Merry Christmas from Onyx Realtors

As 2024 draws to a close, the Adelaide residential property market continues to shine as one of Australia’s most resilient and appealing.

Despite national economic shifts, Adelaide has remained a standout with steady growth, supported by strong buyer demand, low vacancy rates, and increasing interstate interest.

First-home buyers and investors have been active, spurred on by competitive lending conditions and Adelaide’s affordability compared to other capitals.

For sellers, it’s been a rewarding year, with well-presented homes often exceeding expectations.

However, Auction clearance rates have dropped to 62% for this week, so some softening is evident.

Looking ahead to 2025, the market may be at leveling out from its steep growth run up but from all accounts healthy normalised growth looks assured.

From the team at Onyx we wish you and family a very Merry Christmas and safe and prosperous New Year!

The redevelopment of Keswick Barracks is closely tied to a land exchange agreement between the Commonwealth and South Australian governments.
The site looks like it will transfer ownership to the South Australian government in stages, starting soon.
Defence personnel currently stationed at Keswick Barracks are expected to be relocated within approximately three years under a leaseback arrangement.
Development activities on the site will begin after this transition is complete, likely in 2027 or later, depending on the readiness of new facilities for the relocated personnel.
The Keswick site is slated for urban renewal, which will include mixed-use developments and affordable housing as part of the state’s broader housing initiatives.
Along with the stunning redevelopment unfolding on the old Le Cornu site across the road the western rim of the Adelaide CBD they are both certainly writing an exciting new chapter for Adelaide.
This one will be worth the wait!

2024 has been a mixed bag for the Adelaide’s property market, with auction clearance rates showing some signs of softening. However, we have seen some fantastic records being broken for prices achieved in some of the once not so popular suburbs.
Clearance rates, which reflect the percentage of properties sold at auction, have fallen this year. In January, clearance rates were over 75%, but at the moment that number now seats at 61%.
So, what’s causing the drop? Rising interest rates and inflation are hitting buyer confidence, making it harder for sellers to achieve the prices they want. More properties are being passed in, leading to some uncertainty in the market.
Experts predict that this trend could continue into the final months of 2024, leaving sellers and buyers alike navigating a more cautious market.
But people don’t need to despair because properties that are correctly priced are still moving quickly.
I make a note of spending that extra time to research a property thoroughly so that the owner knows they are going to sell at a premium in the current market conditions.

“Exciting times are ahead for Thebarton, South Australia’s next hot spot for growth and transformation. The West End Brewery redevelopment.”

“Once home to one of Adelaide’s most iconic breweries, this prime 8.4-hectare site is being reimagined into a vibrant, mixed-use precinct that blends the best of heritage with modern living.”

“Set to feature contemporary apartments, stylish townhouses, public parks, and an array of cafés and shops, the West End Brewery development is shaping up to be a game changer for Thebarton—and for Adelaide.”

“With its unbeatable location just minutes from the CBD, a new focus on sustainability, and a perfect balance of work and play, it’s the place to be.”

“As a local expert on the cities western fringe this is certainly another feather in the cap of new developments underway on the west side.

Investors are showing keen interest and we would suggest that there will be a few locals ready to downsize, cash up and enjoy living on the doorstep of the ever developing Adelaide CBD with its beautiful parklands surrounds.

Nathan Bitter was a good drop apparently and it looks like this development will be too! 

In South Australia we work under the Fences Act 1975. Version: 22.6.2023

Here is a link: https://www.legislation.sa.gov.au/__legislation/lz/c/a/fences%20act%201975/current/1975.44.auth.pdf

The Act provides all the information for the erection, replacement, repair and maintenance of fences.
Many areas have specific rules about fence height, materials, and even placement along property lines.
You’ll also want to know whether you and your neighbours share responsibility for the boundary fence
A shared fence benefits both of you, and many neighbours split the cost.
Once you both agree on the style and material be sure to get everything’s in writing – it protects both parties!

Get a few quotes from contractors to find the best price. The total cost will depend on materials, labour, and the length of the fence.
Once installed, a new fence not only adds privacy but also value to your home!

If you have questions about your property boundaries reach out to me anytime and if I don’t know the answer, I can call the right person to get the right information.

The Forestville development is up and running

This 3.6 hectare city fringe site has the Commercial Retail Group ,Peet and Buildtec consortium at the helm to deliver an Adelaide first development.

