What are the best pink properties?
A survey by pink property consultancy Pink Property Consultants has found the best properties are located in areas with a mix of residential and commercial development.
It is the first such survey of its kind to be carried out for the country’s capital city.
“We’re seeing a lot of residential developments in places like the South Bank, in Southbank and in South Bank South, where there are mixed uses,” said Nick Leggett, managing director at Pink Property.
“The other big thing is that we’ve seen a huge increase in residential development on the Gold Coast and we think that’s been particularly important for the area.”
A total of 5,600 properties have been identified for consideration from the public.
The survey was commissioned by the city council of Adelaide and the city’s development plan.
In the lead-up to the survey, the city planning and housing department announced the establishment of a special committee to explore the development options for the Gold and Adelaide waterfront areas.
“There was a lot riding on it, and I think that the people of Adelaide have really stepped up and done the right thing by providing us with the information they needed to make this decision,” Mr Leggetts said.
“But I think what’s been really pleasing about it is the response we’ve had from the community and the community’s input.”
Property development boom, but the impact of the housing crisis A recent report by the Adelaide Chamber of Commerce found that the CBD had been a major driver of the property boom.
In 2017, the total number of apartments in the CBD increased by 6.6 per cent, while the number of homes increased by 14.7 per cent.
That figure is the highest since 2006.
The housing boom, coupled with a housing shortage, has also led to a significant increase in the number who are currently renting.
The city’s housing shortage has led to an influx of new rental accommodation to the CBD.
The population has risen by more than 200,000 since 2010, according to the Department of Housing.
While that has led the number in the city to increase by nearly 100,000 people since 2009, the population of those who are now renting is down by almost 100,0000 people, according the data.
“A lot of people who are not in the housing market, particularly those who haven’t been in the market for a long time, are finding it really hard to find accommodation,” Mr Gee said.