Is Adelaide Property market cooling down as well?

www.planning.sa.gov.au

 

Your comments are a bit deseptive maybe not deceptive just not painting full picture.

Adelaide is starting of a low base.

Places like. SYDNEY are at near full employment.

So yes Adelaide job growth is good. But it' because it was going backwards nowhere for a long time.
Although I love Adelaide spent my years travelling there

 

just rang Planning SA, got to know that the decision on DA for subdivision is still with local council. Planning SA is almost like a post office, and their role is mainly the issuance of title certificate.

 

Hilarious...I think what @DT was pointing out was that Radelaide is now a good place to invest..where there are jobs prices go up...but places like Sydney might have full employment but wages aren't catchin' up....so only one way for prices to head...and that down...down....as the Coles add says....

 

Something to consider is that the growth of the capital cities tends to 'trend' together. So chances are if Sydney prices start falling (at a median level), then growth in other capitals is likely to at least slow. This is evidence by checking growth rates across capitals:



Adelaide has under-performed many of the other capitals this cycle, so even if Adelaide growth slows over the short-medium term, I think it will outperform the likes of Sydney over say the next 5+ years.

This chart is 12 months old now (not much would have changed though), it shows the median house price in Sydney / Adelaide providing a ratio. When it nears the top of the range, Sydney is expensive relative to Adelaide, when near the bottom Adelaide is expensive relative to Sydney. Of course there is no guarantee that this range continues to cycle exactly as it has done in the past (e.g. increase in Apartments in Sydney, may result in houses becoming more sought after and a higher average ratio to Adelaide), however I think it is a reasonable indicator that Adelaide has the potential to be a better investment than Sydney for the time being:

 

Thank you! will do.

 

Your Surveyor will do all the work,they will be the project manager as such, i can recommend a good one i have dealt with many times.

 

Profit is made from changes in variables, not just from static positive figures. ie you may make a significantly better return on investment from an area/city/location which was suffering from extreme issues, then improved to 'average'.

 

My preference is with councils who have development policies for medium density, infill etc,a lot of the rules are relaxed compared to areas out of these policy areas.

 

Yes! for a straightforward subdivision.

 

Yes. Thank you!