Hi from SA

Discussion in 'Introductions' started by JASA, 1st Sep, 2015.

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  1. JASA

    JASA Well-Known Member

    Joined:
    25th Jun, 2015
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    Location:
    Australia
    Hi Ex SS since 2010. My property investment journey has not been plain sailing, I've made some good decisions and some bad ones but still here battling away. Current portfolio 2 Apartments in North Adelaide, 1 rural acreage north of Adelaide and a house in Redlynch Cairns. Hello to all, best of British luck to you :)
     
    JASA, 1st Sep, 2015
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    3rd Jun, 2015
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    Location:
    Adelaide and Gold Coast
    Hi and welcome, seems to be plenty of SA people about :)
     
    D.T., 1st Sep, 2015
    #2
    JASA likes this.
  3. jim1964

    jim1964 1941

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    Location:
    Westcoster Strahan Tasmania
    hi Jasa,can I ask how your North Adelaide apartments are going?
     
    jim1964, 2nd Sep, 2015
    #3
  4. JASA

    JASA Well-Known Member

    Joined:
    25th Jun, 2015
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    Hi, they're pretty good. Rental returns have been great but have not increased markedly since I bought them in the early 2000's. CG not spectacular, we have to be due for some more of that eventually.
     
    JASA, 4th Sep, 2015
    #4
  5. Simon Hampel

    Simon Hampel Founder Staff Member

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    Sydney
    Welcome JASA!

    Is there a lot of rental competition from other apartments in the area?

    If you bought them early 2000's and haven't had any CG, it sounds to me like perhaps you paid too much for them? Were they OTP? I would have expected quite significant growth since then.
     
    Simon Hampel, 4th Sep, 2015
    #5
  6. Steven Ryan

    Steven Ryan Well-Known Member

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    Welcome aboard.

    Are you looking at expanding or consolidating your portfolio in the near future or happy with where things are at? :)
     
    Steven Ryan, 5th Sep, 2015
    #6
  7. jas

    jas Member

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    6th Sep, 2015
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    Location:
    Australia
    Hi Jasa, we should stick together :)
     
    jas, 7th Sep, 2015
    #7
    JASA and larrylarry like this.
  8. JASA

    JASA Well-Known Member

    Joined:
    25th Jun, 2015
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    Location:
    Australia
    Hi Simon, they are studios top floor of 3 storey walk up off Melbourne street. I paid $180,000 rental return was $300/ week since purchase...now $320 :( probably worth $260,000 now. Not great over 12 years. There are loads of apartments in CBD mine have car parks so that's a big plus, hoping for a lot more growth.
     
    JASA, 11th Sep, 2015
    #8
  9. JASA

    JASA Well-Known Member

    Joined:
    25th Jun, 2015
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    Location:
    Australia
    Thanks, I am consolidating but keeping the apartments as they are low maintenance and I've always had great tenants.
     
    JASA, 11th Sep, 2015
    #9