SA Adelaide by the beach

Discussion in 'Where to Buy' started by menty, 13th Dec, 2017.

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  1. menty

    menty Well-Known Member

    Joined:
    29th Jun, 2015
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    181
    Location:
    Sydney
    Just got back from a holiday in Adelaide and wow, are prices there cheap.
    You can get a good place by the beach for 1-1.5mil. Any of these properties in Sydney would be very expensive comparatively.

    Semaphore looks like its gentrifying well. You can pick up an older house with land 1 or 2 blocks from the beach for approx 550-600K from what it looks like. Rental yields Im guessing about the 400/week mark.

    Considering most other "beach" properties on the eastern seaboard are getting crazy money, should this be something to consider?

    All my investments have been in Sydney currently.
     
    menty, 13th Dec, 2017
    #1
    Xenia likes this.
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    Living by the beach myself, slightly biased but I think its the best thing ever. We bought in the mid 5s and are 500m to the beach, 100m to the train station etc.

    I think its definitely worth a go. Can get properties here for the same as what would just give you a deposit in Sydney equivalents. Yields are lower than outer suburbs , but chance of CG much better.

    There's a guide on these suburbs on the forum already at :

    SA - Adelaide Beachside suburbs Review
     
    D.T., 13th Dec, 2017
    #2
  3. Xenia

    Xenia Well-Known Member

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    16th Oct, 2015
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    I grew up on Adelaide beaches. Love love love these areas
     
    Xenia, 13th Dec, 2017
    #3
  4. menty

    menty Well-Known Member

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    29th Jun, 2015
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    Location:
    Sydney
    Iv seen the guide. How close to the water do you have to be to get CG?

    Would it be better to get properties closer to the beach or are a few streets away still Ok. What about smaller block <450m2 older properties? 15A Penny Street, Semaphore SA 5019 - House For Sale - 2014053640
     
    menty, 13th Dec, 2017
    #4
  5. L3ha7

    L3ha7 Well-Known Member

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    24th Apr, 2016
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    Location:
    Syd

    Thanks for the thread link @D.T. . I will read and then touch base with you.

    Rgds
     
    L3ha7, 16th Dec, 2017
    #5
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