SA Creating positive cashflow (Adelaide)

Discussion in 'Where to Buy' started by Ben Duncombe, 15th Oct, 2015.

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  1. Ben Duncombe

    Ben Duncombe New Member

    Joined:
    18th Jun, 2015
    Posts:
    4
    Location:
    Adelaide
    Hi all,

    We have recently bought a property at Murray Bridge on a corner and have subdivided to give us a vacant block at the rear of the existing home.

    Council regulations restrict us to one dwelling (due to land size 520sqm). we would like to maximise our ROI, we have heard that it could be possible to build one dwelling but split it into two by having a conecting door that would allow us to collect two rents without having to pay for another community division.

    Does anyone have any further information they can provide as to how to acheive this or any other clever ways to boost ROI from one property?
     
    Ben Duncombe, 15th Oct, 2015
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Murray Bridge is in Adelaide now? :p

    I think your best bet would be to build a nice 4x2x2 and rent it to a big family. It may attract a premium since most stuff is 3x1

    Check with Jim though, he's the only one brave enough to venture out there.
     
    D.T., 15th Oct, 2015
    #2
  3. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    Yep hes the man on the ground there.

    I meant to go to Murray Bridge a while ago but I left my passport at home in Sydney
     
    DaveM, 15th Oct, 2015
    #3