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SA Property Market a Strong Long Term Investment

Property in Adelaide is currently moving at a sluggish pace, but figures suggest that the city and the state have been performing very well for investors over the long-term.

For example, during the December quarter in 2012 around 30% of homes that were sold made a return of double what was originally paid for them.

These figures contributed to an average capital gain of over $250,000 with the average hold period being a reasonable 13 years.

Andrew Peterson of the NextHotSpot.com.au said that while SA is lacking the impetus needed for short term rapid growth, the city still has outstanding long term prospects for an investor.

There are also upcoming proposals that Peterson advised investors to look out for. These include the rezoning plan for Brighton Road which will enable properties to double in height from two stories to four stories along the 1.5km stretch.

Source: http://www.yourinvestmentpropertymag.com.au/news/sa-property-market-stronger-than-data-suggests-177676.aspx