PHIL MCMAHON REAL ESTATE BLOG

Adelaide’s most searched-for suburbs by international buyers


Adelaide’s most searched-for suburbs by international buyers

Adelaide’s most searched-for suburbs by international buyers
 
INTERNATIONAL buyers are eyeing off Adelaide’s coasts and latte-filled cosmopolitan suburbs according to a leading property website.
 
Data from realestate.com.au shows Glenelg is our most searched-for suburb overseas. Its neighbour, Henley Beach, is also among our 10 most-popular suburbs internationally, as are Hallett Cove, Brighton and Victor Harbor.
 
International buyers, most of whom come from the UK, USA and New Zealand, are also looking at suburbs with strong cafe culture including North Adelaide, Norwood, Mawson Lakes, Prospect and Stirling, the figures show.
 
Real Estate Institute of SA (REISA) CEO Greg Troughton says city and the sea are “well catered for” on the list.  “There is one area that does surprise me — Hallett Cove,” Mr Troughton says.  “While I’ve always regarded it as one of those little secret areas with enormous and existing potential, I had no appreciation that discerning international buyers had already caught on and discovered it.”
 
Coastal Real Estate specialist Phil McMahon, of Phil McMahon Real Estate, is not surprised to see Glenelg at the top of the list, given its mix of beach culture, events, retail outlets and restaurants.
 
“People don’t understand what they’ve got here,” Mr McMahon says. “The amount of restaurants and eateries and excitement... there’s a lot of entertainment.”
He jokes: “They’ve tried to keep it a secret but I think the word is out”.
 
Mr McMahon says the international market tends to buy Adelaide homes to live in, rather than as rental investments.
 
“They’re choosing Adelaide for the schools, the easy commutes and good beaches,” he says.
 
SA’S most popular suburbs with overseas buyers on realestate.com.au: 
1) Glenelg
2) North Adelaide
3) Norwood
4) Mawson Lakes
5) Henley Beach
6) Hallett Cove
7) Brighton
8) Prospect
9) Stirling
10) Victor Harbor
  
Where the searches they come from:
1) UK
2) USA
3) New Zealand
4) Philippines
5) Hong Kong
6) Singapore
7) India
8) Japan
9) China
10) Canada
Originally published as Top SA suburbs for international buyers
 
Source: http://www.news.com.au/finance/real-estate/adelaide-sa/adelaides-most-searchedfor-suburbs-by-international-buyers/news-story/6a702f7f6647e5a153b09aed1fbd54d3