SA Adelaide Property News 2016

So buy in Elizabeth if you intend to hold for/have a 15 year view?

 

Yields are great if you actually recieve the rent. Many good PM's wont take on tenants in these areas. As long as you know what you are getting into go for it.

Easier ways to invest and make money if you ask me.

 

I agree and have argued it out with them to no avail. Here are your constraints:-
- maximum return
- limited capital
- must be residential property
- must be in Adelaide
- development potential where possible

It doesn't leave a lot of options. Up to them really. It is their money after all.

 

Its easy to invest in solid blue chip areas and make money but you start from a much higher cost base so it ties up a lot of capital. You can buy two or three out there if you wanted to for the comparable price of buying in the inner ring.

As for development, ill leave that to professionals who have the time and are prepared to take on the risk.

 

I went for a looksee the other day,i didn't realise Andrews Farm was so close to Davoren Park,like right next door.Would need balls of steel to want to live/invest around there.

 

They will likely end up with 4-5 properties. Rental income $800 to $1000 pw minus expenses, which will chew up a lot of that. Still, they will be better off than where they were in Melbourne: ~$400 pw minus expenses.

In terms of development, development potential is not my criteria, it's theirs. I'm not even sure they have aspirations to develop.

 

Im not talking blue chip areas. You can buy in lots of other suburbs in adelaide for well under $300k and make decent money.

 

If you have any suggestions, I will pass them on. Any info will help at this point.

 

I find that hard to believe unless you are buying units.

 

Have you even looked

There's so many

 

I'm seeing a lot of new development. It's good that there's development, but at the same time it's definitely keeping a lid on prices as population growth is a lot slower in comparison to Melb/Syd. On the other hand this helps boost LAND prices as land becomes more scarce. With Adelaide's geography the East/West are maxed out so it's really only the North/South that can be expanded sprawl wise.

As for the Playford development that's great for Playford, but also for Salisbury and surrounds s workers will be living in surrounding suburbs and commuting into Elizabeth. With Adelaide literally being half the price of Sydney I'm fairly bullish regarding long term growth prospects. Just a matter of time.

 

@JDP1, this wasn't you, was it?

 

I hope not

 

N

Cannot be me...I tried unsuccessfully to hype Davoren Park...no one was buying my sales pitch.

 

The locals stole it

 

Not sure if someone else posted this but...

How the Commonwealth Games could save Adelaide: Part One - CityMag

Worth a read on Adelaide's economic future.

{Note: thread continues here: SA - Adelaide Property News 2017}