SA Adelaide Western Suburbs - City to Sea

Which suburbs specifically and hows the vacancy rates look like?

 

Most of them tend to be in the ex-housing trust areas.

North- Plenty around Salisbury North and the Elizabeth suburbs. There are ones that pop up closer to the CBD around Kilburn, but they are fairly expensive.
West- Not many left but they do come up around Woodville North ,Woodville Gardens and Seaton. There used to be heaps around Mansfield Park and Ferryden Park but they all got bulldozed and redeveloped.
South- Oaklands Park, Mitchell Park and Morphettville but they rarely come onto the market.
East- No suburbs that I'm aware of.

 

How about buying the land developing yourself? Is that a familiar idea there?

 

The western areas are poised for urban infill - high density development, especially along Anzac highwa. This could provide price growth oppirtunites above capital growth which is driven by supply and demand economics

 

what do you think of Glengowrie near Glenelg?

 

you'd have to be nuts to buy along anzac highway. THere are so many nice places that don't have a six lane highway as a front garden.

 

very nice area along the tram line. Pricey

 

Why not look at Renown Park 5008? super close to north adelaide

 

Poised for high density commercial development in future.
The returns could be huge

 

conflict of interest perhaps?

 

?

 

no the tramline part. The other side of Glengowrie which are allowed for subdivision. I have been watching this area for a while. Lots of development going on. The new listings will be under contract in one week. Not many Adelaide members in this forum talk about this suburb? Adelaide House rules winners and the block stars and lots of builders are onto this suburb.

 

Regarding Anzac highway new zoning, now they are building lots of apartments and town houses, I think it is going to be oversupply very soon. Same with prospect urban corridor zone, just too many apartments are been built but there are not strong demand.

 

what about abit further out - rosewater, ottoway etc - will that area ever lose the industrial tag

 

Ottoway smells. When you realise it youll head the otta way

 

Rubbish tier

 

ADL is like a mini version of Melbourne. It shares the same city layout, leafy east, industrial west and north. Everytime there's a boom, the east will be the heading the growth, with the west catching up, and then the south and north.

I found buying in ADL needs to be really careful and lots and lots of research. You can't do it like in SYD or MELB where you still going to get some CG even if you bought a bad property. In ADL, if you pick something wrong, or the wrong suburb, there could be literally no growth or even negative growth for many years.

The safest bet to buy in ADL IMO is still land and second, the school zone. The rest are just bull*hit. You can have a 5 bedroom house, walking distance to train station and supermarket, double garage, 4 bathrooms, nice garden, leafy street, but without any decent land (e.g. over 700 sqm), and fall into demanded school zone, you won't see any growth for many years. Probably just close to inflation kind of figures.

Huge block next to the new zoned areas (e.g. Anzac highway, Plympton, or even CBD industrial sites etc), huge block in leafy East (Kensington, Norwood, Glenunga, etc), huge block in the west (Mile End, Underdale, etc), or even close to water/ beach (Henley beach, Glenelg North, etc), huge block in the north new growth corridor (Prospect, Kilburn, etc)...The rest, i wouldnt be touching unless they are dirt cheap...

 

My mate was complaining to me the other day, he bought an Underdale old house with land over 750sqm 3 years ago, but not much growth. Another mate bought a Warradale old house with similar land size around 3 years ago, 20-25% growth.

 

You could make money anywhere if you bought it cheap. You could lose money anywhere if you paid too much.

 

They are all going to need blinds