SA Adelaide thread continued from Somersoft

Hi there,

Just wanted some thoughts on a few places that I am looking at. Bit closer to CBD , near transport, schools etc. Must be a negative there somewhere:

• Clovelly Park
• Woodville
• Hallett Cove

All showing some growth and reasonable yield.... Anything to look out for ?

Thank you

 

Those are 3 very different areas - so hard to compare them.

I'd prob pick Woodville as good access to CBD down Port Road and seems to be some decent returns there. Or if you prefer new properties there's a new land estate called St Clair going in just nearby.

 

I doubt you can get something in Kensington with 500k. Unless it's a detached unit or a very bad condition house to be knocked over. Rostrevor has had solid growth, but slowed down a lot after 2010. It's hilly, some of the ones there have nice view to the city.

 

Woodville seems to slow down a lot, but I heard St Clair has been selling very well. Probably due to the affordability. Woodville has a lot of character homes with decent land size. Those are ones worth holding, but again... for how long? ....Depends on the state's economy.

Hallett cove is a seaside suburb, which i think was undervalued. Not sure now, but anyting less than 450k is worth to get i think , if it's close to the beach.

 

Yes I bought late last year in Tranmere, development site for future. Rubbish yield though.

 

Nonna has a property in Findon, so next suburb over from Woodville - 3 bedder on maybe 550sqm, current value is 450k! Hopefully some inheritance there.. In laws currently live in Glenunga, and prices there are crazy. Property down the road sold for 1m - 3 bed with extension, no backyard but large front yard, 1 bedroom is an extension and 1 bath.. Then again, it's a 300m walk to GIHS, a sought after school.

Woodville still has it's bad pockets though. You might be able to get a unit in Kensington for 500k

 

I work in beverley, just across the road from my work a heap of ex-housing trust got bowled over and new houses put up in their place. Now reading in the new theres fears of ground water contamination in the street, would not be happy to be a new owner. Luckily we just have a factory here

 

Clovelly Park also had a water contamination problem last year, which was predominantly situated around Housing Trust homes near the old Mitsubishi Factory. According to the EPA the contamination is limited to a very small area though. I grew up around the Clovelly Park regions so I’m biased but I easily prefer it over Hallett Cove. It’s literally half the distance to the CBD of Hallett Cove and it’s an area growing with young professionals. You’ve got Marion and Flinders Uni close by as well as Castle Plaza. Plus it’s only a 10 minute drive to the beach (where you can actually swim unlike Hallett Cove where the beach is a cliff covered in rocks). I don’t know much about Woodville so I can’t really comment on that.

 

Would love to know your thoughts on Noarlunga area (Hackham/Morphet Vale/Huntfield heights etc)? Hardly any growth after 2008 though it seems to have some growth drivers. Is the council development friendly?

 

There's a separate southern suburbs thread which covers these that you should review for more info.

Of those you mention, MV would be my pick. Hackham is a bit feral. HH is a renamed part of it (think like Westminster in WA).

 

@thewisestfool

Not sure if you have used this site but it has some great info on demographics down to suburb level
http://atlas.id.com.au/onkaparinga#...ype=3&topicAlias=population-density&year=2011

 

Thanks D.T. will dive into that thread.

Not sure if you have used this site but it has some great info on demographics down to suburb level
http://atlas.id.com.au/onkaparinga#...ype=3&topicAlias=population-density&year=2011

Thanks Coota9 for the link. I have used and am using id for DD. Very useful.

 

Just to eloborate on my last post about Clovelly Park one of my friends bought a deceased estate around 3 years ago for 390k. It's on a big block and it came with a granny flat. He's currently getting $520 a week rent for the place- $370 for the house and $150 for the granny flat. Better yet it was recently valued at 550k.

https://www.sa.gov.au/topics/housin...rs/metro-median-house-sales-statistics/marion

In the past year Clovelly Park has experienced capital growth of 15% as well. Definitely a suburb on the move imo.

 

For those investing in the Salisbury Council, are these the noise maps you use to avoid buying properties under flight paths?

http://www.parafieldairport.com.au/assets/photos/Parafield-Maps-Departures.jpg

http://www.parafieldairport.com.au/assets/photos/Parafield-Maps-Arrivals.jpg

 

Parafield is not a busy airport. Its almost all light aircraft and leisure craft.

 

As Dave touched on, Parafield airport is mainly Cessna style planes/gliders and used for training with the adjacent UniSA campus.

I did finance for a property backing onto the airport a little over a year ago over in Mawson Lakes - the valuer didn't even note it as a potential concern.

 

Thanks guys, I was just reading the report on noise pollution and they were talking about the fact that smaller engines were incidentally MORE noisy due to their whiny nature compared to commercial airlines which had invested money into making their engines quieter, so was a bit worried.

This is good news!

 

You'll see some old noise pollution signs around Salisbury actually for the Edinburgh RAAF directly north - you can certainly hear the Orion's and occasional F18's which fly from there - but once again I've never seen it play a material effect in any valuations, whilst seen as a positive economic influence in the area as a signicant employer.

 

Recently finished Southern Expressway and also a train line extension through to Seaford.
There are some other promising signs there too.

 

There's some worrying signs in the Seaford Rise estate where properties are completing building and rents are undercutting each other.