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SA Munno Parra West SA

Discussion in 'Where to Buy' started by macca446, 5th Jul, 2015.

  1. macca446

    macca446 Member

    Joined:
    21st Jun, 2015
    Posts:
    9
    Location:
    Central Coast
    Hi all,
    Can any forum members give me information they know regarding this area thx

    Macca446
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,584
    Location:
    Adelaide, SA
    Sure, what would you like to know?
     
  3. macca446

    macca446 Member

    Joined:
    21st Jun, 2015
    Posts:
    9
    Location:
    Central Coast
    The demographics of the area and possible future growth of it thanks DT.
     
  4. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    739
    Location:
    SA
    Future growth will be minimal due to the countless land developments always going on with cheap home+land packages that will keep prices down down down
     
  5. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,167
    Location:
    Adelaide, SA
    Huge supply side, so I'm not much of a fan. The area is predominately touted as House and land packages to first home buyers, who upgrade after 2-3 years - this is such a common cycle that I see time and again.

    Rents are only marginally higher than the older established areas nearby, but the prices are significantly higher + tiny block sizes.

    As always, remember that constrained supply provides the strongest capital gains for an investment.