SA Christies Beach SA

Discussion in 'Where to Buy' started by Steve90, 10th Dec, 2017.

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  1. Steve90

    Steve90 Member

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    hey everyone, was wondering your opinions regarding christies beach sa, especially people from the area if there are any. now I'm from melbourne so prices are all very expensive in comparison, but my understanding is christies beach is a nice beach, and only 30kms away from the city. what is wrong with the area? are there other factors i should be considering that i haven't taken into account? i cant compare adelaide but if that was in Melbourne itd definitely represent good value, what are the shopping centres, schools and pubic transport like there?
     
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  2. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Its not an area I buy in but @James McIntyre does and @D.T. manages a number down there so they can give some good info
     
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  3. Xenia

    Xenia Well-Known Member

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    Hi Steve I love Christies beach and you’re right in identifying it as good value compared to suburbs that are closer to the city.

    There are many streets in Christies Beach that have sea views and a lot of them have large blocks and are subdividable making it well poised for capital growth.

    @James McIntyre has a few in the area (my company manages them for him), and knows the area well including history. He will also be able to help you source the right one down there.

    Hope that helps and good luck
     
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  4. sash

    sash Well-Known Member

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    I feel that ares is undervalued...it had a rough reputation...but changing...
     
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  5. samiam

    samiam Well-Known Member

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    Hey @sash have you got any ip there? Where will you pick in next 2 years Perth vs. Adelaide?? Thanks :D
     
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  6. D.T.

    D.T. Specialist Property Manager Business Member

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    Hey Steve

    Its essentially the cheapest of all beach side suburbs in Adelaide (and probably any capital?). Even beach suburbs further away are worth more, so I think it has a lot of catching up to do (and will.) Its main issue was state housing but that's mostly gone now.

    Having family in the area, have witnessed the changes. The pawn shops and tattoo parlours have left for cafes and wine bars. Older state housing demolished for new townhouse builds.

    The distance isn't really an issue. Most of the people there don't go up to the city, but when they do theres an express train from noarlunga centre which isn't far away. Major shopping centre there too, along with tafe, council / state govt depts, hospital, cinemas, big box retail etc. Most of the people in the area either work at one of those or at nearby Lonsdale industrial area.

    I think the only thing holding it back now is rental supply. As people demolish houses and build multiple new dwellings, the area looks nicer but it adds to the supply side of the equation. So, get a nice place in a nice street and you'll probably do OK.
     
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  7. Steve90

    Steve90 Member

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    thanks everyone for your input, is there any reason why cg not really taken off there? i know nobody has a crystal ball but what are peoples thoughts and trajectories about what will happen there? coming from melbourne a suburb like that seems too good to be true, there's only really 2 houses there on real estate .com one in maturin and one in ackland, what are peoples thoughts on those streets? is there pockets to avoid and pockets that represent good value? hey james or dt could you guys send me a link to a property that you guys have? what id be looking for is something preferably around the 3-400 k price range that rents out between 300-400 a week that has future potential to sub divide or build at the back, is anything there within that price range possible?
     
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  8. sash

    sash Well-Known Member

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    nope but in hind sight if i would have spent 135k there instead of 112k in lizzie north i would have doubled my money.

    i like perths prospects better than adelaide but never say never.:D
     
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  9. jim1964

    jim1964 1941

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    This area is going through a massive transformation in renewal,the councils medium density development plan is very development friendly, albeit there have been some changes of late,but still very much worth looking at.Have you missed the boat.........NO! I am still seeing good value for dollars,especially in the sleeper development properties.The vacancy % is pretty tight,mine are never empty that long,and the yields are good.Overall certainly worth looking at, the buy in prices for the right properties are very good value.
     
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  10. jim1964

    jim1964 1941

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  11. is_don_is_good

    is_don_is_good Well-Known Member

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    Is there much demand for the new stock?
     
  12. Harry30

    Harry30 Well-Known Member

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    Hmmmm. Being close to water is always an attraction with real estate, and that goes for pretty much any city in the world. Someone mentioned sea views. I assume the properties on streets with sea views go for a premium and there is a large variability in prices within the suburb?
     
  13. D.T.

    D.T. Specialist Property Manager Business Member

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    We only deal with rentals so can't comment on the sales side of them. The new stock does seem to have lower rental demand because there's always a few options available. If you have something that is decent quality and decent size you'll be a step up on most though.

    Those of us who have frequented the area know there's not much by way of sea views in the area due to its topographical layout. There's glimpses as shown in the google street view screenshot shown, but unless you're in close or have a 2 storey house (both of which aren't typically investment stock) there's glimpses at best.

    upload_2018-5-14_11-2-27.png

    The large variations in price in generally due to close to beach or not, or developable or not (the words development and potential typically add $25K each to the price tag).

    In saying all that, it is actually a really nice beach.
     
  14. Kone

    Kone Member

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    Hi DT what sort of rental yield you getting for this area, if you don't mind me asking
     
  15. larrylarry

    larrylarry Well-Known Member

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    Dave have the house prices in Christie’s beach increased over the last 2-3 years? I was just looking at some houses and it seemed the asking prices are still around 2016-2018 prices. Would love to hear from you and the locals.
     
  16. Pete Arendt

    Pete Arendt Well-Known Member

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    SQM list asking prices. Christies Beach would be mostly 3 bedroom, so prices are down 4.4% for the year and 1.2 % in the past quarter.

    Over the past three years, it's up 1.9%, so not keeping up with inflation.
     
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