South Australia

Homecorp’s Amondo Estate in Adelaide has been a hive of activity throughout March with the team completing foundation works. Around 80% of the slabs have now been poured, frames are up and roofs are already on.

Adelaide’s exceptional weather has helped the crew ensure progress runs smoothly.

Located in Adelaide’s fast-growing northern suburbs, Amondo Estate, Munno Para, is a boutique estate offering affordable family-friendly living with world-class vineyards just up the road.

Adelaide’s Property Market

Adelaide continues to thrive and this is largely due to the rise, in popularity and value, of the city’s outer suburbs. Spots like Munno Para are experiencing unprecedented growth, prompting interest from a range of homebuyers, including many interstate property investors.

So why is there so much activity in Munno Para, South Australia? The popularity of house and land packages stems from the strong rental yields and capital growth.

Munno Para West in particular has seen significant price growth and low vacancy rates, making it a potential investor hotspot. Additionally, the suburb is set to benefit from major development projects estimated to be completed by 2027. 

Affordable Housing

Affordability is also a key factor driving the popularity of Adelaide’s outer suburb. As inner-city property values continue to soar families need to look further afield to achieve their home ownership dream. Relative affordability, combined with significantly improved infrastructure is driving a boom in the outer suburbs.

So why choose one of Homecorp’s estate like Amondo Estate or Roberts Farm? Because when compared to escalating inner-city prices, house and land packages in Munno Para deliver a more attractive entry point into the property market.

Here’s a more detailed look at why Munno Para might be an attractive investment for you:

Strong Rental Yield

Suburbs like Munno Para, Munno Para West, and Munno Para Downs have reported rental yields between 4.5% and 6%, making them attractive to investors.

Capital Growth Potential

Munno Para West has seen a notable annual compound growth rate of 24.0% for houses, according to Real Estate. Similarly, Munno Para has experienced a 22.3% growth rate for houses. 

Proximity to Infrastructure and Services

Munno Para West is close to a public hospital, multiple shopping centers, schools, and the Northern Expressway. The planned $1 billion development project in the suburb is also a significant positive factor. 

Affordable Housing

Despite the recent price increases, Munno Para West and Munno Para are still relatively affordable, with median house prices between $530,000 and $614,000. 

Tight Rental Market

Adelaide has a tight rental market, which can benefit investors seeking to generate rental income, according to Real Estate. 

Overall, Munno Para’s combination of strong rental yields, capital growth potential, proximity to amenities, and the planned development make it an attractive option for property investors in South Australia.

To read more about house and land opportunities in Munno Para click here.