With property prices soaring in major cities of Australia, people are looking for an alternate location to invest in land deals. This is where the underdog city of Adelaide comes in! It has been considered to be the most livable city globally for five consecutive years. The city is located in the southern part of Australia. Also, it is not very far away from other major cities in the country.
Given the budding opportunity for sales, many developers and builder Adelaide have come up with package deals for their prospects. However, not everybody is investing in these house and land packages Adelaide. The reason? It’s simple; not everybody understands the aspects of property investments precisely.
We have laid down a list of important factors that you must consider before investing in a property in Adelaide. So let’s have a look:
Factors That Make Adelaide One Of The Most Profitable Investments!
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Enhanced Returns On Investment:
Adelaide has gained a lot of popularity over the past few years. Because, there have been enhanced returns on investments earned by investing in this city.
In fact, now Adelaide is considered a much more stable property market compared to other cities in the country. The different suburbs in the city, including West Beach and Henley Beach, Grange have gained a lot of traction among investors. Further, one can even check out the affordable suburbs lying on Adelaide’s northern and southern sides.
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Amazing City To Live In:
Adelaide might not bag the top three rankings for being the top city, but it definitely appears in the top ten list of top cities. This is a remarkable achievement for the city and the people living in it. It has got some great educational institutions, and the city’s relaxed atmosphere is made much better with the friendly people living in Adelaide. In addition, the city is mostly free from any type of traffic congestion and people can get from one point of the city to the other in just fifteen minutes.
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Stamp Duties Are Inclusive On Property Purchase:
Even though the city’s real estate is affordable, the stamp duty is just a different story entirely. Generally, the stamp duty fee in the city lies between four to five cents on the overall price of the property. The main reason behind this is that the state legislature has failed to adjust down the stamp duty. In most cases, the house and land packages Adelaide are inclusive of all the stamp duty amounts.
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Two-Day Cooling Off Period Without Any Penalty:
One of the biggest perks of buying property in Adelaide is that the city has a two-day cooling-off period without fines or penalties. There is a financial penalty for cooling period in other cities, but in Adelaide, that penalty is zero.
Bottom Line
The real estate market of Adelaide is very likely to grow in an upward trajectory. Therefore, if one makes an investment in a property today, the chances of getting enhanced returns of investments in the future are significantly high. Nonetheless, make sure to consider all the pointers mentioned above before investing in Adelaide.
