Looking ahead to 2024, Adelaide's suburbs and regional towns are again catching the eye of investors, showing potential for rewarding returns. Particularly, city units in Adelaide are expected to offer the highest returns. The median price for a unit in Adelaide CBD is quite attractive at just $430,000. Coupled with a low vacancy rate of around 0.4% over the past year, median asking rents for units have climbed by nearly 13%, pushing rental yields to a robust 6%.

"Hotspotting" has released a report pinpointing other key affordable areas in Adelaide set for growth in 2024. This includes housing in Christies Beach, Elizabeth Park, Gawler, Murray Bridge, Mount Barker, Mount Gambier, Salisbury, and Victor Harbour.

Murray Bridge stands out regionally as a top investment choice, consistently proving to be a reliable option. Its appeal lies in its affordable median house prices in the mid-$300,000 range and a persistent low vacancy rate under 1% since April 2020. This has resulted in a healthy rental yield of 5.3% and a 17% increase in median asking rent for houses over the past year.

Adelaide's investment appeal stems from its stable market, robust economy, and relative affordability compared to other Australian capitals. However, it's also crucial to factor in potential future infrastructure and job opportunities in these areas, as they are likely to fuel further demand and price growth in the property market.