SA Adelaide suburbs

Hi all,

Thoughts on the following suburbs in Adelaide for investment?

- Albert Park
- Blair Athol
- Croydon Park
- Kilburn
- Mile End
- Morphetville
- Park Holme
- Ridleyton
- Royal Park
- South Plympton
- Sturt

Thanks!

 

Hi Rhiannon
Most of those are located west of the city, instead of going through each subrrb, have a look at a general thread I wrote about the western suburbs.

SA - Adelaide Western Suburbs - City to Sea

 

I live in, work in and mainly invest in the western suburbs of Adelaide.

 

Looks like just a list. Need to be making calculated decisions that work towards your goals rather than something that sounds nice. Why don't you tell us about your goals, criteria and strategy and we'll help you find something that fits.

Seems all the cool people do *highfive*

 

Thanks for the reply.

My strategy is a balance between growth and yield (nothing less than 4% yield) and close proximity to the CBD, approx. 350K and free standing house (due to greater demand). I have seen similar threads here and have cut out any suburbs mentioned with a risk of over supply.

Appreciate your thoughts!

 

And this is how I come up with the list!

 

Free standing house is absolutely the best way to go with your criteria. Do me a favour and skip the 2 bed houses though, seems to be an interstate thing that doesn't work in Adelaide.

You have a lowish budget though, which rules out most of the suburbs you've listed.

 

3 bedroom would definitely push me out of the price range of those areas. Do you think that comprising on a smaller property or even apartment would be more beneficial from a long term growth perspective as opposed to a larger house in the outer suburbs?

 

I would not recommend an appartments. Not specific to every circumstance but generally the value is in the land. Western suburbs are pricey due to the scarcity of land.

I would personally look a bit further south for cheaper options with subdivision potential.

 

hows Port Adelaide tracking along these days? any big changes recently? cmon gentrify gentrify gentrify

 

There are still many good buys with potential under the Medium Density Plan.

 

I wish. Could be a good dark horse.

 

Mile End is probably the highest price tag in the list with having cbd at door front. Used to be cheap but i think it's gone to around $600k for a standard 3 br house. Still have good potential IMO. There are a lot of character houses/ cottages in Mile End, aim for these ones, they are highly sought after. Others i wouldnt be bother, unless it's really cheap and is a big block of land.

 

Buying apartment in ADL only makes sense if it's for own living. You can live happily and comfortably in an apartment in ADL because it's spacious and cheap, compared to the ones built in the eastern course. For investment, forget about it. High rise living only grow when there are huge migration demands coming in. ADL's population growth has been one of the weakest in the nation. Unless you aiming for the rental yield. You could probably get $400+ per week from a one bedder in the cbd, which is not bad....but beware of high body corporate fees...

 

Had friends bought there in 2010, lost a lot of money. Probably still holding there..... sad for them.

 

Most of the growth comes from the suburb you invest and then if you select the right property that is how you get that additional out performance over most other properties. Personally I would always buy a smaller townhouse/ unit than a bigger house in the outer suburbs. Long term you will most likely achieve more passive growth this way. Steer clear of high density apartments.

 

Thanks for the info! Was this obtained from a government site?

 

Onkaparinga council development plan, just check them for updates,as i cant remember which version this is.

 

Thoughts on the attached suburbs. Looking for a suburb to invest in around $500k mark. All these suburbs have a medium house price of around $400-$500k. etc., close to city or beach or easy access to either.

Any locals with some thoughts on these or other suburbs that could offer better growth potential?

Main focus is long-term growth potential over yield. Say 7% growth 4-5% yield.

Brief: House with character and owner/occupier appeal specific to the demographic. Good transport hubs, good schools, an area that is either gentrifying or is appealing to professionals etc.

 

My picks of those listed would be seacliff park (close to beach) or welland (close to city). These have decent demographic and owner occupier appeal. Hope Valley not really close to either but matches your other criterion.

The others you've listed have some of the following issues:
- not within your budget (median probably out of date or weighed down by units, please stick to houses 3 beds or more)
- industrial
- too far away