We're over halfway through 2019, so which Adelaide suburbs have performed best so far?
By comparing the median house price for Q4 2018 and Q1 2019 across all of Adelaide's approximately 400 suburbs, the following table outlines the top 10:
What are some common features across the top 10?
1. Most are suburbs located in Adelaide's growing fringe suburbs; the average distance from the CBD for these suburbs is 15 kilometres.
2. The majority of these suburbs have median house prices below the average of $480,000 for Adelaide.
3. These suburbs have a high share of new properties being constructed, particularly townhouses.
4. Almost all of these suburbs also outperformed in 2018, and were included in our top suburb picks for 2019.
For more information on how you can start investing in property in Adelaide, contact us at shayne@propertyinvestmentcoaching.com.au
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