SA Adelaide Beachside suburbs Review

Discussion in 'Where to Buy' started by Corey Batt, 7th Apr, 2017.

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  1. jim1964

    jim1964 1941

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    This is very true.
     
  2. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    There was a stage where there was definitely alot of empty apartments and people trying to bail out. Is that still the case?, there doesn't seem to be an excessive amount of listings for sale or rent currently. Are there any current plans for more apartment construction in the immediate area?
     
  3. c_west

    c_west Well-Known Member

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    I had a work mate renting there a couple of years ago near the high rise apartments, it was a weird sort of place as in all new highrise apartments built up, then next to it an empty paddock. Semaphore was the nearest facilities and all the car parking around the units seemed empty.
     
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  4. Guest

    Guest Guest

    Yes, there has been discussion about it:

    [​IMG]

    I would avoid New Port (from an investment perspective). Types of properties available don't seem desirable to the population here. You're competing with a lot of the same. There is scope for large redevelopments in surrounding areas which may increase supply dramatically. From my observation the strata fees are much higher than smaller unit groups (circa 4x due to additional facilities such as pools, lifts, etc).
     
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  5. L3ha7

    L3ha7 Well-Known Member

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    Is it safe to say that if someone wants to invest for CG and good CF then Adelaide is not the place to invest at this stage???

    There are many threads about Sydney boom bust correction and how Melb south west west has seen growth on top of that brisbane with logan and other areas where investors are focused hence I stumble across this thread because I be using the equity built in my propertise to invest in an area with a high potential of CG.

    I know , there is no magic to find out but as @D.T. said demand and supply always dictate this hence the question if Adelaide is the right choice for approximately $350k to $450K investment!!
     
  6. hieund85

    hieund85 Well-Known Member

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    Hi @D.T. and @Corey Batt ,

    Thanks for providing the great info. Looking at the numbers I am wondering why none of you recommend North Haven? It has the second lowest median price, low vacancy rate, low rent to OO ratio, high median income and has a train line. That is a lot of boxes ticked. What about its neighbour Osborne?
     
  7. D.T.

    D.T. Specialist Property Manager Business Member

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    North Haven has a much nicer feeling to it, but it is further away. Definitely prefer the western side of the suburb which is a bit more modern (and costs more), the eastern side is a bit older.

    Osborne wasnt included because we do a format of 10 for each of the guides we've written. It wouldn't really be one of my picks at the moment given other options in the area.
     
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  8. D.T.

    D.T. Specialist Property Manager Business Member

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    Just an update of how these suburbs have gone over the last 2 yrs since original post was written. The stats are sourced from the same websites as the originals were and are written in the same order to make it easier to follow.

    Median house prices now versus in the original post:
    Seacliff: $690,105 (up 3%)
    Brighton: $646,200 (down 5.7%)
    Glenelg: $952,500 (up 56%)
    West Beach: $783,500 (up 5.1%)
    Henley Beach: $820,000 (up 3.1%)
    Grange: $740,000 (up 5.8%)
    Semaphore: $620,000 (up 6.9%)
    North Haven: $480,000 (up 1.5%)
    Somerton Park: $954,500 (up 33.8%)
    Port Noarlunga: $417,500 (up 10.1%)

    Median house rents now versus the original post:
    Seacliff: $460 (up 60 per week)
    Brighton: $480 (up 80 per week)
    Glenelg: $420 (up 40 per week)
    West Beach: $470 (up 70 per week)
    Henley Beach: $520 (up 70 per week)
    Grange: $500 (up 90 per week)
    Semaphore: $440 (up 60 per week)
    North Haven: $400 (up 10 per week)
    Somerton Park: $440 (up 35 per week)
    Port Noarlunga: $360 (up 25 per week).

    Commentary:
    Some surprising and some expected results overall.

    Did not expect Brighton to be down and don't really have an explanation for why. Some massive growth Brighton's adjacent areas of Glenelg and Somerton Park. The rest have plodded along but thats normal for Adelaide - steady market that doesn't have the volatility of the bigger cities.

    Rents have had massive growth in these areas. Vacancy rates have also reduced over the same period which makes me think rentals are under-supplied i this area, so could be an good opportunity for someone who has the budget to invest here (as they are higher valuer compared to some other sections of Adelaide, as per our other suburb reviews).
     
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  9. nothingman

    nothingman Active Member

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    I'm also surprised at this, perhaps it had a very low volume of sales? Brighton/South Brighton/Seacliff area is great imo, it has its own community with shops,cafes etc, nice beaches and water, plus it has the advantage of the naturally beautiful 'bend' and elevated land with houses on them that other beaches like glenelg, henley etc don't have. Gives it a bit more of a sydney or european beach vibe, as opposed to just looking left and right and seeing endless stretches of sand
     
  10. R377

    R377 Well-Known Member

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  11. iwantahouse

    iwantahouse Well-Known Member

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  12. D.T.

    D.T. Specialist Property Manager Business Member

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    Grats - Will this be a home or investment?
     
  13. iwantahouse

    iwantahouse Well-Known Member

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    We hope to be both. Thinking long term division. 741 square metres of land in a old but pristine house. We want to enjoy the house for the time being and then we will decide what to do.

    This forum, specially @Erica have been amazing.
     
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  14. RS Gumby

    RS Gumby Well-Known Member

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    What happened to Corey?
     
  15. jim1964

    jim1964 1941

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    In the deep South 1st home builders are coming back to the market,in droves with enquiry.
     
  16. BoringHall

    BoringHall Active Member

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    @D.T.

    Do you have a report on these suburbs for 2021 like you did in 2019?
     
  17. Never giveup

    Never giveup Well-Known Member

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    Many sydney and melb inveatora buying in Hallett Cove...
     
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  18. applesathome

    applesathome Well-Known Member

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    Would love to see the 2021/2022 version of beachside suburbs of Adelaide.
     
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  19. Never giveup

    Never giveup Well-Known Member

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    Here here