SA Adelaide Housing Market:20% increase since pandemic

Discussion in 'Where to Buy' started by brian08, 29th Oct, 2020.

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  1. brian08

    brian08 Member

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    brian08, 29th Oct, 2020
    #1
  2. jaybean

    jaybean Well-Known Member

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    That title sounded like an article, but it's your own figure?
     
    jaybean, 29th Oct, 2020
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  3. Serveman

    Serveman Well-Known Member

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    Yes Adelaide is on the rise but the rate of growth is varied depending on the suburb. Adelaide has a tight rental vacancy and stock levels are low which will push prices up, plus it’s a great place to live and most underrated city in Australia.
     
    Serveman, 29th Oct, 2020
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  4. Robert Chatsworth

    Robert Chatsworth Well-Known Member

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    I suspect so. I don't understand his two reference properties. There is no two data points in time. What were they sold for last year, or the year before?

    Plus two properties in one suburb is not a good statistical sample size.

    Christies Beach is down 2.44%
    CHRISTIES BEACH SA, AU SUBURB PROFILE - FREE REPORT

    So it's not all suburbs in Adelaide.
     
    Robert Chatsworth, 29th Oct, 2020
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  5. jaybean

    jaybean Well-Known Member

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    If it's just a made up title then why not go big.

    Adelaide up 100%: I managed to convince some guy to buy my Playstation for 2x the price.
     
    jaybean, 29th Oct, 2020
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  6. Robert Chatsworth

    Robert Chatsworth Well-Known Member

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    Excellent idea. I suspect Victorians have gone crazy under the COVID19 lockdown. We could spruik to them that Adelaide is up 100% and they are probably now crazy enough to believe it.
     
    Robert Chatsworth, 29th Oct, 2020
    #6
  7. Robert Chatsworth

    Robert Chatsworth Well-Known Member

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    3rd Apr, 2018:
    How is your development site holding up, post COVID? I assume the site is in Westbourne Park? Have you sold all the lots?
     
    Robert Chatsworth, 29th Oct, 2020
    #7
  8. Expert

    Expert New Member

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    Selected suburbs are definitely up almost 20%! And many of these suburbs are still way too cheap. Imho.
     
    Expert, 30th Oct, 2020
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  9. virhlpool

    virhlpool Well-Known Member

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    Rental stock in Adelaide is ridiculously low in many suburbs..
     
    virhlpool, 2nd Dec, 2020
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  10. M_Chad88

    M_Chad88 Member

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    As a result of this I'm seeing good rental price growth in my properties in Adelaide.

    Two of my examples:

    2 bed unit in Goodwood which I bought for $223k in Jan 2020 now leased within a couple of days for $360pw.
    3 bed detached house purchased in Jan 2019 on 600sqm of land in Modbury Heights, previously rented for $300pw, leased last month for $360pw, packed inspection, multiple applicants.

    In terms of price growth, I'm noticing much shorter supply, in the North-Eastern suburbs, particularly for large family homes (4 bed plus) in Golden Grove, Greenwith resulting in higher sales prices out that way. A few more auctions than have been in the past in these areas too.

    Anecdotal evidence suggests that while international migration has stopped, a lot of people who have previously lived in Adelaide or are interested from other states are making the decision to move/move back to SA. Have to wait for the 2021 census to really understand what's occurring.
     
    M_Chad88, 3rd Dec, 2020
    #10
  11. rizzle

    rizzle Well-Known Member

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    This is Westbourne Park

    upload_2020-12-3_8-50-49.png
     
    rizzle, 3rd Dec, 2020
    #11
  12. Lacrim

    Lacrim Well-Known Member

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    Showtime
     
    Lacrim, 3rd Dec, 2020
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  13. brian08

    brian08 Member

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    brian08, 5th Dec, 2020
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  14. Robert Chatsworth

    Robert Chatsworth Well-Known Member

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    Robert Chatsworth, 5th Dec, 2020
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  15. brian08

    brian08 Member

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    No idea but the buyer looks like a Italian man 60+,buy for son or daughter maybe?
     
    brian08, 5th Dec, 2020
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  16. brian08

    brian08 Member

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    brian08, 19th Jan, 2021
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  17. MTR

    MTR Well-Known Member

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    Excellent news
     
    MTR, 19th Jan, 2021
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  18. brian818

    brian818 Member

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    brian818, 19th Feb, 2021
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  19. brian818

    brian818 Member

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    brian818, 20th Mar, 2021
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  20. 2FAST4U

    2FAST4U Well-Known Member

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    https://www.realestate.com.au/property-house-sa-ascot+park-135661350

    I attended an auction for this house today a 3x1 1928 bungalow on 522sqm in Ascot Park. 12 registered bidders with the auction starting off at 520k. The auction went for about 20 minutes with several different bidders. It ended up selling for $732,750. I looked at the price history and at one stage this property got sold for 118k in October 2000. Great result for the vendor. I was expecting it to get sold for somewhere between 600-650k but it shows the strength of the market atm.
     
    2FAST4U, 20th Mar, 2021
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