Suburb Highlight: the Inner West

Now that auctions are back in full swing across Adelaide, investors can begin to get a sense of property hot spots around the city. Since last month, Toop&Toop has seen a 60% rise of potential tenants attending open homes with popular rental suburbs being Norwood, Grange, Kensington and Adelaide. 

The Inner West is proving to be the biggest hot spot for open home attendance post-COVID19 restrictions. Commenting on the $600,000-$700,000 price range, Toop&Toop Sales Agent, Thomas Crawford says the interest in the Inner West is “as strong as he’s ever seen it.”  

House prices in Thebarton have risen on average by $110,000 since 2016. Further west, Croydon has seen average prices rise from $100,000 to $660,000 over a four-year period. 

Since the late 2000s, the Inner West has become the place to be because of the close vicinity to Adelaide’s CBD and surrounding beaches, access to public transport, affordability and its unique mix of street art, pubs, restaurants and venues. 

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Toop&Toop Property Manager Bianca Pitman says that investing in the Inner West will entice a range of different tenants from all backgrounds of life. While places like Bowden, Findon and Grange are great for young people with a great selection of pubs, restaurants, markets and op shops, places like Semaphore and Port Adelaide will cater to the family demographic. 

“Now that Semaphore and Port Adelaide have been revamped, they are a prime location for families. With festivals, playgrounds, activities, beaches and great schools nearby, tenants will never be short for things to see and do,” she says. “The Port, especially, is on the verge of exploding. There are constant developments and improvements happening. I firmly believe that in five years, it will become Adelaide’s number one place to live.” 

Living in the Inner West herself and handling Toop&Toop’s Inner West rental clients, Bianca believes that investors should really open their eyes to the amazing and affordable offerings this area has to offer all sorts of tenants. 

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“The Inner West is definitely a cheaper place to live. You can rent a quality property under $500 per week and only be 20-30 minutes from the city,” she mentions. “I think that younger people are moving to the area because of its potential and cool vibe. It's very social and interactive and I think that’s what is appealing to people, particularly at the moment. Downsizers or ‘Empty-Nesters’ are also loving these areas because there is a great variety of smaller, low maintenance properties on offer.” 

Want to invest in the west? Get in touch with us now for more information

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