SA IP in Adelaide

Discussion in 'Where to Buy' started by Andy909, 4th Nov, 2018.

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  1. Andy909

    Andy909 Active Member

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    Hi Adelaide experts,

    I am planning to invest in Northern Adelaide suburbs. I know the area has social housing and is not prime but I am banking on large land size (700sqm) and future development potential plus current good rentals with investment of <$200k.

    Happy to get advise on my strategy and suggestions on potential growth suburbs. I am looking Salisbury, Elizabeth, Para hills etc.
     
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Got a time machine? Unfortunately the <250k stuff has dried up due to capital growth over past 2 years
     
  3. Andy909

    Andy909 Active Member

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    I have found few <1980 built properties for <$250k.I wanted to know the market risk of Northern Adelaide vs rest of Adelaide and risk profile of those suburbs, capital growth and rental net return. Some properties with <250k have net positive cash flow as well so I am trying to find what is the catch.
     
  4. Brady

    Brady Well-Known Member

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    Northern Adelaide is pretty big....

    There are some spots would still stay clear of, have a look at street view - normally tells a story.
     
  5. Andy909

    Andy909 Active Member

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    @D.T. I understand you act as buyers agent. Could you please let me know rough estimate of cost involved.
     
    Last edited by a moderator: 6th Nov, 2018
  6. D.T.

    D.T. Specialist Property Manager Business Member

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    Hiya - I'm a property manager, not a buyers agent. If you have something you're thinking of buying I'm happy to go look at it for you if its within our service area. Ie not elizabeth, davoren park, etc

    For a great buyers agent , talk to @DaveM
     
  7. Tracy

    Tracy Member

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    Can anyone tell me how long it will take to gain a subdivision approval
    from the Tea Tree Gully Council ?
     
  8. Andy909

    Andy909 Active Member

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    You should be able to see that from planning website. Application date vs approval date.
     
  9. Tracy

    Tracy Member

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    Thank you very much for the great tip