A leading real estate agent believes professionals, ‘old money’ and expats will position Adelaide’s property market for solid growth in the coming period.
According to Toop & Toop’s Anthony Toop, the top end of Adelaide’s housing market was leading the charge in the softening market, The Australian Financial Review reported today.
“I’ve worked through three recessions and my theory is that anything related to health and government-funded professions will reassert its influence on the top end,” he said
Mr Toop said expatriate interest and a substantial amount of ‘old money’ would also see Adelaide remain a strong market.
“As soon as all the ducks line up again Adelaide should absolutely take off, but in the meantime it’s a great opportunity now,” he said.
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