Already known as a great place to live for renters, the returns are just as attractive for Adelaide’s investors. With average gross apartment yields around 3.8% in Sydney and 3.9% in Melbourne3 greater Adelaide’s 4.31% rental yield makes it a smart investment alternative. This, coupled with its status as Australia’s most affordable capital city, means it’s no surprise that Adelaide’s city residents are expected to rise by 2.4% per year through the next decade.4
And while young professionals, empty-nesters and international students may be drawn to city living in Adelaide for different reasons – they’ll all feel at home in Penny Place.
Deloitte Access Economic has forecast South Australia will be Australia’s fastest-growing economy in the 2018 financial year, and it has already established a position as the nation’s high-tech innovation hub, a leader in green infrastructure and renewable energy adoption – potentially our equivalent of San Francisco.5 And while young professionals, empty-nesters and international students may be drawn to city living in Adelaide for different reasons – they’ll all feel at home in Penny Place.
1Economist Intelligence Unit (EIU) Global Liveability Ranking, 2018
2Adelaide Apartment Market, August 2018 – JLL
3Adelaide Apartment Market, August 2018 – JLL
4forecast.id.com.au, September 2017
5Deloitte Access Economics Outlook , March 2018