Adelaide into the red

Absolutely, it isn't enough info for anyone to make an informed decision as to where to invest their money next. They've just put a label over the whole of Adelaide, some areas are rising, some still stagnant, some falling. Only way to find out where is with a good deal of effort.

We purchased a commercial property in Royal Park earlier this year- falling market.
I got 2 IP's 25km South of the CBD held for 4 yrs- stagnant market.
I got PPOR (held 10yrs), beachside West of CBD- rising market
1 IP (only held 12 mths) 10km Sth West of the CBD - rising market
Right now trying to buy another development block west of CBD within 10km- rising market

 

I sold off a block of land recently using a 'house and land' marketing campaign with Weeks and Macklin, a big project builder (low spec), under contract in 4 weeks for asking price. I think land within 10km of the CBD is in good demand as supply is limited, and selling well if correctly priced.

 

Median prices just give a glimpse. Of course there are markets within markets and obviously you need to do your homework and use due diligence before parting with your cash. You've got a good example about photos being deceiving but on the other hand there are also just as many houses that have had upgrades/renovations before coming out onto the market. That's why medians are useful (if there are enough sales within a suburb) just to give a glimpse. It's the same as the property clock that you previously posted. I'd never buy a property without actually inspecting it in person.

 

May I ask - which suburb?

 

plympton