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SA Elizabeth SA Mega-thread continued..

Discussion in 'Where to Buy' started by Corey Batt, 18th Jun, 2015.

  1. Perthguy

    Perthguy Well-Known Member

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    I am hoping my parents have the same experience as you! :)
     
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  2. Robert Petty

    Robert Petty Well-Known Member

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    I just saw you've said they're buying in the area. Honestly I think they will do well. It takes a bit of thick skin to really be able to manage a property well in the area if you're doing it yourself or if you're a PM in the area too I'd assume. Will you be at the Perth meet up on the 21st? I'd be more than happy to elaborate with you then in person.
    But I guess my point from my post before is the way everyone jokes about the area I think everyone's just to scared. If you're the type of person that lets people walk all over you then stay away until its gentrified, which is a long way away but still surely. But if you're the type to put their foot down and take action you'll do well.
    @Perthguy
     
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  3. Robert Petty

    Robert Petty Well-Known Member

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    I really hope you were intending the pun there because it's gold
     
  4. Robert Petty

    Robert Petty Well-Known Member

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    IMG_0181.jpg IMG_2004.JPG Here are the before and after photos.
     
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  5. Perthguy

    Perthguy Well-Known Member

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    I hope I will be there. I think I'm the organiser! :eek:

    My parents are a bit past self managing and will be using a good PM. They seem to be buying properties with long term tenants who want to stay on. They have been meeting tenants and are impressed so far.
     
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  6. joel

    joel Well-Known Member

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    Except you can't force them to use Centrepay and they can cancel it at any time.

    Plus if you've ever been on Centrelink, you'd know they cut your payments off every now and then for no reason just to keep you on your toes..
     
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  7. HUGH72

    HUGH72 Well-Known Member

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    Nice, my tenants in Elizabeth have done something similar. The front yard was mostly just gravel but they asked if they could move it to a path on one side and plant grass instead. They have done a good job.
     
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  8. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Better to find tenants who work. Don't rely on Centrelink tenants
     
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  9. Robert Petty

    Robert Petty Well-Known Member

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    @Perthguy haha well in that case I would expect to see you there.

    @joel yeah you're right on that, sort of. One of my tenants was forced to use it. They would only pay him half his benefit into his account and then pay me the rent and put the difference onto a card that he could use at certain stores. He was forced to have his payments that way for 12 months I think.

    @HUGH72 any photos? I think that when tenants ask if they're allowed to make improvements on the property that they will be there for the long run. Because if they're making improvements they want to make it their home and not just a house.

    @Johnny Cashflow yeah you're right. That would always be preferable but the tenants Ive got in place have been working well for me for the last couple of years.
     
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  10. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    That's good mate! It's about finding the right tenants. Don't have to be working or on Centrelink. Once you find good ones that stay the property's are easy
     
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  11. Ben Chifley

    Ben Chifley Well-Known Member

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    Just as a heads-up: There has been a spate of arson attacks on empty properties in the north - culminating in this terrible incident last night:

    http://www.adelaidenow.com.au/news/...h/news-story/e10f31c4a1bfbc582e5b85c53e455889

    Even if your property is only temporarily empty or under renovation it's a good idea to ensure that your insurance company is fully informed in case you find yourself denied payment due to the "details out of date" or similar.
     
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  12. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    New ice rink/Entertainment center close to approval,

    Playford News
     
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  13. D.T.

    D.T. Specialist Property Manager Business Member

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    The tennis courts being built have made good progress too.

    I guess they think that getting kids involved with sports will stop the multigenerational crime cycle.
     
  14. Brady

    Brady Well-Known Member

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    Drove through Elizabeth a few weeks ago, mind you only on my way to the Barossa... But I was impressed with the amount of work that is actually happening there.

    As @D.T. stated, the increase in sporting facilities should hopefully only improve the area.
     
  15. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    Playford News

    Yeah the tennis courts are looking great and shouldn't be too far off from completion.


    I think that a lot of people would be oblivious to the amount of Development that is currently planned and in progress in the Playford lga. The local council is pushing development hard, but more importantly private business is also backing the area.
     
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  16. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    Pasted from yesterdays edition of Northern Messenger.

    Get in quick to bag a property bargain

    From page 01 ANGLE Vale, Elizabeth and Andrews Farm have been dubbed the “bargain areas” by northern real estate agents following significant median sale price drops in the past year.

    New CoreLogic RP Data Market Trends figures show the median price for Angle Vale homes fell by $25,750 in the year to December 31, when compared to the same time the year prior.

    It meant homes were selling for a median price of $484,250, compared to $510,000 in 2015.

    Meanwhile, houses at Elizabeth dropped from an aberage of $238,500 to $220,000 and Andrews Farm median prices fell to $270,000, down from $279,000 in 2015.

    Ray White Salisbury sales agent Andrew Farnworth said a large supply of new houses around Andrews Farm was driving down sale prices of the older homes in already-established areas. But the Elizabeth decline was a surprise, he said.

    “I would have thought the property values would have gone up because of all the new developments in the area – Playford Council’s Northern CBD and the new sporting infrastructures, including the law bowls, tennis and soccer facilities,” Mr Farnworth said.

    “But in saying that, I think Elizabeth would be a very good investment for buyers … I would certainly urge people to get in now before the developments are finished and the price starts to jump again – it’s a bargain area at the moment.”

    First National Real Estate Gawler sales consultant Grant Fielke agreed now was the best time to snap up a property at Elizabeth.

    “It’s very cheap and the reason for the drop in price is because there are so many cheap house-and-land packages in that area,” he said.
     
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  17. Nemo30

    Nemo30 Well-Known Member

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    Lol if i had $500k to spend it wouldnt be out there.
     
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  18. Drgonzo

    Drgonzo Well-Known Member

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    Why would you spend 500k out there? You don't have to, that's the point. What's the point of this post?
     
  19. joel

    joel Well-Known Member

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    Because that was the reported median. Some people are obviously spending that out there.
     
  20. Drgonzo

    Drgonzo Well-Known Member

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    That's because angle vale properties are on much larger parcels of land