• Market Square, cafes, Wellbeing Centre , Flower Bar , eateries and Supermarket
• Over 200 apartments across four towers
• 71 Townhouses
• 67 Short stay Apartments
• Urban Green School
• Rooftop Urban Farm
• All with 30% of the site offering open and green spaces for everyone to enjoy.

Exciting times ahead – and guess what ?
Our head office is right across the road – it will be time for a coffee and a snack before you know it.
San Arora – 0450 008 065

The newly launched Adelaide Regional Plan, developed by the State Government, is set to replace the Greater Adelaide 30-Year Plan. With a focus on meeting increasing demand for residential spaces, the plan aims to build 200,000 new homes by 2045 and invest $2 billion in the North-South Corridor by 2030. This growth will reshape areas like Adelaide’s CBD, Outer North, and Port Adelaide, while established neighborhoods are expected to maintain strong property values, attracting both homebuyers and investors.

At Onyx Realtors, we specialize in working with investors and developers, facilitating successful transactions that align with Adelaide’s expanding landscape. Whether you’re looking to invest in the future of Adelaide or explore residential opportunities, we can help. Contact us today and be part of Adelaide’s exciting growth!

Adelaide’s CBD is experiencing a multibillion-dollar transformation with 40 approved projects that will reshape the skyline. These mixed-use developments are designed to combine offices, retail, hospitality, and residential spaces, creating a dynamic environment that thrives day and night. The rejuvenated city will not only become more vibrant and safer but will also boost local business activity and enhance the overall lifestyle.

A Surge in New Homes and Jobs

The city’s growth is marked by the creation of thousands of new homes, including over 1,800 apartments and 300 student accommodation units. Alongside this, 13 new hotels will add over 2,700 rooms, attracting tourists and generating local employment opportunities. The standout 24-storey Central Market development will introduce 600 apartments, reshaping Victoria Square and highlighting Adelaide’s forward-thinking, festival-centric culture.

Projects Underway and Progressing

In addition to the 40 approved projects, $1.33 billion worth of construction is already in progress. Notable projects include the NEXTDC data center, the Entrepreneur and Innovation Centre at Lot Fourteen, and other residential projects that will deliver more than 1,600 apartments and townhouses.

Recent Completions

2024 has also seen the completion of nine major developments, such as the Australian Bragg Centre in the biomed precinct and the new office tower at Festival Plaza, further solidifying Adelaide as a city of innovation and opportunity.

Adelaide is booming!

The conversations I’m having lately with surveyors, planners, financiers, and investment groups confirm that Adelaide is on a roll.

Drop me a line if you want to connect with other like-minded professionals and take advantage of the bright future unfolding across Adelaide.

San Arora – 0450 008 065

Osborne Naval Shipyard Expansion: Impact on Residential Zones and Real Estate Opportunities
The Osborne Naval Shipyard, located in South Australia, has seen significant expansion due to the growing demand for naval shipbuilding projects, such as the construction of submarines and frigates. This development is set to have a substantial effect on surrounding residential zones, contributing to increased economic activity, population growth, and shifts in land use.

Key Impacts on Residential Zones
Increased Demand for Housing: The shipyard’s growth will likely attract a larger workforce, contractors, and support services, creating a surge in housing demand in nearby suburbs. Many workers may prefer accommodation close to the shipyard, driving this demand.

Rising Property Values: As demand for housing rises, property values in surrounding areas are expected to increase. While this benefits homeowners, it may also present affordability challenges for low-income residents.

Infrastructure Strain: Population growth and increased economic activity could strain local infrastructure, such as roads, public transport, and utilities. This may prompt local governments to invest in infrastructure improvements to support the growing population.

Potential Rezoning: As the region faces higher housing demand, rezoning underutilized or industrial areas for residential purposes may become a consideration. Local councils could allow for higher-density housing or the development of new residential estates to meet workforce needs.

Noise and Environmental Concerns: The proximity to the shipyard may raise concerns about noise, traffic, and environmental impacts. These concerns could lead to stricter regulations and the creation of buffers between industrial and residential zones.

Rezoning Opportunities
The Port Adelaide Enfield Local Council has demonstrated a proactive approach to rezoning considerations to address population growth. While no formal rezoning plans have been confirmed, residential zoning expansions may support workforce housing needs. Urban planning in the area will need to balance economic development with preserving residents’ quality of life, ensuring long-term sustainability and infrastructure readiness.

