SA Adelaide Property News 2019

Will Botanic High push up rental demand?

"Demand for the school, which opened yesterday, has been strong, with The Advertiser reporting it is already at capacity for Year 8 enrolments, and 65 “out of zone” families who wanted to attend were not given places because they did not meet eligibility criteria."

"Mr Kilroe had also noticed an influx of executives relocating to Adelaide on two to three-year contracts in the past two months, seeking rental properties.

They included medical professionals wanting to live in the inner west while working at the new Royal Adelaide Hospital, and defence contractors.

“We’re also getting quite a bit of demand for rental properties in the Henley High School zone, particularly with the defence contracts at Osborne,” he said."

 

Are you living in one of Adelaide’s million-dollar suburbs?

"New market data released by CoreLogic shows there were 27 suburbs with a median dwelling value of at least $1 million in January, this year – up from just two suburbs in 2009 and eight in 2018."

 

Got a client looking to purchase IP at Holden Hill/Oakden with budget of around $450K. @DaveM or @D.T. - would you be able to provide some insights here? What do you think of the CG prospects of these suburbs? Hard to tell when not on ground so thanks in advance

Also any investors who have invested there before and happy to share their thoughts on the growth aspects of these suburbs? Much appreciated.

Cheers,
David

 

I believe @sash owns in Holden Hill?

 

I like Oakden and manage some there - particularly the section near the park/lake on Ross Smith Blvd, the homes around there are good quality, well kept, it has a good look about it. THe homes in the area are a younger generation than most suburbs of Adelaide where 60's stock is prevalent - these are more like 90's. As a result they're a little bit more expensive as well but its worth it i think to have a lower-headache investment.

Dont really have many in Holden Hill itself, but do in all the adjacent suburbs to that on all sides - Gilles Plains, Valley View, Dernancourt, etc. This is more the 'north east corridor' and is doing quite well lately on the back of O-bahn upgrade (transport infrastructure), hospital upgrade, shopping centre upgrade, etc.

 

Thanks Dave!

Where would you invest for $450K today in Adelaide, if you are to put your money somewhere?

Cheers,
David

 

I think that there are now 27 suburbs in Sydney where the median price has fallen below the $1m marker.

 

What the school zone overhaul means for house prices

"Stronger market competition and soaring house prices could be on the cards for parents seeking to buy into the revised enrolment zone for Adelaide’s two public CBD high schools, experts warn."

“When schooling is important you may be limited when it comes to buying a home,” she said.

“So I think we’ll likely see more people move into apartments or units in bid to get their kids into the desired school.

“It’s not uncommon and is a scenario we’ve seen in other cities, like Brisbane where apartment sales increased for the exact same reason.”

 

Top 10 features SA home buyers want in a property

1. Swimming pool/pool

Number of successful searches: 130,411

2. Garage

Number of successful searches: 27,059

3. Ensuite

Number of successful searches: 12,589

4. View/views

Number of successful searches: 12,425

5. Granny flat

Number of successful searches: 10,991

6. Outdoor area

Number of successful searches: 9256

7. Shed

Number of successful searches: 8954

8. Beach

Number of successful searches: 8622

9. Airconditioning

Number of successful searches: 8297

10. New

Number of successful searches: 5239

 

Which suburbs are Adelaide’s strongest price performers?

"Virginia, a small northern suburb in Playford took top spot with a 31 per cent"

"That’s what’s been driving prices and demand from buyers, predominantly families who are moving here from more traditional suburbs like Ingle Farm and Modbury.

“You also get big 1200sqm blocks out here with big modern homes with a pool and a shed on it. You can pick them up for around $400,000, so it’s really good value for money.

“And with the north-southern connector, you’re only 30 minutes from town.”

"Mr McDevitt said Virginia was undoubtedly a seller’s market with many of his homes going under contract after just one week.

“I have this property at 6 Claret Ave, Virginia which went under offers after just two opens,” he said.

“We also had 20 groups through and three written offers presented. So yes, we’ve been getting a massive interest from buyers.”

 

Adelaide’s most in demand suburbs for first homebuyers under $450k - realestate.com.au

Dominated by the North Eastern and Southern suburbs. With the exception of Ascot Park all of these suburbs are 15km+ outside the CBD.

 

Pretty much every time I read an article with Nerida Conisbee, she's dropping hints to Adelaide. Keep it up

 

Adelaide, Brisbane property prices tipped for best growth in the next three years

"Adelaide is set to experience "goldilocks conditions" for property prices in the next three years according to a new report,"