SA Adelaide Property News 2018

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

 

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 !!!

 

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?

 

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.

 

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.

 

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

 

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?

 

how about the north side?

 

C'mon Elizabeth!

 

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.

 

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.”

 

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.

 

Divorce doesn't sound like a very good investment

 

Lets not go there Dave. ):

 

@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?

 

This will be a good driver depending

South Australian state election, 2018 - Wikipedia

 

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.

 

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? ) No Cookies | The Advertiser

 

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.

 

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,”