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1201/17 Penny Place, Adelaide SA 5000
1201/17 Penny Place, Adelaide SA 5000
This 1-bedroom, 1-bathroom apartment / unit with 0 car spaces is positioned in Adelaide SA. The property is ideal for low-maintenance living with convenient access to local amenities.
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 CBD’s 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 state’s $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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