Consistent high demand relative to supply is a key feature in North Adelaide driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in North Adelaide ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in North Adelaide provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in North Adelaide to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|99 BROUGHAM PL, NORTH ADELAIDE, SA, 5006||5||4||2||Price on Application|
|UNIT 8, 45 KING WILLIAM RD, NORTH ADELAIDE, SA, 5006||1||1||$260k -$280k|
North Adelaide Primary School
St Dominic's Priory College(While the above schools are located with the suburb of North Adelaide there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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