Have been following propertychat for a while now and been listening to David's podcast. Interested in buying an IP in Adelaide. Which 5 suburbs has the potential for growth and yield in the outer ring of Adelaide. In 450- 550k max range cheers Rod
Have a read of these suburb reviews by Corey and David as a starting point, they are 2-3 years old now, but still a good introduction to some suburbs around Adelaide and the property types to consider: adelaide suburb review - PropertyChat - just be aware that some of the values / rent may have changed somewhat. Your price range will buy you inner-middle ring properties around Adelaide depending on what you're looking at. Outer rings are more like $200-300k.
I'll bite, my top 5 suburb picks for $450 - $550k with good capital growth for the medium term: All HOUSES on approx 600m square land (or more): 1. Edwardstown 7.6km Sth of Adelaide CBD Median $532,500 (REISA 2019 March Quarter) 2. Blair Athol 8.5km Nth of Adelaide CBD Median $495,000 3. Seaton 11km West of Adelaide CBD Median $527,000 4.Campbelltown 10.4km North East of Adelaide CBD Median $534,750 5. Ferryden Park 10.5km Nth West of Adelaide CBD Median $455,000 NOT ADVICE.
