Market/ Top Demand Suburbs Rentals

When purchasing an investment property, it is important to consider which suburb to invest in that will attract a high demand of tenants to minimise the cost of vacancy and that will see long term growth overall.

Adelaide has remained a strong state to invest in, with house prices increased by 2.7% in just the last quarter and average prices currently at $380 per week, with apartment averages at $300 per week.

Lets take a look at Adelaide’s most in demand suburbs!

HOUSES:

Golden Grove in Adelaide’s northeast is arguably the surprise on the list of SA’s most in-demand suburbs for rental properties.

The suburb, which sits in the Tea Tree Gully council area is about 23km from the CBD, has a median weekly rental price of $363.

It came fourth on a list of SA’s most searched-for rental suburbs on realestate.com.au, sitting alongside more inner-suburban and seaside areas.

Inner city and beach side suburbs predictably took out the top spots on the most in-demand rental suburbs list, with cosmopolitan Unley at number one.

The suburb, which is less than 5km from the CBD, is known for its shops and cafes, and restaurants.

1: Unley

2: Edwardstown

3: Brighton

4: Golden Grove

5: Reynella

6: Glengowrie

7: South Plympton

8: North Plympton

9: Camden Park

10: Richmond

11: Norwood

UNITS:

Looks like the beach suburbs remain in strong demand from renters!

1: Warradale

2: Oaklands Park

3: Grange

4: Brighton

5: Glenside

6: Unley

7: Broadview

8: Somerton Park

9: Mile End

10: Goodwood

11: Wayville

At RMC Realestate, we have experienced a strong volume of tenants attendance at open inspections across the board, which has resulted in multiple applications – where we Leased almost a property a day in the first week and half of January!

If you would like to know more on the Adelaide market, or would like information on our services – fill in your details below or contact Elinore Rositano, Director on 0402 148 373.

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