SA Elizabeth profiled in this months API magazine

Discussion in 'Where to Buy' started by D.T., 6th Oct, 2015.

Join Australia's most dynamic and respected property investment community
Page 3 of 6
  1. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Given that they've reduced the price on it a couple of times since it's been listed already, I think it could be negotiated down more. Look at the numbers in my dev thread to match it up.
     
    D.T., 6th Oct, 2015
    #41
  2. joel

    joel Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    876
    Location:
    Adelaide
    Heh, just like the first place I rented. Doesn't sound too bad!

    What makes you say that? Is that because they are already discounted so you get the double whammy of discount + value add?
     
    joel, 6th Oct, 2015
    #42
  3. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Exactly. And you only get to use it once.
     
    D.T., 6th Oct, 2015
    #43
  4. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    919
    Location:
    SA
    Reduced price would be due to HIA order everyone is scared of
     
    Johnny Cashflow, 6th Oct, 2015
    #44
  5. joel

    joel Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    876
    Location:
    Adelaide
    Don't remind me :p I'm gonna end up waiting and waiting for the perfect first purchase
     
    joel, 6th Oct, 2015
    #45
  6. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Yep, but I mean it's been reduced a couple of times since its been listed as hasn't got much interest. Those who are brave will take the reward I think.

    Get perfect purchase out of your head now. In the time it takes you to find a 10/10 place you could have found 5 8/10 places. Guess which portfolio would have increased the most?
     
    D.T., 7th Oct, 2015
    #46
    Johnny Cashflow likes this.
  7. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,523
    Location:
    Sydney
    I forfeited mine, but I'm glad I did, because I wouldn't be in the same position that I am today if I'd focused on making sure that I get the FHOG.
     
    spludgey, 7th Oct, 2015
    #47
  8. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    It seems Brissie is super hot atm and I'm now thinking Adelaide. I've not been to Adelaide and know nothing about Adelaide except for news on car manufacturing. But the potential yields that you guys pointed out fits my next quest for serviceability. Guess I need to get an air ticket soon.
     
    larrylarry, 7th Oct, 2015
    #48
    Sonamic likes this.
  9. ADLInvestor

    ADLInvestor Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    126
    Location:
    Adelaide
    What are the chances of picking up that property for around the 100-110k mark? I know it's quite a reduction once again.. But is it worth enquiring?
     
    ADLInvestor, 7th Oct, 2015
    #49
  10. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    I think its definitely worth a shot. That's basically land value.
    South Australians are helpful people; I'm sure someone will help if you need it.
     
    D.T., 7th Oct, 2015
    #50
  11. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,022
    Location:
    QLD
    Thoughts- I like it provided I never have to live in an E suburb.:p
     
    HUGH72, 7th Oct, 2015
    #51
  12. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Even Elizabeth Bay? :p

    I wouldn't live there either. Investment and living decisions have a very different basis.
     
    D.T., 7th Oct, 2015
    #52
  13. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Thanks @D.T. I wonder I should look at the surrounding suburbs near E, E Grove, E Bay...
     
    larrylarry, 7th Oct, 2015
    #53
  14. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    E Bay was a joke as its a multi million dollar Sydney suburb which contrasts greatly with SAs E suburbs :p

    SA's E suburbs are all pretty much the same to be honest.
     
    D.T., 7th Oct, 2015
    #54
    larrylarry likes this.
  15. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Just had a quick look (3 bedder, more than 600sqm) on realestate...wow E North has houses between $120-180k? Wow.
     
    larrylarry, 7th Oct, 2015
    #55
  16. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    You'll find most of those are duplex halves (called maisonettes in SA)
     
    D.T., 7th Oct, 2015
    #56
  17. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    You are right!
     
    larrylarry, 7th Oct, 2015
    #57
  18. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    You want to avoid them unless you're buying both sides so you can control the land
    1) they attract undesirable tenants (not always)
    2) if something bad happens to the other half (bad tenant, fire, flood, disrepair) then your one becomes undesirable too
     
    D.T., 7th Oct, 2015
    #58
    larrylarry likes this.
  19. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    I agree. A lot of restrictions when it comes to reno etc.
     
    larrylarry, 7th Oct, 2015
    #59
  20. Balman

    Balman Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    254
    Location:
    Perth
    Been looking at the area for sometime... wondering if there were any parts to avoid in the 'E' Area. or any parts that are better then others? What is everyones thoughts on the neighbouring areas D Park etc. Thanks
     
    Balman, 7th Oct, 2015
    #60
Page 3 of 6