This burgeoning suburb, located just a stone's throw away from Adelaide's CBD, offers a unique blend of urban convenience and serene surroundings, making it an attractive prospect for both homeowners and investors alike.
Here’s why investing in an off-the-plan apartment in Glenside could be a savvy financial move:
The demand for housing in Glenside is on the rise, driven by its proximity to Adelaide CBD, coupled with its peaceful suburban atmosphere. Off-the-plan apartments cater to a diverse demographic, including young professionals, families, and downsizers looking for modern, low-maintenance living options. The appeal of brand-new, customisable apartments with contemporary designs adds to the allure for potential buyers and renters alike.
Investing in an off-the-plan apartment allows buyers to capitalise on potential capital growth. Buying off-the-plan often means purchasing at today’s prices for a property that will be completed in the future, potentially increasing in value by the time construction is finished. This can be advantageous in a rising property market.
The suburb of Glenside has shown positive price growth. As of June 2024, the median house price was $1.34m which is an increase of 39.9% annual price growth over the last 12 months. The median apartment price was $555K which saw an increase of 14.3% annual price growth in the last 12 months.*
*Source: realestate.com.au
Glenside offers a desirable lifestyle with a range of amenities close at hand. Residents can enjoy nearby parks, recreational facilities, shopping centers, and dining options, enhancing the suburb's appeal for both investors and owner-occupiers. The area's development plans include further improvements to infrastructure and community facilities, which are set to enhance the overall lifestyle appeal and property values.
Investors should engage a qualified quantity surveyor to prepare a depreciation schedule. This report outlines the potential depreciation claims for both the building and its fixtures, ensuring that investors maximize their tax benefits.
Investing in an off-the-plan apartment in Glenside offers the assurance of being developed by Cedar Woods. With a proven track record spanning over 30 years, we strive to create vibrant communities that people are proud to call home. Established in 1987, we have grown to become one of Australia’s leading property companies with a portfolio diversified by geography, price point and product type. Choosing to invest with Cedar Woods offers peace of mind, backed by our reputation for reliability and commitment to delivering exceptional developments.
While investing in off-the-plan apartments offers numerous benefits, it's important for potential investors to conduct thorough research and seek professional advice to mitigate risks. Factors such as market conditions and financing options should be carefully evaluated before making a decision.
In conclusion, investing in an off-the-plan apartment at Glenside presents a compelling opportunity for those looking to capitalise on the suburb's growth and lifestyle advantages. With its prime location, increasing demand, potential for capital growth, and attractive amenities, Glenside stands out as a promising investment destination in Adelaide's evolving property market. Find out more about apartments for sale at Glenside.
*The information used in this document is indicative only and may not represent the final detail or accurately represent personal circumstances of each person. Cedar Woods gives no warranty concerning the accuracy of the material or information displayed in this e-book. Prospective buyers should make their own enquiries and rely on their own investigations and independent advice.