Ten hotspots named for Adelaide

Ten hotspots named for Adelaide

Posted on Wednesday, March 07 2012 at 2:51 PM

Ten Adelaide ‘hotspots’ with future development or investment potential have been identified by development company Zybek Consulting and Management (ZCM). The suburbs are Prospect, Clearview, Woodville, Oaklands Park, Port Noarlunga, Bowden, Gawler, Semaphore, Mount Barker and Seaford.

ZCM director Simon Zybek says the suburbs were chosen because the State Government is investing heavily in those areas as potential transit-oriented developments and they’re set for positive growth.

“Those areas and regions are expected to experience the greatest growth and will most likely be centred on the transport corridors, infrastructure projects and major industries,” he says.

“Unlike Australia’s major cities, Adelaide has predominately lower density housing and this, coupled with Adelaide’s growth, suggests there are good times ahead.

“The major drivers for Adelaide will be population growth, predominantly as a result of the State Government’s push for a larger portion of immigrants, resource projects, defence contracts and education.

“The current market is a great time to land bank a good development site, however you still need to be diligent when purchasing a development site.”

Zybek adds nearly 80 per cent of development sites reviewed by the company are either overpriced or not as attractive as they first appear. 

“A high percentage of potential sites are risky propositions and are often presented as being more developable than is actually the case.”

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