SA Adelaide Property News 2018

Not sure whether 20 jobs are going to be statically significant!

 

lmao 20 jobs.

Didnt mention the thousand being created at other locations. Its always the negative stuff

 

Yeah...but lots of that happening..will the last person to leave Adelaide please turn the light off....

 

There's more than enough positive spruik here - weren't you telling people to buy Christie's Beach last year because it was becoming gentrified?

Now THAT'S a LMAO, Beach Road looks worse than ever.

 

We're all going to get space jobs - 20,000 of them -

Australian Space Agency to Adelaide

You should be working for Steve Marshall so you can get the message out there - space jobs for everyone. Doesn't matter if you're old, unskilled, whatever -

Space jobs. That's the answer.

LMAO.

 

I concur, our Prime Minister is definitely making some interesting claims. Here's Scott Morrison on government-funded job creation: Australian Space Agency to Adelaide

“Australia’s space industry is set to hit new heights,” the Prime Minister said.

“This Agency is going to open doors for local businesses and Australian access to the US$345 billion global space industry.

“Our government’s $41 million investment into the Agency will act as a launching pad to triple Australia’s space economy to $12 billion and create up to 20,000 jobs by 2030.

“This Agency is part of our plan for a stronger economy for South Australia and the country which is about delivering long-term, high-wage, high-skills jobs.”

I have no idea how a $41 million seed investment will turn into $12 billion and 20,000 high-wage, high-skills jobs but there you have it.

 

It didn't stop you from investing in Adelaide though

 

Nope....but selling one now bought for 185k...11 years later it worth a princely 305k odd.

 

My personal opinion is Adelaide is great for CF but a no go market for investment unless....you are buying or developing in the better suburbs or just want CF.

I am divesting out of Adelaide for this reason. Having said that the cost of owning property are low.

I would strongly advise against getting into the cheaper lower socio areas in the North and South. Despite all the banter places like Elizabeth....some part of the South have very little growth!!

The other issue is very low population growth.

As for pollies promising jobs...just is just fairy fluff.....

 

Adelaide's outer southern suburbs have been terrible for CG.

The Onkaparinga Council has encouraged development within established residential areas so there are more subdivisions. In 2010, the City of Onkaparinga changed its development plan and introduced what it called Medium Density Policy Area 40. A massive 2,200 hectares was designated in that zone. Pretty much anything goes in Area 40. Some areas have now been deemed to be a target infill precinct, particularly around Seaford, Noarlunga Downs, Christies Beach and Aldinga Beach.

Looking at the recent Core Logic indexes it's interesting that all of the mid-size Australian capital cities are down quarter on quarter.

 

We have some almost limitless areas suitable for low to medium density - unlike (say) Sydney. The northern suburbs especially have quite plain across which they can spread.

The issues are around the provision of jobs and the subsequent lack of population growth - we just don't have either of those things.

 

Hi,
I am trying to build a house in Clearview, could you please share the information of this builder you mentioned. Thanks

 

Looks like I may be staying in Adelaide for an extended period, and may have the opportunity to have costs paid for. However I'm still trying to work out the market.

Looking atsettling in the north east, Tea Tree Gully area, or down south further towards Athlestone.

Place will be PPOR, and sold if we move

Any advice on good areas in that pocket?

 

[Looking at settling in the north east, Tea Tree Gully area, or down south further towards Athlestone.)[/QUOTE]

Athelstone down south?? Wow that's deep southern areas!
Athelstone is still North East

 

Sorry but he is a chippie not a builder.

 

Most of the area is pretty nice...

I work in Modbury, live in Highbury, play golf at Tea Tree Gully, hockey at Golden Grove, went to school in Wynn Vale & Golden Grove

Any questions happy to help out.

 

I assume the poster meant further south of TTG?

 

Banks in South Australia are now referring mortgage holders to Foodbank, despite record low interest rates!

Banks are now referring people to Foodbank to help them pay their mortgage

Foodbank South Australia has been approached by banks wanting to refer their clients to the charity, in the hope it will prevent people from defaulting on mortgage payments.

 

Well its south compared to TTG. And south compared to work being Port Wakefield .

 

Australian newspapers are not much better than tabloids for sensationalist headlines.

The 30+ day mortgage delinquency rate for SA rose only by 0.15% between Nov 2018 and April 2019 (published by S&P Global, see link below) and in general, Australian arrears stayed steady for the June 2019 S&P report (subscription required). No need to panic just yet.

https://www.spratings.com/documents...2019.pdf/2b095712-65f8-4bbc-4fcd-b383c992ea9f

Australian Prime Home Loan Arrears Remained Steady In June