1511/104 North Terrace, Adelaide SA 5000
1511/104 North Terrace, Adelaide SA 5000
2-bedroom flat | 81 mยฒ | built 2003 | Adelaide High School catchment | resort-style building amenities
This apartment is positioned within a well-regarded North Terrace building offering a strong set of resort-style amenities including a heated lap pool, spa, sauna, steam room, and gym. The 81 mยฒ internal footprint is generous for a two-bedroom unit in this part of the Adelaide market, and the buildingโs proximity to the CBD, public transport, and the Adelaide High School catchment adds genuine buyer appeal. The property is likely to suit a professional owner-occupier or an investor targeting executive tenants, given the combination of floor area, amenity access, and central location.
The main constraint is that parking is not confirmed in the listing data, which could reduce appeal for car-dependent buyers and narrow the pool of potential purchasers. Strata levies are also unknown and may be material given the shared facilities. The price picture remains unclear, as the current guide sits well above the last reported sale from June 2024, and confidence in value cannot be formed without resolving whether that increase reflects genuine market movement or an aspirational listing position.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1511/104 North Terrace, Adelaide SA 5000
Market Insight:
Adelaide’s market is defined by exceptionally tight supply, creating a competitive environment that is driving strong price growth across both houses and units. Demand is underpinned by a diversified local economy and relative affordability compared to eastern capitals, attracting both active buyers and new entrants. This supply-demand imbalance, coupled with improving borrowing conditions, supports sustained upward momentum. However, sharply rising entry prices present a significant constraint for first home buyers, while limited new listings and construction timelines continue to pressure overall market activity.