12/57-59 Mackinnon Parade, North Adelaide SA 5006
12/57-59 Mackinnon Parade, North Adelaide SA 5006
This 3-bedroom, 1-bathroom apartment / unit with 2 car spaces is positioned in North Adelaide SA. The property is ideal for low-maintenance living with convenient access to local amenities.
Market Insight:
North Adelaide demand rides Adelaide’s tight supply, inner-city lifestyle, proximity to universities and the new $300m North Terrace precinct poised for retail, residential and student housing. Buyers accept premium medians around $1.62m for houses and $752k for units because heritage streets, walkable CBD access and renter competition keep inspections busy despite yields near 2.7%. Quarterly house growth of 3.39% (≈6.8% over six months) plus 27.2% annual gain and 12.8% unit growth show prices still climbing while new student accommodation supply boosts occupier demand even as investors weigh low yields and rate sensitivity.