5 Tips for Investing in Adelaide

5 Tips for Investing in Adelaide

Adelaide is known to be a stable hub of property and business investments, and with solid growth in many important categories, there’s no better time to get involved.

In particular, Adelaide’s property market boasts strong growth, with a wide variety of opportunities for new investors. Whether you’re a local looking to build an investment portfolio or if you’re from interstate Adelaide has plenty to offer.

So, here are our 5 tips for property investment in Adelaide

1. Find the right location

Location, location, location. It’s the governing detail that determines the success of all property transactions. For your investment, finding the right location that provides you with the growth, cash flow, and rates you need is the first step.

Commuting in Adelaide is much easier than in other capital cities, with most people spending less than 20 minutes on the road for any given trip. So, if your property is too far away from the city or the beach, people may hesitate to rent from you.

If you’re looking for a property to dress up and lease as a holiday home, then proximity to beaches or attractions in the state will be a priority. Conversely, a townhouse in the CBD or a property close to the city appeals to a different market.

For stable growth, you should look to one of Adelaide’s many booming suburbs on the perimeter of the city. Due to the population growth and infrastructure improvements around the city, these suburbs are steadily increasing in value.

For your investment portfolio, Adelaide is likely to have a location that fits your purposes. Decide exactly what you hope to achieve and then do your own research to find the right place.

2. Be patient

Currently, the property market in Adelaide is still robust, but it does seem to be softening slightly. Any time can be a great time to buy but be careful not to jump in out of fear of missing out. If you are patient and wait for the right opportunity, your long-term investment is more likely to be more substantial.

With housing materials still in short supply, new houses aren’t being built as quickly as the demand requires. Due to the competition, many investors are careful about entering the market.

Don’t be afraid to express interest; just because there’s some competition and the market is currently advantaged toward sellers, there are still plenty of opportunities to make significant investments. If you prepare now, when more opportunity arises, you’ll be well-positioned to take advantage.

3. Use a property manager

Especially if you’re an out-of-state investor, but even for a local, it’s a good idea to employ the services of a property manager.

A good property manager is experienced in finding reliable renters and maximising your return on investment. They also take care of a host of issues and secure your investment, saving you time and stress.

4. Adelaide is great for long-term investments

With its lower-than-average property values and broad appeal for immigration, Adelaide is a safe place for long-term growth.

Frequently ranking in the top 10 most liveable cities, the culture and cost of living in the city of churches is a driving force causing people to migrate from all over the country, and overseas. It’s estimated that over half-a-million people will move to Adelaide by 2050.

The city looks toward the future with solid infrastructure, competitive labour rates, fast and reliable public transport, affordable office spaces, and firm innovation. This is great for any investment you make to grow safely and stably.

5. Don’t forget the basics of all investing

Like all good investments, you should follow the basic rules. Evaluate your position, pursue clear goals, diversify your assets, research, and stay focused on your plan.

While Adelaide is a great place to build an investment portfolio, it still comes with its own risks. So, be prudent and plan ahead.

If you’re ready to start investing in Adelaide, talk to an expert

For the best advice on your Adelaide investment strategy, speak to an expert who understands the local property market.