SA First time into the Adelaide market - My recent purchase

Discussion in 'Where to Buy' started by Taku Ekanayake, 16th Oct, 2016.

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  1. tomlemke

    tomlemke Well-Known Member

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    Congratulations sounds like an awesome deal! @Taku Ekanayake great motivation
     
    tomlemke, 22nd Oct, 2016
    #81
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  2. D.T.

    D.T. Specialist Property Manager Business Member

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    No real minimum there, very lax council. But, needs to be marketable as well - no one wants to buy 100sqm :p
     
    D.T., 22nd Oct, 2016
    #82
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  3. Drgonzo

    Drgonzo Well-Known Member

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    I think you will find it has just at a slower rate and I am fine with that. My house has just finished (hand over early November). The rent will cover the principal AND the interest on the mortgage and will provide significant depreciation benefits. Overall, it provides a good return. I would be happy with moderate growth YOY and all from a cost base 50% of Sydney and with better infrastructure (once the Northern Connector is finished its pretty much non stop from Curtis Road to Adelaide city, if you have a reason to go there).
     
    Drgonzo, 23rd Oct, 2016
    #83
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  4. D.T.

    D.T. Specialist Property Manager Business Member

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    Good result :)
     
    D.T., 23rd Oct, 2016
    #84
  5. sash

    sash Well-Known Member

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    Great look forward to that......I own 4 in Adelaide.
     
    sash, 23rd Oct, 2016
    #85
  6. Drgonzo

    Drgonzo Well-Known Member

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    yes ive got 2 over there but theyre in the same area looking to buy something different next year maybe on the NSW south coast but the market is just so overhyped at the moment.
     
    Drgonzo, 23rd Oct, 2016
    #86
  7. jins13

    jins13 Well-Known Member

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    Saw this on Youtube.
     
    jins13, 23rd Oct, 2016
    #87
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  8. sash

    sash Well-Known Member

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    Classic!;)

    @DT they are not one of your tenants are they? Have already checked they are not one of mine. :D
     
    Last edited: 23rd Oct, 2016
    sash, 23rd Oct, 2016
    #88
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  9. bob shovel

    bob shovel Well-Known Member

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    I think that was mine, she up and left after a few months. I think dt misses her daily phone calls
     
    bob shovel, 23rd Oct, 2016
    #89
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  10. Elives

    Elives Well-Known Member

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    Elives, 23rd Oct, 2016
    #90
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  11. jim1964

    jim1964 1941

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    OMG now ive seen everything.
     
    jim1964, 23rd Oct, 2016
    #91
  12. Noobert

    Noobert Well-Known Member

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    Congrats @Taku Ekanayake :) I had heard you scored a cracker. Thanks for sharing details and look forward the next episode in your story.
     
    Noobert, 24th Oct, 2016
    #92
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  13. Mr Dabolina

    Mr Dabolina Well-Known Member

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    Well done mate.
     
    Mr Dabolina, 25th Oct, 2016
    #93
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  14. Caleb

    Caleb Member

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    Well done @Taku Ekanayake. I believe I know the property you are speaking about, can I ask what you did with the 12k of renos? If it is the one, two lovely gums out the back :)
     
    Caleb, 25th Oct, 2016
    #94
  15. Tony Fleming

    Tony Fleming Well-Known Member

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    Tony Fleming, 25th Oct, 2016
    #95
  16. New2prop

    New2prop Well-Known Member

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    New2prop, 26th Oct, 2016
    #96
  17. Tony Fleming

    Tony Fleming Well-Known Member

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    Not yet but it's an interesting concept. I can't see any investors spending the money to do it, home owners on the other hand would get some peace of mind.
     
    Tony Fleming, 26th Oct, 2016
    #97
  18. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    cheers @tomlemke!

    thank you @Elives!

    haha hopefully not too far off - cheers @Noobert

    thanks mate @Mr Dabolina

    thanks @Caleb - full internal paint, new kitchen fit out and splash backs, shower repairs, floating floors in kitchen and dining, curtains, minor electrical and plumbing work, new HWS if any change left over, general yard maintenance & clean
     
    Taku Ekanayake, 29th Oct, 2016
    #98
  19. Drgonzo

    Drgonzo Well-Known Member

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    Meth checks? Are you serious?
     
    Drgonzo, 29th Oct, 2016
    #99
  20. Peter P

    Peter P Well-Known Member

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    Nice stuff Taku, DaveM, D.T. Thanks for sharing.

    I stumbled across your story in the Dec issue of API magazine. There's so much more knowledge and insight on this forum than there is in the magazine.

    Please share what you do next!
     
    Peter P, 30th Oct, 2016
    #100
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