As the national property market continues its swing back to recovery, a surprising corner of the country dominates the top price growth list.
PHOTO: Booming suburbs
Half of the top 10 booming suburbs are located in Adelaide, while realestate.com.au chief economist Nerida Conisbee says buyers have flocked back to areas across the country that are typically regarded as premium.
Up until the May federal election, Australia was in the grip of a property downturn but the analyst says the South Australian capital avoided the dramatic losses experienced across the country.
“SA does seem to be a market that is less prone to speculation, so we don’t tend to see such boom or busts occurring in Adelaide,” Ms Conisbee told news.com.au.
“It’s generally a fairly stable market.”
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