“At present though, there are oversupply issues, with 3,000 to 7,000 properties available in Adelaide, which is a big deal in a place that size. There’s massive potential for that to be soaked up by resources employment though, so investors shouldn’t give it up altogether, but don’t jump in yet. It’ll be spring this year before we can see which way it’s really going.”
An unclear future
“Even though it does have a resources industry – that’s largely around the ports and Olympic Dam – its success or performance doesn’t seem to be as certain as some of the more historically strong-performing resources locations,” he says.