Hi, does any one know how's the markets going, is it flat, as bought a 3 Bed 3 yrs ago and recently when I spoke to Agent (the one who I bought from) about the markets, and she told me it's flat, meaning I am not getting even a small capital gains?
Surely there's been some steady growth there too. Someone posted in the Adelaide thread about having 3 in Elizabeth that were doing well. What are you seeking to achieve anyway, selling (market rates applies) or seeking to eke out some equity for another purchase (bank val applies)?
There are pockets of Elizabeth that have done well, however the suburb as a whole looks a bit stagnant. 19 Donhead Street, Elizabeth Sold in 2007 for $185,000 Sold in 2017 for $225,000 Thoughts on Elizabeth SA? Detailed thread on Elizabeth and surrrounding suburbs Has your rental return improved since purchase?
Elizabeth simply has too much rental stock and turnover to have huge gains in the short term. Some suburbs are upwards of 50% rentals. Long term it would grow but you are talking 10 year horizons or manufactured equity. The owner occupied parts eg liz grove has done much better than most
for those of you who arent scared of elizabeth, this is a very interesting one, 1200sqm if im not wrong, setup prior as a tea house 42 Peacock Road, Elizabeth Downs, SA 5113