Adelaide’s housing market is constantly evolving, and as we look to 2023, there are a few key trends that are worth keeping an eye on. Whether you’re a homeowner, a property investor, or just looking to enter the market for the first time, these trends could have a big impact on the way you should approach the market this year.

Low-Maintenance Properties

With more people working from home and looking for ways to simplify their lives, there has been a growing shift towards low-maintenance properties in Adelaide. This could mean anything from moving to units and townhouses to smaller houses that come with smaller yards. Low-maintenance properties are often more appealing to buyers if you are looking to sell as they require less work for them when they move in. Low-maintenance homes also tend to incorporate sustainable features such as energy-efficient appliances and materials which can help save homeowners money on energy costs and reduce their environmental impact. These types of properties are often more affordable and require less time and effort to maintain, making them an attractive option for busy professionals and families.

Moving towards inner-city living

As more people are looking to reduce their carbon footprint and make the most of the city’s amenities, there has been a trend towards inner-city living in Adelaide. Inner-city living can reduce commuting times for those who work in the city, saving them a great deal of time and money. There is also potential for higher property values as inner-city properties are often high in demand, which can lead to a strong return on investment for homeowners. This could mean an increase in demand for townhouses and terrace homes in the city’s most sought-after suburbs.

Rising Prices in Outer Suburbs

As the demand for inner-city increases, it is likely that we will also see a corresponding increase in prices for properties in the city’s outer suburbs. This could make it more difficult for first-time buyers to enter the market in these areas but could also present an opportunity for property investors looking to buy and hold for the long term.

A focus on sustainability

With the impact of climate change becoming increasingly apparent, there’s been a growing trend of sustainability in the housing market. Therefore, we’re seeing a rise in popularity for energy-efficient homes and properties with features like solar panels and rainwater tanks. Sustainable homes can help save homeowners money on things like energy and water bills, as well as reducing the need for costly repairs and maintenance. Additionally, moving forward sustainable homes can make properties more appealing to buyers, which can increase their value on the market.

Whether you’re looking to buy or sell in 2023, it’s worth staying up to date on these trends so you can make informed decisions about your next move in the market. As always, we want to emphasise that every market is unique, so it’s critical to focus on what’s occurring in your neighbourhood rather than just what’s going on nationally. Lofty Building Group understands the challenges of building the perfect home, which is why we developed a process to make things simple.

It all starts with a conversation. Get in touch with Lofty today and build your dream home.