Proud Developments
14/01/2022
Speaking of Victor Harbor - Where our latest development will soon be starting construction....Check out the following article to see why this area is an investor's dream.
Low vacancy rates and high rental prices are among the many challenges faced by South Australian renters. The latest challenge is the record speed in which properties are being snapped up by tenants.
Nationally, the median time a rental property is on the market is 21 days 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 impossible to find rentals.
The suburbs were ranked based on the highest change in house rental rates over the previous 12 months.
TOP 20 SA SUBURBS HARDEST TO RENT IN
Suburb, Annual rent rise, Average days on market
1 Henley Beach South, +$175, 15 days
2 Queenstown, +$90, 14 days
3 VICTOR HARBOR +$90, 14 days
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
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