South Australia’s supercharged suburbs for investors revealed

Buyers looking for a lucrative investment property should consider buying in these eight SA suburbs now before prices rise more.

The best spots for investors to buy across South Australia have been revealed, with latest data showing where property prices are tipped to jump based on rising sales activity.

The city has eight areas in Hotspotting’s national list of 74 ‘supercharged suburbs’, which shows where sales volumes have been consistently rising for three quarters or more and prices are expected to follow.

Hallett Cove topped the list, recording rising sales activity in the past seven quarters, from 57 transactions up to 78.

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Glenelg East, Greenacres and Para Hills West followed, each recording five quarters or rising sales activity.

Hotspotting director Terry Ryder said he tracked rising sales patterns instead of median price measures because they were a more reliable predictor of future price growth.

“History shows us there is a correlation between sales volumes and price movements – the number of sales changes first and prices react, with a time lag,” Mr Ryder said.

“This is true whether markets are rising or falling.

“In the case of our supercharged suburbs list, it’s fair to say that all of these are experiencing strong market conditions with many posting rising sales volumes for more than a year.”

Harcourts Plus agent Karen Nelson wasn’t surprised Hallett Cove made the national list.

Given its coastal position just 25km from the city and that it has two train stations, a conservation park, shopping centre and several schools, Ms Nelson said there was a lot to love about the suburb.

Sales have been on the rise in Hallett Cove. Picture: realestate.com.au

Hallett Cove has had seven quarters of rising sale activity. Picture: realestate.com.au

“It’s always been a very sought-after suburb,” she said.

“The buyer activity is very, very strong here but this year the buyer demand has way outstripped supply.

“In 2023 listings in Hallett Cove have been down about a third.”

Ms Nelson said the coastal suburb attracted a range of buyers, from locals to those moving from interstate and owner occupiers to investors.

Further north, Ray White Prospect director Stefan Siciliano said he hadn’t noticed Greenacres sales volumes rising but he could understand why the suburb was on the list.

Given the suburbs that surround it, Mr Siciliano said it was a “little hidden, affordable pocket”.

He said a slight increase in listings could also be why the suburb had more sales each quarter.