SA Elizabeth in South Australia

Discussion in 'Where to Buy' started by Yson, 5th Jun, 2018.

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  1. Yson

    Yson Well-Known Member

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    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?
     
  2. Westie

    Westie Well-Known Member

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    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)?
     
  3. John_S

    John_S Mortgage Broker

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    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?
     
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  4. Yson

    Yson Well-Known Member

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    Not really, think gone up $5 only.
     
  5. DaveM

    DaveM Well-Known Member

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    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
     
  6. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    looking at the Q1 figures show a 16.6% jump for Davo park $180 to $210

    Public Information - REISA
     
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  7. TMNT

    TMNT Well-Known Member

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