North Adelaide is a predominantly residential precinct of the City of Adelaide in South Australia, situated north of the River Torrens and within the Adelaide Park Lands.
Surveyor-General Colonel William Light of the colony of South Australia completed the survey for the capital city of Adelaide by 10 March 1837. The survey included 1042 acres (4.2 km²), including 342 acres (1.4 km²) north of the River Torrens. This surveyed land north of the river became North Adelaide.
North Adelaide has a population of 6,678 people and 47.72% of its occupants live in rental accommodation. The median listing price for houses is $750,000 and this has changed -6.25% over the past year and changed -5.89% over 2 years. The median rent in North Adelaide for houses is $450 per week and the median rental yield is 3.12%. Stock on the market for houses/townhouses has changed -2.50% compared to last year and the average time to sell a house/townhouse is 111 days.The median listing price for units is $362,500 and this has changed 0.69% over the past year. The average unit takes 126 days to sell and the median rent for a unit in North Adelaide is $330 per week, producing a rental yield of 4.73%.
The current vacancy rate in North Adelaide is 4.45% and there’s 18 rentals on the market, so you need a good property manager to be able to invest in North Adelaide!
DT Property Management North Adelaide is a specialist in property management and is looking for more Investment Properties in North Adelaide and surrounding suburbs.
Looking for a specialist property manager in North Adelaide? Call us today for a friendly chat on 0477 778 871.
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