SA Adelaide Property News 2018

Discussion in 'Where to Buy' started by D.T., 8th Jan, 2018.

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  1. D.T.

    D.T. Specialist Property Manager Business Member

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    Last edited by a moderator: 10th Jan, 2018
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  2. Big Maan

    Big Maan Member

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    Hi Everyone

    I generated a little bit of talk about BURTON a few pages back. I was thinking of selling this year and taking a smallish profit but I am a little bit more optimistic now and might try and keep it another 12-18 months. As I said it is a very nice house, well maintained and good rent and whilst negative geared not busting the bank.

    Would it be too much to wish for a 2014-2017 Sydney growth spurt LOL ......Please !!!
     
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  3. BLT

    BLT Active Member

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    It’s a tough one. I think things out north need to settle a bit post—auto industry. It’ll be interesting to see where things go with the big Defence industry push happening at the moment and the new Salisbury City Hub planned for a few years.

    How long have you had it? Is it costing you much to hold it?
     
  4. D.T.

    D.T. Specialist Property Manager Business Member

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    Don't really see Burton having a big growth spurt to be honest, but if the house is nice, easy to maintain and not costing you anything I'd keep it. Transactional costs to get out and back in to a different property are quite prohibitive, and may not be possible given the recent lending changes.

    In saying that, Burton is a bit prettier (though slightly higher priced) than its surrounding suburbs, so I assume it'll do well when the rest of Adelaide does.
     
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  5. D.T.

    D.T. Specialist Property Manager Business Member

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    In February, there's 500 defense people moving out of Darwin to Adelaide. There is no room left at the barracks so they've been out looking for rentals. Properties in the vicinity of Edinburgh have been getting good demand levels. Some will also choose to buy. As rents and demands rise, investors jump in and it pushes prices up as a result.
     
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  6. 2FAST4U

    2FAST4U Well-Known Member

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    Specialist agents give their tips on SA’s southern property market - realestate.com.au

    SOUTHERN AGENTS’ TOP TIPS FOR PRICE GROWTH IN 2018
    Aberfoyle Park
    Aldinga
    Christies Beach
    Flagstaff Hill
    Hackham
    Moana
    Morphett Vale
    O’Sullivan Beach
    Port Noarlunga
    Port Noarlunga South
    Seaford

    TOP SOUTHERN MEDIAN PRICE GROWTH FROM 2016 to 2017

    Old Noarlunga: $370,000, 12.5%
    O’Sullivan Beach: $303,000, 10.2%
    Coromandel Valley: $530,000, 8.2%
    Moana: $433,500, 7.7%
    Willunga: $495,000, 7.6%
    Seaford Rise: $400,000, 7.4%
    Reynella: $330,000, 6.0%
    Woodcroft: $390,833, 5.8%
    Seaford: $356,500, 5.2%
    Old Reynella: $377,000, 4.6%

    HIGHEST AVERAGE RENTS IN THE SOUTH
    Flagstaff Hill: $410
    Coromandel Valley: $408
    Aberfoyle Park: $360
    Happy Valley: $360
    Willunga: $350
    Woodcroft: $350
    Old Reynella: $350
    Port Noarlunga South: $350
    Seaford Meadows: $350
    Maslin Beach: $340

    HIGHEST MEDIAN HOUSE PRICES IN THE SOUTH
    Chandlers Hill: $637,000
    Coromandel Valley: $530,000
    McLaren Flat: $519,000
    Willunga: $495,000
    Flagstaff Hill: $486,250
    Aldinga: $460,000
    McLaren Vale: $433,500
    Moana: $433,500
    Onkaparinga Hills: $430,000
    Seaford Heights: $429,900
    Aberfoyle Park: $412,000

    * Figures based on CoreLogic RP Data
     
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  7. D.T.

    D.T. Specialist Property Manager Business Member

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    Woodcroft would be my pick of the region as is attracting some owner occupiers purchasers lately. Some people want to be in the south but not in the low socio bit and this will appeal to them.

    Aldinga, willunga, McLaren are really only lifestyle buys. Not bread and butter stuff surely?
     
  8. Yson

    Yson Well-Known Member

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    how about the north side?
     
  9. spludgey

    spludgey Well-Known Member

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    C'mon Elizabeth!
     
