Top spot for detached homes

By Gerv Tacadena | 25 Sep 2020

If there's one place in Australia where most home hunters are more likely to buy houses than units, it would be Adelaide, according to a study by Domain.

The study found that demand for houses increased over the four weeks to 6 September by 31.2%. On a weekly basis, demand for houses rose by 5.5%, the steepest weekly gain recorded among all capitals.

"While this will reflect the property landscape, it also reveals the owner-occupier nature of the South Australian housing market and preference for houses," said Nicola Powell, senior research analyst at Domain.

Despite the dampening activity due to the impacts of the COVID-19 outbreak, Powell said demand actually remains elevated compared to last year. In fact, search activity for houses is 38.1% higher than last year.

"Adelaide was one of only two capitals to have the city centre as its most in-demand area. The other highly in-demand areas are within close proximity to the city centre, including Norwood-Payneham St Peters, Prospect-Walkerville and Unley," she said.

Buyer demand is also strong in Canberra, particularly for houses. In fact, during the first week of the month, demand for houses increased by 4.9%.

"While pandemic-related lockdowns significantly affected activity from people likely to buy across the Australian capitals, Canberra has been particularly resilient in comparison to other cities. Buyer demand continues to rise as the spring selling season commences," she said.

Top Suburbs : westmead , bendigo , lockridge , stafford hts , narara

SHARE

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