Ensure you never miss an issue of the
real estate business bulletin
Adelaide to become investor growth hotspot

Adelaide to become investor growth hotspot

by Stefanie Garber 0 comments

The sluggish Adelaide market may turn out to be a "growth leader" over the next six months, a national property analyst has predicted.

Terry Ryder from Hotspotting.com.au said the Adelaide market had not yet begun to move.

 “I think Adelaide is just beginning its run,” he said.

In his view, slow price growth coupled with rising sales volumes indicate the market is set for a turnaround.

“It hasn't shown anything in terms of price growth, only a few per cent really," he said.

“But if you look at sales volumes right throughout the Adelaide metropolitan area, there's a definite upturn in momentum there.

“I think by the end of this year, we'll be saying Adelaide is one of the growth leaders.”

Mr Ryder believes that while some cities have seen high growth, the rest of the nation’s markets are just starting to revive.

“I actually think that, in terms of a national property boom, we haven't had one yet. We've had a Sydney property boom,” he said.

Alongside Adelaide, he predicted both Brisbane and Hobart would pick up over the next year.

Darwin appeared to be gaining momentum while Melbourne and Perth still had room to grow, Mr Ryder said.

Adelaide to become investor growth hotspot
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?