Adelaide's most affordable suburbs cluster some way north of the city, but they benefit from good hospitals and schools, and increased spending on infrastructure, says Greg Troughton, CEO of the REISA.
Adelaide's most affordable suburbs cluster north of the city, particularly around the Holden manufacturing plant which is scheduled to close in October this year, but they benefit from good hospitals and schools, and increased spending on infrastructure, says Greg Troughton, CEO of the Real Estate Institute of South Australia.
"The suburbs [on the list] are a fair way north and south of the city, but with reasonably good transport infrastructure, hospitals and schools we can certainly show the upside, even with Holden moving out of the North in next couple of years," Troughton told SCHWARTZWILLIAMS.
Despite the "tyranny of distance", Adelaide is called 'the twenty-minute city', he said, "it takes around 20 minutes to get almost anywhere".
"Public transport is forever improving in Adelaide," said Troughton. The O-Bahn project, worth several million dollars, will save commuters upwards of ten minutes in their early morning commute to work, he said, and the doubling of the Southern expressway will make the southern areas more attractive.
"The multimillion dollar Northern Expressway has removed a lot of the 'tyranny'," said Troughton.
A suburb's "popularity is impacted by the services around them", said Troughton, adding that "it’s great to see such investment being made".
Source: REISA.
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