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When it comes to investing in property Adelaide is a great opportunity since it is Australia’s 5th largest city.
Adelaide’s is one of Australia’s best designed cities with a mix of historic buildings surrounded by parklands. Adelaide has a moderate climate and is known for its wide range of festivals and events throughout the year. Approximately 77% of South Australian residents live in Adelaide city, ranked by the Economist Intelligence Unit (EIU) as one of the world’s top five liveable cities.
Adelaide residents are well educated, with 17% of the adult population holding a university level degree. Adelaide has a competitive business market with KPMG noting that the city is the most cost-competitive capital in Australia in which to do business.
The city’s population is steadily growing, and will see the addition of around half a million extra residents over the next 30 years. The Australian Bureau of Statistics (ABS) estimate that an extra 85,533 new dwellings will be needed by 2030.
The Government’s new ‘30-year plan for Greater Adelaide’ forecasts the creation of more than 50,000 new jobs as the city expands and prepares for government forecast economic growth of more than $128 billion.
And with rising property prices Adelaide remains more affordable investing in property than Sydney, Perth, Brisbane and Melbourne.
‘The Festival City’ is steadily becoming a well considered property investment destination.
Book a FREE Personal Strategic Analysis with your local Ironfish office, and you can get a full copy of this MyCity Adelaide report during the analysis.
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