Colonel Light Gardens tops list of 2017 Adelaide house hotspots

House prices in Colonel Light Gardens are tipped to increase by 14% in the next 12 months, with the suburb taking equal top spot in Adelaide's 2016/2017 house hotspots forecast developed by APM senior economist, Dr Andrew Wilson.

The median price at Colonel Light Gardens currently sits at $740,000, according to APM.

Several recent sales point to upward price movements in the suburb. An example would be a four bedroom house currently on sale for $790,000 at 46 Salisbury Crescent, (above) which is $50,000 above the median price.

Similarly a four bedroom house at 8 Rozells Avenue (above) was sold for $800,000 – $60,000 above the median price.

The Smart Investor magazine, published by Fairfax Media, also consider Henley Beach, Linden Park, Erindale, Hazelwood Park, St Peter and Heatherfield as their strongest hotspots.

Suburb                             Postcode        Median price       12 month forecast

Colonel Light Gardens        5041                $740,000           4%

Henley Beach                    5022               $790,000            4%

Linden Park                      5065               $871,000            4%

Erindale                           5066               $1,076,000         4%

Hazelwood Park                5066                $942,500           4%

St Peters                          5069               $1,252,500         4%

Heatherfield                      5153               $750,000           4%

Firle                                5070               $655,000            3%

Payneham South              5070                $699,000            3%

Kingswood                       5062               $898,000            3%