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  10. 2FAST4U

    2FAST4U Well-Known Member

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    Yes that's the issue that I have with Aldinga, Willunga, and Mclaren Vale. They are great lifestyle locations but if you're working a 9-5 job they are all very isolated and a long distance from the CBD.

    I like Old Reynella and Woodcroft. Public transport wise they are still poor areas but assuming you drive commuter accessibility to these suburbs has been improved since the duplication of the Southern Expressway was completed in 2014. It's a 7 minute drive on the Expressway from Sturt Road (Marion) to Woodcroft.
     
  11. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    Property sales that set a new record for their suburb in 2017

    Another sale? sounds like a broken record

    “I especially like the fact that we see record breakers in areas that aren’t blue-chip suburbs.

    “If we could have had a conversation about Elizabeth breaking a record two years ago, I would have said ‘no way’.

    “So the fact that it has, shows that slow and steady, as Adelaide’s market is often referred to, really is winning the race and we’re tracking along nicely.”
     
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  12. jim1964

    jim1964 1941

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    I the early 2000,s, i had 4 blocks of land in Walnut St, behind the chinese resturaunt,then divorce came...bugga.Had to fire sale to cash out.
     
  13. D.T.

    D.T. Specialist Property Manager Business Member

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    Divorce doesn't sound like a very good investment :(
     
  14. jim1964

    jim1964 1941

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    Lets not go there Dave. ):
     
  15. Foxdan

    Foxdan Well-Known Member

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    @DT - what’s your general view for Adelaide property prices in 2018-19. Do you see any drivers to increase demand for property prices or property rentals?
     
  16. jim1964

    jim1964 1941

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  17. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    SA Northern specialist agents give their tips for 2018

    Spotlight on the Salisbury/Playford zone

    HOME prices in suburbs bordering Main North Rd are tipped for strong growth in 2018 as investors take advantage of high rental yields and large housing developments.

    Local agents say prices in areas such as Salisbury, Elizabeth and Munno Para are expected to rise more than those in other northern regions this year.
     
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  18. D.T.

    D.T. Specialist Property Manager Business Member

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    Hey mate

    I think they'll do well off the back of 2nd half of last year doing fairly well. Quite a few from the forum have been buying and I've been witnessing good results when it comes time for our clients to either sell or revalue. Only really a couple of people left who are anti Adelaide - either those with personal vendetta or have bought badly.

    Drivers
    - Massive infrastructure spending going on. Nearly everything is being upgraded here. Seems to be train works or road works in nearly every section of Adelaide, bringing us up to current day - we're a bit behind to be honest. This is creating construction jobs and also makes the city more efficient.
    - Lending changes. With Apra rule changes and other rate changes going on, we've noticed that people have lower borrowing capacities, or require higher yields to get deals through. This turns them to Adelaide where you can buy cheaper if you choose to, or even in higher level markets get better yields than elsewhere.
    - Holden closing - everyone was waiting it out to see if that would have an effect. As predicted by the sensible people, no effect has been noticed and the world is still spinning on its axis.
    - Defense force. There's lots of defense personnel moving from NT and Townsville they'll keep the demand on tune, mostly for northern suburbs rentals near the base, but will have flow on effect to other areas too.
    - Stuff like this going on which pushes Adelaide into the correct decade (century? :p) No Cookies | The Advertiser
     
  19. boganfromlogan

    boganfromlogan Well-Known Member

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    I like Adelaide. Ppl from there say funny things. I did too when I was there ..... like 'we had a lot of rain today' (< 5mm).....'everything is being upgraded'. The other thing I like is I can stay away from Adelaide for years and years and when I go back .... it is all the same................even the scoreboard at Adelaide Oval. I like Adelaide, I own property there, but it really does remain pretty much the same.

    I have a brother working in construction in Adelaide and there is plenty going on ....... on the Adelaide scale.

    It is a flea not an elephant.
     
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  20. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    These are Adelaide’s most in-demand suburbs for rentals

    Adelaide’s most in-demand rental suburbs

    "there is strong demand for three and four-bedroom homes in Golden Grove and neighbouring Greenwith.
    the area is popular with families who cannot afford to enter the market as buyers as well as defence personnel stationed in Adelaide’s north."

    Mr Ricciuto says four-bedroom, two-bathroom houses and three-bedroom villas are particularly attractive to Golden Grove’s rental market. “I would say demand is outweighing supply,”
     
    Last edited: 16th Jan, 2018