With strong economic growth and significant government investment, Adelaide is a hotspot for investors seeking both capital growth and strong rental yields.
To do well in this market, you need a smart plan. One approach is to look past the usual spots and find areas that are ready to grow.
Here’s a breakdown of the key factors to look for and some of the areas in and around Adelaide that are gaining attention.
What are the key drivers of growth?
Before we take a look into specific locations, it’s crucial to understand what drives a commercial property hotspot:
- Population growth: A growing population creates a need for more services, from retail and medical facilities to warehouses. Areas with a high influx of new residents are often prime for investment.
- Infrastructure projects: Major infrastructure investments, like new highways, public transport upgrades, or innovation precincts, can transform a suburb by increasing accessibility and demand for commercial space.
- Employment hubs: Suburbs located near major employment centres, such as hospitals, universities, or defense industry hubs, have a steady stream of workers and visitors, creating a reliable customer base for retail and a strong tenant pool for office space.
- Affordability: In many cases, the most significant growth comes from areas that still offer a lower entry point compared to established inner-city suburbs, allowing for greater potential for capital growth.
Adelaide’s Investment Hotspots
Here are some of Adelaide’s investment hotspots.
Northern Corridor
Adelaide’s northern suburbs are experiencing a major boom, driven by strong population growth and significant infrastructure projects.
Inner South
Inner southern suburbs such as Edwardstown, Melrose Park and Tonsley are considered prime investment locations given they are tightly held suburbs within land constrained, infill locations.
Before making any investment, always conduct thorough due diligence and seek advice from Broadway Property – we specialise in the local Adelaide commercial property market.