Adelaide has been named as the next big investor hotspot.
Speaking to Real Estate Business' sister title The Adviser, Destiny Financial Solutions’ Margaret Lomas Adelaide should be considered by investors as the new Perth.
“Perth did incredibly well a few years ago and continues to produce strong results and I think Adelaide is going much the same way,” she said.
“Adelaide is definitely going to have a lot of interest. It has the beauty of having some mining interest, without being mining dependent – it really is a very diversified place.
“Adelaide is also where a lot of imports and exports are done because the port is so easy to access. Ultimately, Adelaide will continue to be a hotspot of activity.”
As such, Ms Lomas said any investor that is prepared to “hold their property” for a while will reap the benefits of investing in this up and coming state.
“Yields will keep growing, values will keep growing and it will make solid addition to any portfolio,” she said.