SA Adelaide top of the charts (finally!)

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

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  1. 2FAST4U

    2FAST4U Well-Known Member

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    Adelaide’s most profitable council regions for property in December 2020 quarter - realestate.com.au

    HIGHEST PORTION OF PROFIT-MAKING RESALES
    Council region, % of all sales, median hold period, median profit, total value of profit
    Tea Tree Gully – 98 per cent, 10.2 years, $115,000, $58,298,107

    Mount Barker – 96.7 per cent, 7.6 years, $234,500, $42,657,768

    Burnside – 96.3 per cent, 10.4 years, $282,500, $63,150,805

    Unley – 96.2 per cent, 8.7 years, $221,000, $47,786,662

    Onkaparinga – 96.1 per cent, 9.3 years, $112,000, $107,087,267
     
    2FAST4U, 25th Mar, 2021
    #101
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  2. magloop

    magloop Member

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    magloop, 30th Mar, 2021
    #102
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  3. HappyCamper

    HappyCamper Well-Known Member

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    HappyCamper, 30th Mar, 2021
    #103
  4. D.T.

    D.T. Specialist Property Manager Business Member

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    Mile End has a pretty wide spectrum of property types. The one posted above is lovely but there’s some shockers too.
     
    D.T., 30th Mar, 2021
    #104
  5. boganfromlogan

    boganfromlogan Well-Known Member

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    boganfromlogan, 5th May, 2021
    #105
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  6. NickWCBA

    NickWCBA Well-Known Member

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    NickWCBA, 5th May, 2021
    #106
  7. boganfromlogan

    boganfromlogan Well-Known Member

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    Yes you are correct @NickWCBA, some of the properties are really getting huge returns. I can understand the blocks 700m or greater, but that 500m block and house for $660K was a great result - also sold without an agent.

    Just declaring an interest - i have a property in 5008 so i might be hyper-focused in that area.
     
    boganfromlogan, 5th May, 2021
    #107
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  8. 2FAST4U

    2FAST4U Well-Known Member

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    Inner West is going strong. Even seeing some properties being sold for $1m+ in West Croydon.
     
    2FAST4U, 5th May, 2021
    #108
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  9. NickWCBA

    NickWCBA Well-Known Member

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    1 million seems to be the new norm in croydon/west croydon
     
    NickWCBA, 6th May, 2021
    #109
  10. boganfromlogan

    boganfromlogan Well-Known Member

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    That is so huge. Percentage ( growth )wise is there anywhere in Adelaide as good?
     
    boganfromlogan, 6th May, 2021
    #110
  11. D.T.

    D.T. Specialist Property Manager Business Member

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    Most of Adelaide is the same.
    Morphett Vale was 300k now 400k, Sheidow Park was 400k now 600k. Paralowie was 250k now 350k.
     
    D.T., 6th May, 2021
    #111
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  12. Erica

    Erica Well-Known Member

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    what you could buy for 1mil before COVID is now 1.3mil in Glenelg Nth (I got a very close eye on this 'burb)- that is for a newish house with good size land component. But units- I'm still seeing get sold at the same price they were a decade ago...
     
    Last edited: 6th May, 2021
    Erica, 6th May, 2021
    #112
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  13. Tattler

    Tattler Well-Known Member

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    That is sensational pricing, considering how far they are from Adelaide CBD. Time to reward patient Adelaide investors.
     
    Tattler, 6th May, 2021
    #113
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  14. Tattler

    Tattler Well-Known Member

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    Wow, I guess my strategy of selling Sydney and buy Adelaide for retirement is disappearing in front of my eyes ...... Maybe I would need to downsize to a Unit/Villa/Townhouse instead.
     
    Tattler, 6th May, 2021
    #114
  15. Whitecat

    Whitecat Well-Known Member

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    I'm interested in understanding long term what Adelaide has on the cards.

    Any large drivers. I know a lot about what Brisbane has coming up in the next 5 to 10.
     
    Whitecat, 7th May, 2021
    #115
  16. NickWCBA

    NickWCBA Well-Known Member

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    Just a lazy 90 billion dollar ship building program?
    Full steam ahead for naval shipbuilding traineeships
     
    NickWCBA, 7th May, 2021
    #116
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  17. Cousinit

    Cousinit Well-Known Member

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    What about Happy Valley?
     
    Cousinit, 7th May, 2021
    #117
  18. boganfromlogan

    boganfromlogan Well-Known Member

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    Lifestyle?

    The new normal appears to be lifestyle based and Adelaide has the same benefits of coastal sea change destinations as well as capital city benefits.

    The economy of Adelaide is always lagging Bris and Perth but does have a mix of Resources, Defence, manufacturing and tech. It never boom / busts like bris Perth but is very steady.

    Edit: aerospace
     
    Last edited: 7th May, 2021
    boganfromlogan, 7th May, 2021
    #118
  19. djjk

    djjk Well-Known Member

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    If you had $500k to spend would you buy something smaller, slightly higher yielding or larger >500sqm block for investment in Adelaide? My goal is cap growth in 8-10 yrs with some level of yield. Location within 10-12kms of the CBD.
     
    djjk, 7th May, 2021
    #119
  20. NickWCBA

    NickWCBA Well-Known Member

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    My preference is 600sqm plus in the km range you’ve mentioned. Although happy to drop below 500sqm for desirable locations within 8km of the city.
     
    NickWCBA, 7th May, 2021
    #120
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