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%