15/01/2022
Adelaide - A Residential Investors Paradise!
Here's another indication of how tight the South Australian rental market is.
Low vacancy rates (North, South, East & West Adelaide's avg vacancy rate = 0.4%) and high rental prices are two of the many challenges faced by Adelaide renters but a new challenge is the speed in which properties are being snapped up by tenants.
Nationally, the median number of days a rental property is on the market is 21 but in Adelaide it’s only 14 days.
Research commissioned by Well Home Loans has identified 20 suburbs in South Australia where rents are surging and it’s become near impossible to find rentals.
The suburbs were ranked based on the highest change in house rental rates over the previous 12 months.
TOP 20 South Australian hardest suburbs to get a rental property:
Suburb / Annual rent rise / Average days on market
1 Henley Beach South, +$175, 15
2 Queenstown, +$90, 14
3 Victor Harbor, +$90, 14
4 Renown Park, +$75, 18
5 Clearview, +$65, 15
6 Strathalbyn, +$60, 14
7 Northgate, +$45, 17
8 Wynn Vale, +$40, 20
9 Rosewater, +$40, 14
10 Nairne, +$40, 13
11 Hallett Cove, +$40, 12
12 Happy Valley, +$40, 11
13 Windsor Gardens, +$35, 18
14 Valley View, +$35, 17
15 Croydon Park, +$35, 17
16 Enfield, +$35, 17
17 Para Hills, +$35, 16
18 Goolwa, +$35, 15
19 Andrews Farm, +$35, 15
20 Royal Park, +$35, 14
