Defence Housing Australia Spends $150 Million Amassing Adelaide Streets
The government demand is likely to have contributed to the area’s median house price rise of around 10 per cent in 2010.
Defence SA chief exectuvei Andrew Fletcher told adelaidenow.com.au more than 600 troops from the 7RAR Battalion had moved to Edinburgh from Darwin. He added that number will rise to more than 1200 over the next year.
The demand is reflected in rental yields too, which are around 4 per cent in the northern suburbs near the Edinburgh Defence Precinct.
