Adelaide top of the charts (finally!)

Discussion in 'Where to Buy' started by Erica, 1st Feb, 2021.

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  1. Erica

    Erica Well-Known Member

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    I've been waiting a very long time to do some gloating about Adelaide :p

    upload_2021-2-1_11-31-3.png
     

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  2. Erica

    Erica Well-Known Member

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    After a long spell of under-performance I really hope it's our time to shine. Cmmmmon Adelaide, I'd like to see the capital growth of 2002, 2003, and 2004 repeated thanks :p
     

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  3. boganfromlogan

    boganfromlogan Well-Known Member

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    It would be very cool to see a breakdown of the suburbs which are attracting the best capital growth .....
     
  4. Erica

    Erica Well-Known Member

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    4th Quarter 2020 data not yet published by REISA (am patiently waiting, I'm interested to see too).

    Summary of 3Q 2020 data ( I've only listed suburbs with 30 sales or more for the 3Q 2020), below shows the %price change between 3Q 2019 median sale price and 3Q median sale price 2020 :
    Aberfoyle park (40 sales) +7.71%
    Aldinga Beach (62 sales) +4.67%
    Andrews Farm (33 sales) +1.42%
    Athelstone (31 sales) +3.77%
    Blakeview (41 Sales) +9.92%
    Craigmore (35 sales) +8.00%
    Flagstaff Hill (40 sales) -5.17%
    Golden Grove (32 sales) -5.33%
    Greenwith (44 sales) -4.17%
    Hallett Cove (50 sales 8.60%
    Ingle Farm (39 sales) +11.24%
    Lightsview (31 sales) -3.74%
    Magill (37 Sales) +0.73%
    Mawson Lakes (42 Sales) +8.16%
    Morphett Vale (70 sales) +3.67%
    Munno Para West (37 sales) +2.35%
    Para Hills (32 Sales) +7.08%
    Parafield Gardens (49 sales) +12.77%
    Prospect (53 sales) +5.99%
    Seaton (30 sales) +6.34%
    Valley View (34 sales) +8.20%
    Warradale (30 Sales) +3.22%
    Woodcroft (36 sales) +3.16%

    The winners is Parafield Gardens - round of applause :p
     
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  5. boganfromlogan

    boganfromlogan Well-Known Member

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    I hear the ABC program 'The business' will feature property on its program tonight with regionals and Darwin featuring as 'top of the charts'. Hopefully Adelaide and Brissy will feature too.
     
  6. ashish1137

    ashish1137 Well-Known Member

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    Hi @Erica

    If I may ask, where have you sourced this information from?
    I can see SA is booming and currently researching the best suburb to invest in. I will come back to this thread in next 2 weeks to REVEAL!! :)

    Regards
     
  7. Erica

    Erica Well-Known Member

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    Real Estate Institute of South Australia publications:

    https://www.reisa.com.au/documents/item/2512
    Public Information - REISA

    Just be cautious trying to draw conclusions for suburbs with only small sales numbers- as you can imagine it'd only take a couple of 'nicer than the average' houses to skew the median price (hence why I only listed suburbs with 30 sales or more).
     
    Last edited: 2nd Feb, 2021
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  8. Erica

    Erica Well-Known Member

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    Noooooooooooo Tassie top of the charts again ! I need the FACE PALM and CRYING FACE emojis !!!

    Sackie just posted this one on another discussion, stolen re-posted here:
    [​IMG]
     
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  9. Robert Chatsworth

    Robert Chatsworth Well-Known Member

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    I would also not be wise to draw any "straight line graph" conclusions.

    A lot of the boom in house prices has come from next to no stock, so desperate buyers were bidding astronomical amounts and fighting for the couple of dumps that were on the market. When extra quality properties returned to the market, the prices were always going to "normalise" as buyers had more choice and didn't have to fight.

    For example, (According to SQM)

    Aberfolye Park is down 10.5% in the rolling quarter to 2nd Feb. (After the surge)
    Aldinga Beach is down 4.7%
    ...

    Buyer beware - All the spruikers are trying to talk up the market based on old data. I've even heard the TV news is showing years old footage of thousands of people attending opens. I suspect a lot of people who don't do their research will get burnt.
     
    Last edited: 2nd Feb, 2021
  10. Erica

    Erica Well-Known Member

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  11. spludgey

    spludgey Well-Known Member

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    Thanks, I love spreadsheets, though I think one of your calculations isn't quite correct.
    Real_growth% shouldn't be capital_growth% minus inflation_rate%.
    If captial_growth% was 200% and inflation_rate% was 100%, your calculation would give you an answer of real_growth%=100%. I would argue that it should be 50%, or real_growth%=(1+captial_growth%)/(1+inflation_rate%)-1.
     
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  12. Erica

    Erica Well-Known Member

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    thanks @spludgey, clearly I am no maths wiz :eek:
     
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  13. Patrico1966

    Patrico1966 Well-Known Member

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    Go Hobart..and then Launceston...:)
     
  14. Kriv

    Kriv Active Member

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    This is a great article about the growth across the past quarter and year, with a suburb by suburb map. And a very nice though very theoretical outlook as to what it might mean for 2025-2035 prices: No Cookies | The Advertiser
     
  15. NickWCBA

    NickWCBA Well-Known Member

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  16. boganfromlogan

    boganfromlogan Well-Known Member

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    Nice house. maybe auctions do work in Adelaide? Was there a bidding war?
     
  17. NickWCBA

    NickWCBA Well-Known Member

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    If it’s a character home and inner city it’s generally an auction sale.

    There were multiple bidders and well over 100 people there.
     
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  18. Michaela Baker

    Michaela Baker Active Member

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  19. SophieH

    SophieH Member

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  20. Patrico1966

    Patrico1966 Well-Known Member

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    Yes, an excellent clean lined period house. Buyer got good value there.