good-size allotments, not far from the freeway in a pretty location. SA
MOUNT BARKER: A popular option with families and a great place to find good off-the-plan development opportunities. PH
FAMILIES ($400 to $1 million)
WYNN VALE: Most homes in this category are generally over 200sqm of living and on around 600sqm of land offering a minor or full renovation. GT
NAILSWORTH: Here you’ll find character homes on substantial allotments with excellent schools. NC
LIGHTSVIEW: It’s a modern masterplanned development with great amenities. All the homes enjoy the surrounding parks and water features. AF
PROSPECT: It’s a gorgeous city-fringe suburb with predominantly character homes, many still available for well under $1m. SA
COLLINGSWOOD: It offers proximity to North Adelaide and the CBD, and is experiencing strong character growth. PH
FLAGSTAFF HILL AND CHANDLERS HILL: Both offer outstanding value in this range, offering big modern family homes located in prestigious, exclusive estates with views and swimming pools. GT
BLACK FOREST: A great central location offering real bang for your buck. NC
COLONEL LIGHT GARDENS: It’s home to large allotments, character homes, good local schools, and close to the city and beach. AF
CLARENCE PARK: It offers great value buying and still a range of undeveloped character properties available compared to nearby Millswood, Unley Park and Kingswood. SA
COLONEL LIGHT GARDENS: A heritage-listed suburb loved for its character homes. It’s a great suburb for families. PH
TRINITY GARDENS: There’s a good mix of character and modern properties, there’s zoning for good schools and good prices. GT
MAGILL: A popular suburb for families, it offers great proximity to schools, shopping and transport. NC
GLENUNGA: It’s got wide leafy streets, is close to city, shopping and Burnside Village. It offers a mixture of home styles. AF
MAYLANDS: It offers great low-maintenance blocks, close to vibrant Magill road and Norwood but without Norwood’s price tag. SA
MAGILL: It offers great proximity to Norwood and CBD, but is still relatively affordable for the east. PH
ALLENBY GARDENS: It’s a well-located family friendly suburb close to many facilities, including public and private schools, and with the drawcard of being within proximity of the city, beach or river. GT
MILE END: Here you’ll find character homes, large allotments and a community-focused neighbourhood. NC
WEST BEACH: It’s less popular than Henley Beach but an amazing spot home to plenty of mid-1900s homes offering great opportunities to add value. AF
FLINDERS PARK: It’s affordable, and features predominantly 1960s architecture. It’s providing tremendous development opportunity’s for two decades. SA
LOCKLEYS: It’s in a great location and offers proximity to high growth coastal suburbs, and direct access to Adelaide’s CBD. PH
STIRLING AND HAHNDORF: Being able to stroll down to the local main street of these townships or reside on a few acres offer fantastic family living and a great community feel. GT
WOODSIDE: It offers great Hills living without the price tag, but still with easy access to the freeway. NC
SUMMERTOWN: Just tucked over the top of Mt Lofty, it’s surrounded by market gardens and vineyards, yet still so close to the city. AF
MT BARKER: You can commute easily to the city or enjoy the fabulous fast-growing facilities now available in the town. SA
ALDGATE: There are still good buying options driven by the explosion of Stirling. It’s a great spot for families and offers some fantastic lifestyle opportunities. PH
LUXURY ($1 million-plus)
PROSPECT: 2018 has seen 185 homes sold so far this year in Prospect with the average days on market being quite low at 45. Bungalow and Character homes are the homes that are most sought after. GT
NORTH ADELAIDE: A sought-after city fringe drawcard, it’s a popular lifestyle suburb, and Adelaide Oval will continue to be a drawcard. NC
COLLEGE PARK: It’s got exceptional quality homes, wide leafy streets, some of the states most sought-after schools, and proximity to the city. AF
MEDINDIE: It’s set on the edge of the parklands and has a fabulous blend of classic turn of the century architecture and some excellent modern developments. SA
WALKERVILLE: Sought after because of its large block sizes, popular Walkerville Primary School, North Adelaide and CBD shopping and dining. PH
FLAGSTAFF HILL/CRAIGBURN FARM: These suburbs, along with small acreage lifestyle properties in Chandlers Hill, Cherry Gardens and Clarendon, have some of the best “bang-for-your-buck” properties at $1 million-plus in Adelaide. GT
UNLEY: Much-loved for its character homes, consistent price growth, and manageable allotments. NC
UNLEY PARK: Famed for its exceptionally well-built homes, wide leafy streets and quality local schools. It’s also got some of the state’s hottest dining and shopping spots on its doorstep. AF
UNLEY PARK: It’s still one of the favourite addresses in the entire state, and it’s incredibly tightly held. SA
UNLEY PARK: This suburb’s always tough to beat, as it’s close to the city, has a mix of grand old and modern homes, and it’s also got a range of beautiful parks. PH
ST PETERS: It’s a pretty obvious one to choose but has wide tree-lined avenues, big blocks and a mix of old Adelaide houses and modern builds. It also has proximity to some great schools. GT
BURNSIDE: A perennial favourite, Adelaide’s prestigious shopping precinct continues to be a drawcard. NC
TOORAK GARDENS: Popular with families, it offers great access to the city, and is close to Burnside Village, which is a massive drawcard for residents. AF
LEABROOK/HAZELWOOD PARK: Set only 10 minutes from a large selection of great schools, it’s got a range of character homes on large allotments in tree-lined streets. SA
ROSE PARK: The jewel in the crown of the eastern suburbs, its famed for its primary school, leafy streets, and beautiful character homes on large allotments. PH
