We tend to hear a lot about Sydney and Melbourne investors looking to buy SA properties as their own markets cool.
But new data from realestate.com.au suggests buyers from the Northern Territory are, in fact, the country’s keenest viewers of SA listings.
The report, released this week, lists the top 20 suburbs that residents in each state are looking in beyond their own borders on the property search site.
All 20 of the suburbs on the Territory buyers’ list happens to come from SA, with beachside addresses in particular demand.
According to the report, Victor Harbor tops the search list for Territorians, followed by Glenelg, Hallett Cove and North Adelaide.
Regional towns – including Port Lincoln, Strathalbyn, Murray Bridge, Mannum, Wallaroo and Port Pirie – also feature highly.
Harcourts South Coast agent Nathan Fry was not surprised that Victor Harbor was so popular with NT buyers.
“I think there is a real link between the Northern Territory and this region,” Mr Fry said.
“I come across Northern Territory buyers quite often … I wouldn’t say it’s every property but it’s fairly regularly.”
Mr Fry said NT buyers had always been keen on the Fleurieu properties and interest had been “creeping up a bit” from them in recent months.
“I find Alice Springs buyers are drawn to the McCracken area with the golf course, in particular – it’s similar to Alice Springs.”
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He estimated he got at least as many buyers from the Territory as from the eastern states looking at Fleurieu homes – if not more.
The Territory has a higher median house price ($505,000) than Adelaide’s $457,00, according to CoreLogic.
Mr Fry said many savvy Territorians were selling up and relocating to SA in retirement, freeing up equity as they moved to cheaper homes.
“Some are retiring, or they’re securing somewhere to retire to in a few years,” he said.
“It’s is a very affordable region and it’s a beautiful area.”
Mr Fry said many of the NT buyers he met at inspections already had friends living in the Fleurieu region.
“When people come to opens they often bring friends that area already here,” he said.
Century 21 Bayside Brighton Principal Jarrah Holms said he “definitely” got inquiries from NT buyers looking for property along Adelaide’s south western beaches.
“But I think we get an equal amount of inquiry from Sydney, Melbourne and Queensland,” Mr Holmes said.
He said the relative affordability of beachside living in Adelaide compared to other states was a major drawcard for many buyers looking to relocate.
Glenelg was well known as a premier cosmopolitan beachside destination, but he said interstate buyers were often also impressed with Hallett Cove.
“In Hallett Cove the drawcard is the price point and the type of house you can get,” Mr Holmes said.
“People buying in Hallett Cove are looking and saying ‘you can get a four-bedroom, double garage home in a reasonable area for under $500,000’ – that type of thing appeals to people from interstate.”