Before & After: Real Estate Photos

Yeah, 7-8 year hold I would think for platinum. It's looking attractive now, and sell at the end or near end of next bull market which I think is about 7-8 years time. Never know, trying to time the market

 

I honestly don't know why you haven't, for an OO let alone an investor its a very affordable market. The difference between renting vs buying for most area's is insignificant and favours buying, maybe not the eastern suburbs were renting might make more sense. Whether its the absolute bottom of the market no one knows but I can't see how it matters providing personal employment is relatively secure.

 

@HUGH72, currently renting in an area where it wouldn't be cheaper to buy (not east). Not everyone's personal situation suits buying. For example a smaller place suits us right now, but in the years ahead something bigger will be preferable. Why buy now if intending to upgrade to something larger in the near future?

Furthermore, Adelaide may be cheaper than other capitals, but that doesn't mean it's "very affordable".

 

Where would you consider for a ppor?

I'm in the market for a new ppor in Adelaide soon... Have looked around Grange/ Henley which are both nice, but expensive.

 

Because property goes up, and you can trade upwards fairly simply. Easier than jumping onto a moving merry go round.

I think it's very affordable. Median is 5 times median salary, compared to much higher multipliers in other cities.

Good on you for finally giving it a go though, I'm proud of you

 

But if it doesn't go up you have significant entry and exit costs.

 

Depends on the timeframe you're looking at. Even still, it's cheaper to buy than rent in outer suburbs.

 

But who really wants to live in Elizabeth Sorry to any Elizabethans.

 

Or Morphett Vale right?

 

It's good for an ip, but ultimately want my ppor somewhere else.

 

LOL....I could see no difference, though same image had been posted......I was only looking at the dwelling..........Who the ** would look at grass or sky......I am too used to the tricks I guess.

 

This looks like a Semaphore property I've looked at. Are you looking in that area specifically or just browsing everywhere at the moment?

I like the area, FWIW

 

Walking distance to a train station (for easy city access), the beach & shopping. I have been looking mostly north and south west, but also keeping an eye on inner west.

Adelaide hasn't really done much since I sold my last PPOR 5-6 years ago. Down a bit, up a bit, now may go sideways for awhile or down a bit again as unemployment and economic realities bite. I wouldn't be surprised to see Adelaide still around 2010 prices or lower in a year or two. If that's the case it will have been 6-8 years with no nominal price growth (at a city median level).

Our monetary system and policy is designed to continue generating inflation and credit growth, so yes over the long term I expect property will go up again, even in Adelaide But I don't think real growth rates will repeat the last 15-20 years again for a long time, so the best opportunities will most likely come from creating equity/growth (as seems to be your specialty) or buying for yield (which is my preference).

& yes photo is from a property in Semaphore Park. One suburb among two dozen or more I have on my watch list at the moment (so still pretty broad, but narrowed to specific pockets).

The next PPOR I buy I hope to pay off quickly and live in long term. I have no real interest in keeping up with the Joneses/trading up.

 

Good on you mate , seems like you're making progress

Why not both

 

The hassle that comes with creating equity in property (i.e. renos, reading long boring planning docs, etc) doesn't appeal to me and at the moment have other priorities, though I won't rule out a change in time.

 

Nice work Steve

 

I wish the agent had greened up my grass.

 

I also think timelines are really relevant... If we are talking a handful of years the purchasing costs make the scenario a whole lot less attractive if you might be moving in 2-3 years.. 'Selling' would need a bit of growth to recover purchase and sale costs...

Unless you want to turn it into an IP..

 

That house looks adorable!!! I wish they greened up the lawn for you too!