SA Outer Southern Suburbs Adelaide Summary

The duplex deal sounds fantastic, well done on that cash cow.
I've been looking at also buying in Adelaide again but the economy outlook concerns me. And if something sits flat, I'd rather invest into something else and buy again later. Unless I can build and create some profit. Still learning the areas, wrapped that Corey and David are listing lots of info.
And yes APRA it's making things interesting.

Thanks for the responseCheers.

 

Don't get me wrong, I really like the southern outer suburbs of Adelaide but it seems really slow moving, there's no huge demand.

And if huge demand was to come on, there's a lot of land that can be released. I can't see a huge boom happening.
Sorry.

 

You bring up a good point, who is buying the southern areas?

 

I'm guessing mostly owner occupiers and the odd person landbanking for future development?
Still, there's heaps of land there...

 

can you please detail this land, curious to know as I didnt think there was that much (but admittedly probably dont know)

 

It just seems like there's a lot of vacant land as you drive down south. Particularly if you look to the east of the highway. I think it might take quite a few years before all the oceanside land is absorbed too.

Note, i'm definitely no expert on Adelaide but it doesnt feel like anything like Sydney or even Brisbane does in terms of scarcity of land in relation to the ocean.

 

Do you mean where those 50 year old suburbs are?

 

Like this, huge areas of land with no housing. Its very different to Sydney. So it pushes down house prices when there are many alternatives available. I'd have no issue living there, its nice, but with a lot of availability, it makes the prospect of capital growth that bit more difficult. If buying something it would have to be a standout or with a twist imo, not something run of the mill.

 

That 'vacant land' is a massive valley and unbuildable. Sometimes google wont tell you about an area.

The second picture is about 40km from the city, my dad lives here. He built in 2009 in a new estate at Aldinga beach and has had pretty good growth. I wouldnt pick this as an investor as it is so far out. Its more attractive to first home buyers.

 

Still... it looks heaps flatter than land that's typically built on in Sydney!

 

Terrain view on google maps below

Google Maps

 

There's big gullies like this all the way through there.

Google Maps

 

It'd be worth noting the urban growth boundary which is currently being put through the State government, which denies any of these lands being discussed from being used for an increase in residential growth - the other section is a protected national parkland with significant environmental + recreational infrastructure in place.

Australia is a big sparsely populated place - there's always going to be land next to existing suburbs which can be built on. What really determines property sprawl and price is planning laws and the geography surrounding it.

 

Ta. There's still little land restrictions if I compare to elsewhere. But it sure beats Elizabeth and surrounds many times over for a home to live in though...

 

Thank you coota9 and davem for your reply. A lot of retirees but The trend has changed when comparing the data from 2006 to 2011. A lot more families are moving to the area, which is really positive thing

 

Sydney's difficult - we have crappy transport for the most part and the city is right near the harbour. Adelaide can still expand North and South but Sydney can expand North West and Southwest (and west to a degree) but commutes Southwest/North west are a killer. Other options are Illawarra and Central Coast which arent Sydney to many people.

Who knows but I reckon the urban growth boundary could be repealed when the government wants to release some land down the track....

 

In Sydney that could be thought of as flat! People in my neighbourhood have creek-like waterways through their backyards... actually I did too... (i'm not considered to be in the "Hills District", but i'm near it). Neighbour has a great big water retainer/catcher buried in his backyard to catch all the overflow water flowing into his yard...

 

Urban growth boundary legislation passed last week, the ability to just keep growing has been stopped by law.

 

To be honest that is some pretty tall speculation compared to all of the evidence in place. There is a reason why the government wants to stop sprawl - it's already 75km long. In perspective, Sydney from Bondi to furtherest most Eastern point to Penrith is 57km.

In the northern suburbs - the Virginia and surrounding region cannot be built on any further as this is degrading the water table, and in turn is one of the regions larger local employers and food producers - theres a reason why the government is putting the fixed boundaries in. These same boundaries have already been in force across various local governments, but is now adding a State government layer.

Likewise in the Southern region this is a primary agriculture zone which is an employment hub, and following onto there is the wine region. The main opponents to the urban boundary which has been voted successfully through the lower house have stated that the boundaries being put in place will cause property prices to surge in Adelaide, causing significant unaffordability.

 

Yep. But only briefly. Yes, its really nice.