103/242 Flinders Street, Adelaide SA 5000
103/242 Flinders Street, Adelaide SA 5000
2 bed 1 bath apartment built 2014|62sqm internal 14sqm lot balcony dishwasher|6% rental yield est $580pw|Adelaide High School catchment strong investor demand|
Compact inner-city flat in peaceful eastern Flinders Street spot offers split system AC, 6/10 energy rating, NBN fibre and 5G coverage. No flood, bushfire or heritage risks. Appeals to young professionals or investors seeking low-maintenance rental with reliable yields amid steady apartment demand. Central positioning aids walkable city access but exposes to urban noise. Local demographics skew short-term holders
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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Market Insight:
Adelaide 5000 demand remains underpinned by chronic inventory shortages and tight rental dynamics; CoreLogic shows city dwellings up 1.2% in January and 4.7% over the quarter to February 2026 while just 19 houses listed versus 2,877 registered buyers keeps competition intense. (( Investors and owner-occupiers are buying because the CBDΒs proximity to universities, government desks and cultural precincts supports $680/week rents that rose 4.6% year-on-year, while the $300m 200 North Terrace towers and the stateΒs $500m apartment construction underwriting keep the infill pipeline visible. (( The biggest risk is the new expectation that the RBA will lift the cash rate to around 3.85%, which can test first-home buyers, yet the same supply squeeze keeps well-timed buyers able to capture renewed value as stock stays tight. ((
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
Land
Assessments Delivered Today
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