Adelaide a good place to invest!

A number of factors are affecting the continual demand for Adelaide city properties and have ensured city residential property prices have continued to climb.

1) The international Western trend of people to move into City centers.
According to the current Adelaide City Council's annual report almost 20,000 people now live in the city of Adelaide; this is an increase of 42 per cent since 2001. With the medium age slightly lower than the state average, the biggest increase was in residents comes over aged 55, this shows it is not only a young person trend.

2) Lifestyle: The ability to work and socialize close to home.
Adelaide City Council's website more than 4 million people attended events such as the Fringe and the Tour Down Under, in the past year, this an increase over 2.4 million people from the previous financial year.

3) Savings time and money.
Petrol Prices: As petrol prices remain over US$100 a barrel, property values close to an in the city move up as central city workers save on travel costs and travel time. Why commute for 45 minutes when you can walk for 10-20 minutes.

Of course these benefits need to be offset against the increased costs of purchasing the city and higher noise levels. As a city resident I will not be moving back to the suburbs.