SA Elizabeth Property 2017

great for returns....you will be very old if you are waiting for capital gains....I have stuff in Victoria (2 places) which will easily more than earn more CG than all my properties in SA...in less than 2 years.

 

Yea, really need to ensure you're buying the right product.

 

I really don't think it will be that far off, reckon another 5 years will see it >$250k for what I paid $175k for.

Don't get me wrong, not stellar performance. But for me, I put $0 down borrowed 107% and it's been CF+ and tenanted since day 1.

If/when the time comes that it stacks up I'll either sell the whole lot, or knock down and put 3 on it.

 

Not convinced......with investors being pulled back and low growth in SA...I doubt this will happen.

Much better products in other states.

 

The growth is still there just because it's low growth.
The urban sprawl continues.
Money is being spent.

I'll be around in 5 years, see how it goes.

 

Green light for Northern Adelaide Irrigation Scheme

"The State Government has welcomed the Federal Government’s funding announcement to support a $155.6 million initiative which will create an estimated 3700 jobs and add more than $500 million a year to the State’s economy."

Green light for Northern Adelaide Irrigation Scheme - Look North

 

@sash Mate you bought a semi in Elizabeth North. Of course its not going to do well. I'm a noob and even I wouldn't buy a semi in Adelaide. Look how much land is available out there to subdivide. Good decision selling it. However for anyone buying freestanding, you'll do well in the next 5 years. The vacancy rates are low and prices are so much lower compares to other capital cities. Adelaide property market has been doing as well if not better than Brisbane. Don't be fooled by the spruikers.

 

If you think that the Adelaide will do better than Brisbane....you have it incorrect....Adelaide will plod along.

The issue with Adelaide is the lack of population growth....unlike Sydney, Melbourne, Brisbane, and even Perth.

 

I don't know if Adelaide will do better than Brisbane, I've invested in both cities so I hope both do well. I do think Adelaide is seriously undervalued and there is a lot of focus on it right now. People are looking down on it as a failure and hopefully something good comes of it. A lot of investment in the North by the government. The vacancy rates are much lower than Brisbane, so make of it what you want. I'm buying at a price that people paid 10 years ago and I HOPE it doesn't stay the same for the next 10 years TBH. Hope you do well wherever you invest with the money you've taken out of Adelaide.

 

Playford News

Update from the local government about where the redevelopment is at - interesting they're looking to try put in a 4.5 star hotel in the area to cater to the sporting hub being constructed. There isn't much accommodation of this type anywhere nearby so it will be certainly something different to see that get off the ground.

 

All of Adelaide who knows, could be better could be worse - actually who cares.

Markets within markets, if you buy in Elizabeth this year thinking it will do better than a Suburb in Sunny/Gold coast probably incorrect.

But all about fitting your plan.


I've mentioned multiple times areas that I would buy in Adelaide right now and they're growing with great potential for further growth.

Also a moot point if you pay too much in the first place or purchase the wrong product for that area.


What is often forgotten about Adelaide is the geographical setup which limits the supply.
West you have water, East you have Hills - completely limiting the supply which puts pressure on demand.
This demand translates to each council having pretty reasonable development plans which allow good infill.
This is why you see so many areas continue to grow whilst the states economy 'isn't doing that flash'

 

Yep...agree....but time is a commodity I don't have at the moment....I might be dead by the time that happens.

There is an opportunity cost...and I can't afford this at this point in time...

 

I think the people who bought the right type of property in the right areas are doing well

 

Just look at inner east and the Adelaide hills at the moment - going crazy.

My PPOR has been faring nicely in this bull market: Free Suburb Profile report for Crafers SA (5152)

 

Father of 8 coming home from the pub early on Friday morning hehe

https://www.facebook.com/video.php?v=1747998235504138

 

Hahahaha

So many missing teeth!

 

That guy got laid 8 times? There's hope for us all.

 

The past five years has seen an increase of 2,129 people on unemployment benefits in the City of Playford; No Cookies | The Courier Mail. Wonder if they moved there from elsewhere because of the cheaper housing?

 

8 kids will do that to unemployment stats!