Sydney property buyers turn to Adelaide as they sacrifice capital growth

Adelaide invstment in the Australian Financial Review today.

Exasperated by the sharp run-up in residential property prices in Sydney and Melbourne, some buyers are turning their sights to the inner ring of suburbs up to 10km from the Adelaide CBD.

They are prepared to accept that capital growth over time is likely to be more subdued than the eastern states high-flyers which are now experiencing a levelling off, but are enticed by average gross rental yields of 4.1 per cent for houses, and 4.7 per cent for units. Read more:

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