SA Adelaide (south) heating up

Discussion in 'Where to Buy' started by R377, 19th Oct, 2020.

Join Australia's most dynamic and respected property investment community
  1. R377

    R377 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    358
    Location:
    Perth
    Noarlunga region

    I posted this a while ago...

    Adelaide market starting to heat up with low interest rates, good returns and interstate investors.

    Just sold one of my properties in Christie Downs. Had 5 offers after the first open, 3 locals, one investor from Sydney and one from Melbourne.

    Got just over $300k for it. The Melbourne investor was the highest bidder, but by only a couple of grand. I ended up choosing to sell it to a local family.

    ................

    Just spoke to my agent again tonight, she was seeing if I want to sell anymore of my properties. She just sold one tonight.

    Similar area - 52 couples through and 13 offers !!
     
    SophieH, Joseph, Cousinit and 2 others like this.
  2. Serveman

    Serveman Well-Known Member

    Joined:
    17th Apr, 2017
    Posts:
    556
    Location:
    North West Sydney
    Yes it is heating up including Hallett Cove, Seaford, Christie’s Beach and Moana.
     
  3. MTR

    MTR Material Girl Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    22,540
    Location:
    My World
    Happy days.... fanastic
     
  4. boganfromlogan

    boganfromlogan Well-Known Member

    Joined:
    10th Jan, 2017
    Posts:
    1,618
    Location:
    Brisbane
    is it Adelaide wide? And are prices moving up?
     
  5. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,675
    Location:
    Sydney
    Rising tide!

    I'm getting ready for Elizabeth's moment in the sun!
     
    ollidrac nosaj, Codie and Baker like this.
  6. Baker

    Baker Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    364
    Location:
    ADL
    It's Adelaide: almost always moving up, v e r y s l o w l y... but UP.
     
  7. Cousinit

    Cousinit Well-Known Member

    Joined:
    6th Aug, 2017
    Posts:
    352
    Location:
    Victoria
    Yes, just had settlement on a property in Happy valley and prior to this I had put written offers in on 8 different properties but kept getting pipped. It certainly is very active and affordable. Almost bought two at Christies beach but had terrible building inspection reports.
     
  8. Expert

    Expert New Member

    Joined:
    20th Oct, 2020
    Posts:
    4
    Location:
    Adelaide
    The southern beach suburbs have immense competition atm. Lifestyle ppor buys.

    Maslin Beach is the one to watch imho.
     
  9. Skinman

    Skinman Well-Known Member

    Joined:
    9th Jan, 2018
    Posts:
    587
    Location:
    Perth
    Just be careful you don't get caught watching at Maslin's :p
     
  10. Expert

    Expert New Member

    Joined:
    20th Oct, 2020
    Posts:
    4
    Location:
    Adelaide
    :D:D:D
     
  11. Jerms

    Jerms Member

    Joined:
    25th May, 2017
    Posts:
    23
    Location:
    Adelaide
    I just bought in Huntfield Heights (signed in July settled in August). With 3 offers and one other investor. Only had one open. And since then it has hotting up, most property's in the southern suburb's are going under contract after one open. Ive been helping a friend find a property in Morphett Vale with a very tight budget and some property's are getting huge number of offers, the highest she said was 22 offers, and alot of people going to opens too.
    DSR Data is showing it is hotting up also.
     
  12. Baker

    Baker Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    364
    Location:
    ADL
    Which, for an Adelaide native, is a wee bit mind-bending. You couldn't pay me to live there in days gone by. Seem to recall a time when there was a news item every other night of some bogan crime in Huntfield Heights or Davoren Park.

    But that's progress for you.
     
    Nando Lee likes this.
  13. boganfromlogan

    boganfromlogan Well-Known Member

    Joined:
    10th Jan, 2017
    Posts:
    1,618
    Location:
    Brisbane
    Media is saying adelaide is moving up quite significantly.... is it wrong? I am used to Adelaide slow and steady, but media is saying its boom time!!
     
  14. 2FAST4U

    2FAST4U Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,767
    Location:
    Adelaide
  15. Joseph

    Joseph Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    1,453
    Location:
    AU
    Many suburbs down south are barely 10-20% higher nominally than they were 10 years ago (e.g. Old Reynella linked above recorded a +1.38% average over 10 years, which would be mostly the gain over the last 12 months :D), while many inner suburbs have outperformed.

    I wouldn't be surprised to see some outsized gains over the years ahead as they catch up. Two to three years of double digit growth or a shorter, larger boom would be no real shock and if the anecdotes I am hearing are widespread, this repricing may have already begun.

    There are still a number of suburbs where you can get a house on land with a ~6%+ yield, with fixed mortgage rates in the low 2s... that won't last IMO.
     
  16. S1mon

    S1mon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    587
    Location:
    canberra
    thanks for the posts guys..i bought a few 5 or so years ago down that way so good to know whats goin on. they pay for themselves no worries but capital was probably better elsewhere..tho i guess it has performed as predicted really
     
    R377 likes this.
  17. Robert Chatsworth

    Robert Chatsworth Well-Known Member

    Joined:
    28th Oct, 2020
    Posts:
    98
    Location:
    Moana, SA
    2FAST4U likes this.
  18. Robert Chatsworth

    Robert Chatsworth Well-Known Member

    Joined:
    28th Oct, 2020
    Posts:
    98
    Location:
    Moana, SA
    What is it with Christies Beach? Spruikers are always pushing it, let:
    CHRISTIES BEACH SA, AU SUBURB PROFILE - FREE REPORT

    12 Months, down 2.44%
    3 Years, down 0.35%

    Moana's a much nicer beach.
     
  19. 2FAST4U

    2FAST4U Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    1,767
    Location:
    Adelaide
    Sounds great to me! As somebody looking to upgrade within the next five years I'm hoping that the divergence between inner and outer southern suburbs decreases.
     
  20. Serveman

    Serveman Well-Known Member

    Joined:
    17th Apr, 2017
    Posts:
    556
    Location:
    North West Sydney
    I think what they like about Christie’s Beach is that on the whole it’s an older area than Moana and therefore there are opportunities at Christie’s to add value, subdivide etc, whereas Moana, although has an older area, has a lot of house and land packages where you are paying developers price, which is too much.