HENLEY BEACH: With new developments currently in construction, including some with 22m balconies due for completion in 2020, nothing beats living near the ocean. GT
HENLEY BEACH: A sure winner into the future due to the ongoing investment into Henley Square, plus it’s the closest beach to the CBD. NC
GLENELG SOUTH: It offers a great beach lifestyle, quality character homes and streets, and easy access to Jetty road’s shops and cafes. AF
HENLEY BEACH: I love the esplanade at Henley Beach. Henley Square is a stone’s throw, and the morning walks are a joy. SA
HENLEY BEACH: The combination of the recent redevelopment of Henley Square, large allotments, beachside and continued redevelopment opportunities are proving to be a huge drawcard. PH
CRAFERS, STIRLING AND ALDGATE: We have some beautiful homes on acreage throughout the Hills providing a superb lifestyle opportunity of a country feel while often being an easy 30-minute commute to the City. GT
ALDGATE: Home to some of Adelaide’s most prestigious estates in a tranquil environment, and just 20 minutes from the CBD. NC
OAKBANK: Home to beautiful lifestyle properties on large acreage and offering good value for money at this pricepoint. AF
STIRLING: Perhaps a predictable choice, but the township of Stirling is about as close to an English village as Australia can offer. Stirling is 15 minutes from the city and stunning. SA
STIRLING: There are so many reasons to love Stirling – the homes, the schools, the cafes and restaurants. The jewel in the crown for the Adelaide Hills. PH
INVESTMENTS (Any price)
ELIZABETH: The area has seen great rental return and in some cases seven to eight per cent with interstate investors taking advantage before the “Next Great City” is complete. GT
PLAYFORD COUNCIL AREA: A desirable area performing strongly on the back of the rejuvenation of the old Holden site (Lionsgate). NC
BROMPTON: It’s a rapidly developing area close to the city offering a great lifestyle and culture. AF
BLAIR ATHOL/PROSPECT OVER REGENCY ROAD: It offers good value buying, is developing rapidly and the market is riding high on a wave of positivity. SA
WINDSOR GARDENS: The area’s seen strong development in recent yield and is returning investors strong yields. PH
MORPHETT VALE: Currently offering excellent demand and popularity in the rental market place, resulting in low vacancy rates and excellent returns for investors of 5 per cent-plus. GT
HYDE PARK: Apartment living is now becoming a real drawcard, and there are some great options in this perennial favourite. NC
SOUTH PLYMPTON: Home to a number of large allotments perfect for development, and all halfway between the bay and city. AF
PORT WILLUNGA: Popular with both permanent residents and holiday makers – the shopping facilities have improved enormously in the past five years, as has freeway access to the city. SA
ST MARYS: Offering brilliant access to both the CBD and the beach, it also offers easy access to Westfield Shopping Centre and Flinders University. PH
GLENUNGA: The Glenunga International High School will always be a big drawcard for families. There are both smaller and larger homes available plus a choice of units, and it’s still reasonable value for property in the lower price category. GT
STEPNEY: Set on the eastern edge of the city, it’s a great suburb and still something of a hidden gem. NC
NORWOOD: A great lifestyle suburb with a great mix of properties close to city. You to walk to the Parade from just about anywhere in the suburb. AF
NORWOOD: There are still some undeveloped finds to be had. The area is renowned for good growth and it’s always easy to find a tenant in Norwood. SA
FREWVILLE: Home to arguably the state’s most popular supermarket, Frewville is set in a great school catchment area, has a high rental demand, but yet still some affordable options. PH
MILE END: A rental hotspot for city workers. The western suburbs have some great investment options – look for a property on a subdividable block in the inner west, along the coast, or a property you can add value to. GT
SEATON: It still offers some affordable options close to Adelaide’s best beaches. NC
WEST HINDMARSH: An emerging hotspot, it’s gaining popularity and is less than 5kms from the city. AF
THEBARTON: Set on the edge of the city, this suburb is fast transforming into something special. SA
WEST CROYDON: Home to some beautiful character architecture, the suburb offers a great relaxed lifestyle and easy access to the CBD. PH
STIRLING: We are seeing great demand for larger four-bedroom executive homes throughout the Adelaide Hills. Company transfers to this area means that we have quality tenants and great rent being paid. GT
MOUNT BARKER: There’s been a surge in population in recent years, and continual investment in infrastructure means Mount Barker will continue to rise. NC
MCLAREN VALE: A lot of people are moving to the south, creating good numbers of jobs. It offers good access to both the city and the beach. AF
MCLAREN VALE: The wine industry is doing beautifully, and the area is home to good schooling options, making it a wonderful place to live. SA
BRIDGEWATER: It’s still affordable, and is attracting strong interest from the spill over of Stirling buyers who are being priced out of the market. PH
SUBURBS NOT ON RADAR BUT SHOULD BE
O’HALLORAN HILL: Often overlooked in favour of larger or more popular adjoining suburbs, it offers excellent rental returns and features a lovely tree studded environment. GT
WILLUNGA: A premium wine region so close to the coast, it doesn’t get any better than Willunga. NC
BIRKENHEAD: With the Port development about to start, Birkenhead is well placed to see some good upside. AF
ST MORRIS: With great proximity to the CBD, some smaller character homes that haven’t been developed and this suburb sometimes flies under the radar. SA
WARRADALE: This suburb undergoing rejuvenation, driven by its proximity to beach and amenities and position in the Brighton school zone. PH