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