The suburb of Mt Barker in the Adelaide Hills is located just 30 minutes from Adelaide's CBD. Its reputation for being a quiet town is quickly changing as it is now one of the fastest growing areas in the state. So why is Mt Barker the perfect suburb to invest in?
The median house price in Mt Barker is $410,000, which makes it a relatively affordable place to invest. The population of Mt Barker is quite young, with an average age of between 20 and 39 years.
Its population might look small at roughly 36,000 people, however it is forecast to almost double and reach 50,000 by 2030. The reason for the dramatic population
growth over the next decade is that the South Australian government has specifically chosen Mt Barker to accommodate future development. This has been reinforced by new infrastructure projects, such as the Bald Hills Interchange that has opened up new access points to the town. Recent proposals have included a fast rail line directly between Adelaide and Mt Barker.
These developments have already contributed to significant house price growth in Mt Barker. Based on the last five years of sales, Mount Barker has seen a compound growth rate of 4.0% for houses. We forecast growth of 3.0% this year and 3.8% in 2020.
For further information on how you can invest in Mt Barker, contact us via email at email@example.com or call 0408 000 420.