SA Adelaide Property News 2018

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

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  1. jim1964

    jim1964 1941

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    I am still optimistic it will return hansomely, its a corner block, and with decent tenants now after 3 years of [email protected] tenants,my new managers at LJ Hooker Christies Beach are awesome.Disclaimer......i work with LJ Hooker
     
  2. Mongcamdi

    Mongcamdi Active Member

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    Thanks
     
  3. Mongcamdi

    Mongcamdi Active Member

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    Thank you for giving me further information
     
  4. Mongcamdi

    Mongcamdi Active Member

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    An addition is the opening of the Australian Space Agency which is "The combination of our defence and space sectors positions us as an international leader in advanced manufacturing, helping attract investment from around the world" . This will create jobs.

    The airport expansion is also underway.
     
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  5. Pete Arendt

    Pete Arendt Well-Known Member

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    A property "expert" once told me, Christies Beach doubles every 7 years!!
     
  6. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    5 top property market picks for 2019

    "Port Adelaide, Adelaide, South Australia
    Median house price = $350,000

    Just 8km from the city centre, Port Adelaide is picked to experience growth due to the current port rejuvenation and billions of dollars in defence projects soon to begin.

    “Recent developments include the $40 million State Government building on Nile St, redevelopment of the waterfront precinct to provide homes, as well as plans for a maritime themed attraction with historic ships,” Mr Walsh said.

    “Port Adelaide is on the cusp of change and smart investors are getting in now to make the most of the uplift.”
     
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  7. Erica

    Erica Well-Known Member

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    This has been said for the past 10 years and has failed to materialize, on paper it seems like an area that should attract tourism, and perhaps one day turn into the next Glenelg, but sheesh this change has been slow. Be cautious with apartments/units or townhouses in Port Adelaide, as I believe the area has a oversupply (ie. the New Port development) and because of this has had no capital growth for a long time, and for long term speculation, then aim for a decent size landholding and be prepared to wait wait wait...

    Here are a few resales to show what I mean (examples of NIL profit after holding for 8- 10 years);
    2/32-35 Ship Street, Port Adelaide, sa - Property Sold Price
    29 Dale Street, Port Adelaide, sa - Property Sold Price
    5 Formby Crescent, Port Adelaide, sa - Property Sold Price
     
    Last edited: 21st Dec, 2018
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  8. Pete Arendt

    Pete Arendt Well-Known Member

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    Heard that 10 years ago with Newport Quays.
    Newport Quays - Stage 1 & 2, SA – Multiplex

    [​IMG]

    Hopefully the uplift (if it eventuates) helps many to recover their steep loses over the past 8 to 10 years!
     
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  9. Ben Chifley

    Ben Chifley Well-Known Member

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    I have a great guy Enfield area who replaced a window for me last year very reasonable cost but there's no way he'd work in Elizabeth North.
     
  10. Ben Chifley

    Ben Chifley Well-Known Member

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    Too much supply, no real reason to actually WANT to live in an apartment out there either. And there's still a lot of endemic poverty around there that puts people off - sorry but that's the truth. I shop there every now and again and there's heaps of unfortunate people who congregate in and around the car-park at the back of the main street, it certainly doesn't feel like somewhere I'd want to pay top dollar to live in... also the council needs to do something about the pigeon problem, they're everywhere and they stink.

    Having said that the Drakes Foodland supermarket and Chemist Warehouse there are excellent and I don't mind having a look at the Salvos and Cash Converters in case there's something interesting. It's always been a bit 'struggle street' down there but at least the shops are pretty good.
     
  11. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    New housing data reveals Australia’s most in-demand areas

    Australia’s most in-demand areas revealed


    "Ms Conisbee said Parra Hills West in South Australia was an interesting example as it proved Adelaide was experiencing a surge in both the higher and lower ends of the market.

    “What seems to be happening is it seems to be the really affordable suburbs as well as the very expensive ones that are doing well — there is divergent behaviour,” she said.

    “That could be because there has been jobs growth in Adelaide not just in highly paid, white-collar jobs but also in trades-type jobs such as manufacturing, which is supporting suburbs at the lower end.”

    Brooklyn Park, Rosewater, Vale Park, Dernancourt and Camden Park were among South Australia’s biggest movers."
     
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  12. Pete Arendt

    Pete Arendt Well-Known Member

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    Biggest movers up or down? I assume these are the areas where they need uneducated buyers to pile in and "put a floor" under prices?

    Darnancourt according to SQM is down 9.4% for homes and 1.6% for units. (In the past quarter, Darnancourt units have fallen 21.3%).

    Rosewater home prices is down 0.5%, and units are down 0.9% in the past 12 months.

    Brooklyn Park home prices are down 3.5% for the year and 3.3% for the quarter.
     
  13. Pete Arendt

    Pete Arendt Well-Known Member

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    Even Para Hills (one 'r' in Para) homes are down 1.2% in the last quarter and units are down 7.4%.
     
  14. Ben Chifley

    Ben Chifley Well-Known Member

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    They also got Dernancourt spelt wrong.

    If you are investing in Adelaide then none of these places are where you would put your money, you need blue chip eastern or inner south locations.
     
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  15. R377

    R377 Well-Known Member

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    Frankston was never as bad as christies beach. Nice little double in value though...
    FRANKSTON, VIC