SA Excerpt from the 2013 June Market report


This month, has contributed the market report for SOUTH AUSTRALIA


The spectre of last year’s postponement of BHP’s Olympic Dam development has continued to keep the SA economy relatively subdued and real estate markets along with it. The tide will inevitably turn one day, but it’s di cult to predict when this will be. Areas of Adelaide with infrastructure enhancements in transport, education and medical facilities present opportunities for investors to prepare for impending growth.


At the macro level, BHP’s Olympic Dam project has long been seen as the ‘make or break’ issue for the entire SA economy. While this has been proven to be not entirely correct, there is no doubt that the decision by BHP to delay development of this massive resource has restrained short term growth.


Ironically, the delay has prompted action that makes the long-term future appear more secure, but the benefits are some way o yet. Rio Tinto has started exploring the Vulcan site virtually next door to Olympic Dam, and the SA government has opened up the Woomera area for resource exploration. Even disregarding Rio’s current issues, the process to begin construction, let alone see production benefits, takes time.


We think SA will come good, but we’re waiting for the signs of when.


Parts of Adelaide stand to perform well in the long term, typically areas with lifestyle appeal, recent transport improvements and, most critically, affordability.


With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : ferntree gully , west rockhampton , queens park , whyalla , wiley park

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