Why now is the time to invest in Adelaide

Adelaide is expected to be one of Australia’s best performing capital cities over the next few years, in terms of apartment capital growth.²

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.