Best Suburbs to Invest in Adelaide

Adelaide is quickly cementing its position as one of the prime capital cities for property investors. With its strategic location, robust economy, and diverse range of commercial properties, the heart of South Australia is perfect for those looking for sustainable long-term returns.

In this article, our team at Rethink Investing will highlight the best suburbs to invest in Adelaide, focusing on commercial real estate, average yields and more.

Why Choose Commercial Property Investments in Adelaide, South Australia?

The Adelaide market offers a stable, growing economy alongside a record-low unemployment rate, making it one of the best opportunities for commercial real estate in many years.

The city’s strategic location and transport infrastructure can accommodate a range of sectors, and the state government is also making a sizeable $18.6 billion investment in several infrastructure projects to create opportunities for new jobs and organisations, such as the River Torrens to Darlington (T2D) Project, Majors Road Interchange, and Hahndorf Township Improvements and Access Upgrade. In fact, Adelaide was recently named the third-most liveable city in the world by the Economists Global Liveability Index report.

Moreover, Adelaide property prices are far more reasonable than other capital cities in Australia, and investors can expect attractive rental yields. Adelaide’s commercial real estate market is currently experiencing a surge in demand, so investors can also expect healthy capital gains over the long term.

Read our commercial property buying guide for investors] for more information.

Best Suburbs to Invest in Adelaide

A variety of Adelaide suburbs have seen steady capital growth in recent years, but still offer far more lucrative opportunities for commercial property than other states and major cities. Investors can find competitive yields for spots in various sectors throughout several key suburbs, including:

Christies Beach

Christies Beach is a seaside suburb located 26 km outside of the CBD. The area is renowned for its stunning coastline, relaxed atmosphere, and thriving local economy.

One of the main draws of investing in Christies Beach is the area’s ongoing transformation, such as revitalising the popular commercial strip found along Beach Road in the Christies Beach Tourism Action Plan 2022-24, set to attract countless newcomers to the area. There are also many road works, town planning, public arts, and greater infrastructure projects planned throughout the City of Onkaparinga that will enhance the suburb’s connectivity, accessibility and enjoyability. Paired with relative affordability properties and strong annual yields, Christies Beach may be the perfect opportunity for savvy investors looking at the best suburbs in Adelaide.

Dover Gardens

Dover Gardens is an attractive investment opportunity for investors looking for a versatile commercial property portfolio, having seen significant increases in buyer demand across recent years. The suburb is located near major arterial roads, including the Southern Expressway and Marion Road, making it a well-connected business location. It is also situated close to the Flinders University & Flinders Medical Centre precinct, the Tonsley Innovation District, and the Westfield Marion shopping centre, acting as a hub for various sectors and providing a steady stream of demand for commercial spaces.

Given it is only a short distance to nearby beaches, too, Dover Gardens is an excellent location for investors seeking reliable cash flow from Adelaide commercial real estate.

Craigmore

Craigmore is located in the northern suburbs of Adelaide and is known for its ample supply of cost-effective commercial properties. The area boasts several excellent schools, parks and sports fields, well-equipped shopping centres, and key rail connections and roads, including the Northern Expressway and the Main North Road.

The area is also undergoing significant development, with numerous infrastructure projects and developments underway. The Playford Alive development, which is a significant urban renewal project that aims to create a vibrant and sustainable community, is located nearby and is set to drive demand for commercial properties, holding a total value of $1 billion.

Semaphore Park

Semaphore Park is another popular beachside suburb located 14 km northwest of the capital city. Many consider this area a hidden gem just waiting to be discovered, offering a wonderfully balanced lifestyle amid a selection of commercial properties available. There is also potential for growing crowds of tourists visiting the area, especially during the summer months, elevating demand for hospitality venues along the picturesque beach strips and annual festivals being held along the foreshore, such as the Semaphore Street Fair.

The suburb is an excellent location for businesses that want to operate in a relaxed coastal environment, but enjoy accelerated capital growth. Commercial apartment complexes are also showing promise, with the median price for units growing 7.4% in the past 12 months alone, leaving this as one of the best investment areas in Adelaide.

Seaford

Seaford is a family-centric suburb located in the southern suburbs of Adelaide, 32 kilometres from the CBD. This beachside haven has greatly benefited from the recent shift in city-dwellers relocating for a more affordable, balanced lifestyle, and with the new extension of rail links and upgrades to the Southern Expressway, demand has grown (and continues to grow) for local businesses in recent years.

Surrounding areas like Seaford Meadows, Seaford Rise and Seaford Heights are all enjoying surging popularity and economies with plenty of green spaces and beaches accompanied by retail spaces, offices, warehouses, and potential hospitality spots. As such, Seaford is an excellent location for companies and investors seeking to expand their footprint in the southern suburbs of Adelaide.

Elizabeth Vale

Elizabeth Vale is a buzzing suburb in the City of Playford, one of the most in-demand and growing commercial property markets in not just Adelaide or South Australia, but the entire country.

It is situated near various key investment areas, such as the popular Elizabeth City Centre, surrounded by the Edinburgh Defence Precinct, Edinburgh Airport, and Lyell McEwin Hospital, drawing a range of professionals to the area. There is plenty of shopping & retail spaces, offices, medical and consulting areas, industrial precincts and more available.

With a selection of schools and beautiful green spaces, young families are showing a growing demand for accommodation in commercial apartment complexes. Median unit prices have risen 41.8% in the last year alone while still delivering strong yields.

Gilles Plains

Tucked away in Adelaide’s eastern suburbs, Gilles Plains is another market seeing extraordinary commercial opportunities, with property prices at nearly half of those in similar areas throughout larger cities in Australia. The area is seeing a surge in growth, with families flocking to the suburb due to various schools in the areas, parks, golf courses and employment zones, stirring up the local economy. What’s more, the TAFE SA Gilles Plains Campus consistently provides businesses with a pool of skilled workers, and the nearby Tea Tree Plaza Shopping Centre provides a diverse range of potential retail and dining options, as well as nearby showrooms, offices, and land for development.

Munno Para

Munno Para is another popular suburb in the Playford Region, a 45-minute drive from the Adelaide CBD.

The Playford Alive urban renewal project seeks to develop a vibrant, sustainable, well-integrated community that promotes economic growth and skills training. With key rail and motorway connections, Munno Para has quickly become an affordable and accessible suburb with a range of commercial properties for investors to consider, including large format retail strips, showrooms, office spaces, industrial precincts and more.

Adelaide Real Estate & Investment Management Experts

Investing in commercial real estate in Adelaide can be a complex process, and it is essential to have expert advice to ensure that you make informed investment decisions. At Rethink Investing, our team of commercial buyer’s agents in Australia have over 110 years of combined experience. Whether it is in the metro area or the regional suburbs, we can help you navigate the market to find the best property investment areas in Adelaide.

To learn more about how we can help you find the right commercial real estate in Adelaide, please contact us today.