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Maybe try looking just outside Adelaide proper... Hindmarsh, Bowden and the inner Western suburbs (along with North Adelaide) will all definitely improve in value with the tram line in the short to medium term (if you don't buy a dog). Avoid Port Road itself. They're not too expensive, but...

KellBell, to add to the above question, are there any areas you're set on investing in?? North, south east or west?? To be honest, areas like Craigmore and such are good investments with the Army moving in. You've also got the Semaphore region, as a lot will want to live near the beach, or the...