Adelaide apartment sales are showing strong capital growth according to RP Data’s latest Core Logic home value index results. When it comes to capital growth, Adelaide apartments are outperforming detached houses.
Looking at year-on-year capital growth, monthly growth value, rental yields and overall capital growth, Adelaide apartments are leading the way. Both capital growth figures and rental yield figures for the Adelaide apartment market are higher than the country’s national average.
Apartments in the right location, close to amenities, public transport and jobs, and a good floorplan are what investors should look out for as these will continue to offer the best rental return and capital growth into the future.
Combine the low interest rates with Adelaide’s strong property market, now is an ideal time to invest into the relatively new concept of apartment style living. While Adelaide has been slower on the uptake and acceptance of urban apartment living when compared to the eastern cities of Sydney, Melbourne and Brisbane, the city is quickly getting used to the idea of the ease of lifestyle that apartment living offers.
Those being drawn to the apartment lifestyle are from varying ages, nationalities and economic groups. Young adults, empty nesters and retirees are attracted to the low maintenance, security, public transport and amenities, as well as the relaxed yet vibrant lifestyle that apartment living offers.