Adelaide’s top 30 suburbs to invest in: Realestate.com.au report reveals SA’s winners

These are the 30 suburbs you should be investing in right now, according to realestate.com.au research. And they’re certainly a mixed bag! Did your suburb make the list?

Harcourts Smith’s Liz Miles flies the flag for North Haven – which has been highlighted as one of SA’s investment hotspots. Picture: Sarah Reed

A new report has revealed the top Adelaide suburbs to invest in right now.

The data from realestate.com.au analysed all metropolitan suburbs to compile a list of 30 suburbs ripe for investment, based on demand, historical capital growth and rental yield.

While no one suburb was identified as being the best in all categories, the report singles out all-rounders that should be on your list.

Mawson Lakes units, in Adelaide’s north, were winners for yield, with properties returning investors 6.7 per cent per year, ahead of Morphett Vale units in the south that make 6.4 per cent.

As for demand, St Agnes houses in Adelaide’s northeast saw the greatest increase, with 20.5 per cent more househunters looking in the suburb on realestate.com.au this July to last.

The list featured suburbs from right across metropolitan Adelaide – from Bridgewater in the Hills and Salisbury in the north, to Hallett Cove in the south, and Glenelg North in the west.

Turner Real Estate chief executive officer Emma Slape said investors were confidently returning to the market.

“Because the market has been so tight for well over the past six months, people are seeing it as a very solid investment,” Ms Slape said.

“We’re seeing demand right through metropolitan Adelaide, in all types of areas.

“The traditional themes around school zones and proximity to the city, people are thinking much wider than that because of the availability of stock.”

Ms Slape said there were two powerful data points investors should consider when buying a rental.

“One is yield, and that indicates an investors ability to service the loan; and the other is the longer term capital growth, as you can borrow against the equity in this in the future,” she said.

Among the properties identified as a hot investment tip were North Haven houses.

Houses are delivering a 4.7 per cent return to investors, and the house price has grown 168.7 per cent over the past 20 years.

Harcourts Smith’s Liz Miles flies the flag for North Haven – which has been highlighted as one of SA’s investment hotspots. Picture: Sarah Reed

Harcourts Smith business owner Kate Smith described North Haven as a “sleeping giant” and a prime investment spot due to recent developments in the area.

“With the submarine contract going ahead, that influx of 5000 employees are going to want to live close to where they work,” she said.

“For a long time North Haven’s been a very affordable coastal pocket, but like everything now that’s jumping very quickly.”

Ms Smith said North Haven was yet to experience the kind of development some of its neighbours had.

“There are plenty of blocks with wide frontages there that can be developed, so North Haven is untapped in that regard,” she said.

“I’m starting to get mainstream developers and building companies asking what is available at North Haven.

“It’s a sleeping giant, I don’t think it’s even begun to properly take off down there.

Ms Smith said interstate investors had made inquiries about all of the homes she had been selling in recent history.

“I have had interstate bidders either present or participating via Zoom at all of my auctions recently and that’s a trend I don’t see slowing down,” she said.

Originally published as Adelaide’s top 30 suburbs to invest in: Realestate.com.au report reveals SA’s winners