Is that really possible to get over 8 % return from ....where do you look for them ?

Is that really possible to get over 8 % return from IP ....where do you look for them ? Or it is just a myth ...

 

Used to be some of the mining towns. No more.
Dual income properties perhaps?

Commercial property definitely, but different LVR.

 

Adelaide Northern suburbs all day long. I've picked up quite a few in the 8-11% range, market has recovered quite a bit now so we're looking at 7-9%. The odd 1 in 100 sale still touches over 10% though, but you have to be fast.

 

I have a 9 and a couple of 8's among my mix

 

What tools you guys use to look for them. Is that worth buying membership of realestateinvestar

 

Just knowing what properties rent for in the area and then negotiating a price that works.

 

This was possible in Sydney only a couple of years ago.

 

usually the cheaper areas such as Mandurah, but it comes with added boganism

 

I have a 12.3%

And a 8.5% in Lizbef

 

Corey which suburbs are you referring to ? I might need to take a trip

 

Really, why is Adelaide not popular with investors?.

MTR

 

Another option mentioned properties which dual income, but with markets that have experienced substantial growth over last 2-3 years probably a tough call now to achieve high yields.

Source properties where you can add value, cut up block build at rear, or add a g/flat, generate additional income.

Rent by room, ie student accommodation

Shares specific to property commercial etc, these generally provide higher yield

Look outside Australia

All of these have pros and cons


MTR

 

Considering the Elizabeth SA Somersoft thread alone has 127,600 views and circa 1,700 posts (making it one of the largest thread ever on SS) - I'd say it's immensely popular.

After Brisbane, Adelaide is the second highest city gaining investor interest with our interstate clients - in percentage terms I would take a stab at circa 30%. 18 months ago this was only circa 10% - with the lionshare being Sydney of course.

The same old jokes always get made about Adelaide, meanwhile there's been quite a few investors who have picked up double digit yields and 20%+ CG over two years.

Watch this space.

 

I certainly will

 

Ex-government duplex sale in Adelaide's southern suburbs (Huntfield Heights)
Rents $250 per side ($26k pa)
Buying for $325k.
8% yield

This was September.. so prices may have moved a bit, and these duplexes are few.

Also try out the RE yield map to narrow down your suburbs. Use it in any capital city you are looking for.
An example: http://www.realestate.com.au/invest/house-in-christie+downs,+sa+5164?shd=rental_yield

You can also look at http://www.yourinvestmentpropertymag.com.au/top-suburbs/ to sort yields. But be wary of stats, alot of the top yields are due to holiday rentals that have ALOT of outgoing costs and time consuming PITA work involved, e.g. Huskisson.

Don't let these maps lead you into dodgy little towns outside capital cities either.. if property prices have crashed in some towns that also makes it report a high yield! Tools are a starting point to searching only, and you still have to do ALOT of other research.

 

Student housing or dual income.

If you can't find them build them...

 

There's plenty of Regional's with very high yields, not just Adelaide.

 

It's cute you calling Adelaide 'regional'!



pinkboy

 

Buy anything today & wait a few years - it'll return 8% on purchase price eventually...... mine are anyway.

 

LOL! Compared to Sydney it is..........

For the record, I meant that you can find cf+ in some Adelaide suburbs AND in many regional areas.