SA Adelaide Southern Areas

He said Fleurieu in the post above which is the south coast of SA rather than Adelaide metro (ie , look up Victor Habour , Goolwa, etc)

 

Cool thanks.

I found the "booming" suburbs!

Victor Harbour - Up 0.8% (or where investors fell 1% behind inflation in the past year)
SQM Research - Weekly Asking Property Prices

Goolwa - Down 0.6%
SQM Research - Weekly Asking Property Prices

 

Numbers are rubbery

 

Let me clarify something, i work as an agent for a major franchise in the Fleurieu,my definition of booming is listings,sales and com into my pocket,list to sell is running at 5 weeks.Hope this clears up your querie above.

 

And its spelt Victor Harbor

 

Prices are flat in Reynella according to this source.
Free Suburb Profile report for Reynella SA (5161)

 

It's all hype until actual growth occurs but I found this article about Reynella.

Adelaide’s top investment hot spots revealed

Just south of O’Halloran Hill sits Reynella, which has housing priced at an affordable $330,000.

“Reynella is a strengthening market, so buyers will need to move quickly on their due diligence,” Mr Sheppard said.

“Its position in the rankings shows suburbs in Adelaide’s far-southern corridor continue to attract interest.

“Average rental yield is strong at 5.2 per cent, the vacancy rate is just 0.3 per cent and vendor discounting is limited.”

The Adelaide market is similar to the Brisbane market. Capital growth is modest as an overall picture but it's dependent upon the suburb- Generally the inner ring suburbs have had capital growth while the outer suburbs have remained fairly stagnant. It also depends on the property type though. Plenty of apartments / townhouses within 10km of the CBD that have had little to no growth while houses have done well.

 

Interesting.

SQM now has asking prices in Reynella down 10.9% for the year, so it's not heading the way the experts are predicting. You are right, it's all hype until the actual "growth" materialises. Any "expert" can predict, hey prices are going up 20% next year with no justification.

 

It may have taken 2.5 years but looks like they were right, Reynella up by 24.5% over last 12 months

 

Amazing how you have come back to this thread after 2.5 years! It’s sometimes good to reflect on predictions made in the past and see if it has actually come true.

 

On reflection when i started this thread 6 years ago, Christie Downs didn't do it for me and i sold it a few years ago, with a Capital gain. Around the same time as i bought this, i also bought in Christies Beach, which has had a standout return.

 

Yeh I was just searching for Adelaide threads and this popped up, it is interesting to look back at people's past thoughts

 

Hindsight is a wonderful thing.

 

I have been looking at properties in South Adelaide too - Happy Valley, Trott Park, Sheidow Park, etc. I am a bit concerned about the large tracts of vacant land between around south Seacliff Park and just north of Trott Park. Why is there just large undeveloped piece of land there for? I know there is a Boral quarry to the west of Lonsdale Road, but what is the vacant land to the east of Lonsdale Road?

Why is Adelaide developed all the way from the CBD to Seacliff, and there is this large tract of vacant land, and then there are more developments further south again? Does anyone know?

 

Hills / trails / conservation areas...

 

The bit south of Marino and north of Hallett Cove is a quarry - just got license to expand further.

The bit above Trott Park is national park.

 

Okay, good. So no more room for development or infill sites.
A bit strange that there is a large quarry well within the city limits.

 

I don't think that is the definition of boom that the average punter has. Capital growth is a boom.

Agents getting $$ is not in anyone's interest.

 

Its definitely growing - one of my clients bought for 235k 18 months ago and is now selling for 375k

 

Whatever you reckon mate.