Real Estate Insights
With the Osborne Naval Shipyard’s expansion creating significant housing demand, opportunities for acquiring sites with potential for residential density increases are on the rise.

I have had discussions with several interested parties that clearly is highlighting a growing focused residential developments and underutilized community shopping strips along the peninsula. This indicates that the region is poised for further growth, offering prime real estate investment opportunities.

San Arora – 0450 008 065

When it comes to managing investment properties, the analogy “Going to the dentist to get your car serviced just isn’t an option” rings true for landlord insurance. Handling it yourself could cost you more in both time and money. Did you know that securing landlord insurance through a licensed property manager can save you up to 60% compared to doing it independently?

Why Owner-Landlords Pay More

1. Higher Premiums: Individual landlords miss out on bulk discount rates, often paying significantly higher insurance premiums.
2. Increased Risk: Without professional oversight, insurance companies view owner-managed properties as higher risk, resulting in inflated premiums.
3. Limited Negotiation Power: Property managers often have established relationships with insurers, allowing them to secure better rates and more comprehensive coverage.

Why Property Manager-Managed Insurance is More Affordable

1. Group Discounts: Property managers leverage bulk-buying power, securing lower premiums that independent landlords can’t access.
2. Lower Risk Perception: Professionally managed properties are seen as lower-risk, translating to cheaper premiums.
3. Tailored Insurance Plans: Property managers can access specialized insurance packages designed specifically for investment properties, offering better protection.
4. Streamlined Claims Process: Property managers handle claims swiftly, reducing stress and ensuring efficient resolution.

Key Benefits of Using a Property Manager for Landlord Insurance

• Cost Savings: Enjoy lower premiums through bulk discounts.
• Expert Negotiation: Leverage property managers’ relationships with insurance companies.
• Simplified Claims Handling: Professional management reduces the hassle of dealing with claims.
• Reduced Risk: Property managers ensure your investment is properly covered, minimizing risks.

Conclusion: Why Professional Help Matters

I believe in using experts for specialized tasks. By referring my clients to trusted professionals like licensed property managers, I ensure they receive the best service and value. Client feedback and referrals show that I’m on the right track, helping property investors save money while reducing stress.

San Arora – 0450 008 065

On 1st July 2024, South Australia implemented significant tenancy law changes designed to strengthen tenant protections. Key updates include:

• Stronger tenant rights: Tenants can now request property modifications with greater ease.
• Rental increase regulations: Tighter controls on when and how rents can be raised.
• Extended eviction notice periods: Landlords must provide more notice before evicting tenants.

How Do These Changes Affect Landlords?

For landlords, these reforms mean adapting to new responsibilities, including potential increased costs and longer rental agreements, which could impact profitability. Successful management under these new laws requires strategic planning and maintaining positive tenant relationships.

Stay Ahead of the 2024 Tenancy Law Changes

At Onyx Realtors, we’ve taken steps to ensure these changes are smoothly integrated, minimizing negative impacts on our landlords. If you’re a landlord and want to stay informed about how these changes might affect you, feel free to contact me.

Adelaide’s Anzac Highway is continuing to undergo a major transformation, driven by a surge in infill residential developments. Modern apartment complexes and townhouses are emerging, particularly in sought-after areas like Plympton and Keswick, providing new housing options conveniently located near both the CBD and the beach. These developments prioritize sustainability and modern design, making them attractive to a diverse demographic.

Looking ahead, several significant projects are in the pipeline. Notably, a mixed-use development near Kurralta Park will feature residential units, retail spaces, and public amenities, further enhancing the area’s appeal. Local councils are also investing in improving green spaces and pedestrian pathways to boost liveability.

While these developments are expected to drive economic growth, they also present challenges such as traffic management and infrastructure pressure. The ongoing transformation of Anzac Highway exemplifies Adelaide’s urban growth, striking a balance between modern needs and the preservation of historical character.

The Anzac Highway corridor has long been integral to Adelaide’s history, serving as a vital connection between the seaside and the city. This tradition continues with the introduction of tastefully designed, medium-density developments that respect the area’s heritage.

Looking to the future, Torrens Road is poised to follow a similar trajectory. We have substantial interest from various groups keen to participate in this area’s growth. If you have properties in the Torrens Road area, now is the perfect time to get involved and contribute to its evolving landscape. Call me anytime to discuss.