A semi-ru­ral liv­ing space is a top ticket item for many writes,

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PEO­PLE are in­creas­ingly look­ing to Ade­laide’s out­skirts and be­yond to buy a block of land. Real Es­tate In­sti­tute of SA pres­i­dent Greg Nybo says buy­ers are warm­ing to semiru­ral de­vel­op­ments as more op­tions come to the mar­ket.

‘‘There is great news for buy­ers who are pre­pared to look fur­ther afield be­cause there is a plethora of choice and a large amount of stock on the mar­ket,’’ he says.

‘‘When you are en­ter­ing into a wide va­ri­ety of choice, there are pretty at­trac­tive deals avail­able.’’

Mr Nybo says that those who buy into de­vel­op­ing ar­eas can be re­warded in the long run.

‘‘When you are mov­ing into ar­eas where in­fra­struc­ture is emerg­ing or to be brought for­ward, if you are in it for the long haul, you can re­ally take ad­van­tage of cap­i­tal growth over a pe­riod of time,’’ he says.

‘‘When An­drews Farm was built right on the edge of town, those peo­ple who bought there have re­ally ex­pe­ri­enced some ma­jor cap­i­tal growth be­cause things like schools have ar­rived and the North­ern Ex­press­way has been built.’’ Mr Nybo says fu­ture in­fra­struc­ture up­grades, in­clud­ing the Seaford rail ex­ten­sion, South­ern Ex­press­way du­pli­ca­tion and elec­tri­fi­ca­tion of the Gawler train line, will con­tinue to drive de­mand for de­vel­op­ments on Ade­laide’s out­skirts.

Lanser Com­mu­ni­ties di­rec­tor Shaun Bow­den says that by look­ing a bit fur­ther out of town, buy­ers can land them­selves a good buy.

‘‘You get to look at some larger blocks of land for more af­ford­able prices,’’ he says.

‘‘As well as this, you get the ben­e­fits of go­ing into nice com­mu­ni­ties and very fam­ily-ori­en­tated places that still have all the ser­vices.’’

Mr Bow­den says de­vel­op­ments such as Lanser’s Freel­ing Es­tate, on the out­skirts of the Barossa Val­ley, of­fer the best of both worlds.

‘‘The north­ern em­ploy­ment cen­tres are grow­ing and there are a lot of jobs in the de­fence in­dus­try and the Barossa re­gion,’’ he says.

‘‘We have the North­ern Ex­press­way now, which makes the drive out north a lot quicker and eas­ier. So you get the ben­e­fit of liv­ing close to where you work and be­ing con­nected by the new in­fra­struc­ture.’’

Hous­ing In­dus­try As­so­ci­a­tion SA ex­ec­u­tive di­rec­tor Robert Hard­ing says now is the best time to buy a block of land and build a new home.

‘‘It’s prob­a­bly one of the best times we’ve seen to en­gage a builder for four or five years,’’ he says.

‘‘We’ve had the an­nounce­ment from the head of the Re­serve Bank that in­ter­est rates will re­main on hold for some time now.

‘‘What we are also see­ing is with some new build­ing en­trants into the mar­ket, prices are very com­pet­i­tive and a lot of builders are of­fer­ing very af­ford­able add-ons to the ba­sic build­ing con­tract.’’

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