SA slowly becoming a global property investment hotspot

By Gerv Tacadena | 28 May 2021

South Australia is shaping up to be a hotspot for property investment globally given the acceleration of its economic rebound, according to a study from ANZ

The study said the state's housing activity has reached a historic high on the back of robust interstate migration and an improving consumer sector. In fact, the volume of real estate transactions in the state has grown by 90.6% during the first quarter of the year, posting the biggest growth among capital cities.

"The housing component is at historic highs. Living in South Australia may have become more appealing, because of how well it managed the pandemic, apart from the November blip. As such, South Australia’s Stateometer housing component is the second strongest across the states, after Western Australia," the study said.

Besa Deda, chief economist at BankSA, said the high level of construction and housing activity continues to be a major driver of the state's economy.

"The lift in approvals will help generate a strong pipeline of residential construction activity and flow on to jobs which should sustain, if not lift, the level of employment in the state," she said. 

In the same way, the improvement in the labour market remains a significant force in lifting the consumer sentiment, and therefore the housing market activity.

Over the past 12 months, South Australia created 43,000 jobs. Furthermore, unemployment in the state has dropped to 5.7%, which is close to the 5.5% national rate.

Treasurer Rob Lucas said by the end of April, the state reported a 13.4% increase in jobs since the height of the COVID-19 pandemic. This growth was the second highest among all states.

"The Marshall government is investing $4bn in economic stimulus over two years to turbo charge the state’s COVID rebound, and independent reports like this show our positive plan is working,” he said.

Top Suburbs : tuart hill , coburg north , collingwood , west wodonga , lalor park


Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here