Meridian Australia has identified a key suburb in the north of Adelaide, within 30 minutes from the CBD.
The key market of choice is a low residential housing market and the suburb is dominated by owner-occupiers consisting mainly of young couples and families.
The market boasts a variety of parks, sporting facilities, and walking and bike tracks and has a mix of highly regarded public and private schools as well as two major shopping centers.
The market is geographically well positioned approximately 30 minutes to Adelaide CBD itself and the Adelaide airport, as well as 25 minutes to Semaphore Beach and 40 minutes to Barossa Valley.
The suburb is highly demanded by young couples and families due to the proximity to the Adelaide CBD offering city living aspects, but the area still offers beautiful open spaces.
Families of the suburb have many choices when it comes to education.
The suburb is also located only 7 minutes from the University of South Australia Mawson Lakes Campus and the University of South Australia, City East Campus is located 25 minutes away.
The key residential property market will also benefit from surrounding employment sectors and higher education offerings all within 20 minutes from the suburb itself.
This key infrastructure includes the Royal Australian Air Force (RAAF) military air base located in Edinburgh which is a major long-term employer which will have a positive influence on Adelaide and specifically the key northern market.
Also nearby is the Mawson Lakes Technology Park Anchored by global companies such as Codan, Daronmont Technologies, Lockheed Martin, Saab Australia, and Tindo Solar, the park is now home to over 100 companies. (1)
Young residents will also benefit from having quick access to the University of South Australia Mawson Lakes Campus which is part of UniSA and boasts over 37,000 students, 6800 international students, and over 2900 staff. (2)
Residents will also benefit from being close to the Barossa Valley wine region.
The Barossa Valley is home to more than 150 picturesque vineyards and 80 cellar doors as well as many restaurants, historic homesteads, and classic hotels, and is one of Australia's most famous wine regions.
The region also offers many family-friendly activities such as The Barossa trail (40km sealed bike path), the Barossa Adventure Station in Angaston (outdoor playspace), many nature walks, and the family can enjoy kayaking or fishing in the South Para reservoir (South Australia's second largest reservoir).
The fundamentals look to be aligning for the key northern Adelaide market which looks to be entering a growth phase of the property cycle achieving strong results in 2021 and 2022.
The market experienced strong capital growth in 2021 increasing 17.4% and has experienced a further 27.3% growth in 2022 so far (September 2022)
As of September 2022, the property gross rental yield for houses in the market is 5.2%
The vacancy rate is currently 0.1% as of August 2022 (considered an undersupply within the rental market)
The market is dominated by owner-occupiers (78.2%)
Looking to get the property investment conversation started?
Or, just looking to stay in the loop?
Jarryd Gauci – Property Investment Consultant
P: (02) 9939 3249
Disclaimer: When considering purchasing a property, it's always prudent to seek the advice of an appropriately qualified professional to determine which strategy is most appropriate for your circumstance.