Hey everyone! My partner will be moving to Adelaide to work at the new RAH (from Melbourne), and as an investor I intend to do some recon work before she moves there. I've never been to Adelaide before and frankly, I have a bad taste in my mouth for Adelaide (due to bad business deals in the past) however I am willing to get that sour taste out of my mouth. As an investor, what areas should I visit/investigate (drive around, chat to people etc etc) and which areas have the best food places? Any major redevelopments occurring or plan on occuring? If someone could just point me in the right direction to get started, that would be great!
Near the RAH, Prospect rd Prospect, O'Connell st north Adelaide. In the CBD, Rundle st, Gouger st, Central market and China town.
Mile End is worth looking at. Within walking distance / short drive to new RAH. 3km west from CBD but not the same price tag as the more expensive suburbs 3km east/north/south of the CBD. Also, quite a few restaurants/cafes on nearby Henley Beach Rd. An older article from earlier this year: Would you rather live/rent/invest in Norwood, or Mile End? We check out which inner suburb is best - realestate.com.au
Some RAH staff I have as tenants have to remain within X minutes of work in case they're called in. If that's you're situation as well, you probably want to buy or rent in North Adelaide, Mile End or Adelaide cbd itself. Or if you don't have that stipulation but just want to be nearby, its largely going to come down to tastes and budget.
Have a look at some of these which actually are still there. You know you’re from South Australia when...
While we are off topic and talking things uniquely sa, are Balfours ever going to re release the Hexi pie? I have been craving one since the 80s
G'day private_number, my pick would be a character Bungalow or Villa in Torrensville or Mile End or Hilton, on 500-700m square of land, these suburbs are on the same side of the CBD as the new RAH, literally only 2km, so your partner could walk/bike ride/bus very easily. These areas character homes retain their value, are in demand by city workers, plenty are on nice size blocks of land, ideal family homes, have good capital growth, good cafes along Henley beach Rd or just Uber into CBD for trendy eats. Although they aren't considered as 'blue chip' as the eastern/nth/sth side of the CBD, the trade off is a lower entry price, and easy commute to beach. I may be biased however- I've grown up in Adelaide Western suburbs and love the beach.
So is the intention to buy a PPOR, or just invest there? If you're looking for a PPOR which can act as a good growth driver then that's a different strategy again. Logicwise- inner west will provide good options if she wants proximity to RAH, however I have clients who work there and they live all over Adelaide - so I wouldn't say with a smaller easier to access city like ADL that you would need to use that as the primary focus. In terms of quality - it goes inner east, inner south, inner north/west fairly tied depending on what section. What's the budget looking to be - this will dictate most of the decisions. I'd avoid anything other than freestanding houses if possible, townhouses/apartments still don't have the same desirability level than houses attract so it's an easy hedge to make sure you're in the best potential growth asset.
