Perth vs Adelaide - Long term potentials

Discussion in 'Where to Buy' started by icic, 7th Jun, 2017.

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  1. icic

    icic Well-Known Member

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    Hey all, what do you guys think of the long term potential of those two cities, that is 15 year +
    I am looking in to a IP in one of the two cities. I am looking into having a yield of 4% plus.
     
    icic, 7th Jun, 2017
    #1
  2. Xenia

    Xenia Well-Known Member

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    Adelaide is not yet overpriced.
    Room to move, more growth potential.
     
    Xenia, 8th Jun, 2017
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  3. sash

    sash Well-Known Member

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    perth by a country mile.....
     
    sash, 8th Jun, 2017
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  4. bob shovel

    bob shovel Well-Known Member

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    When will they adopt the metric system?
     
    bob shovel, 8th Jun, 2017
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  5. bob shovel

    bob shovel Well-Known Member

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    It's more like mining town vs regional town, both have their pro's and con's. And both probably at opposite sides of the clock atm
     
    bob shovel, 8th Jun, 2017
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  6. radson

    radson Well-Known Member

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    Long term, definately Perth.
     
    radson, 8th Jun, 2017
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  7. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    If its yield your after with a low buy in price, check out Adelaide's north.
     
    ollidrac nosaj, 8th Jun, 2017
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  8. ndpjai

    ndpjai Well-Known Member

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    Perth
     
    ndpjai, 8th Jun, 2017
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  9. icic

    icic Well-Known Member

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    what's the vacancy like in Adelaide? I am just a little worry about the population growth, especially considering how many young people are moving out of the state. what's your take on that particular issue?
     
    icic, 9th Jun, 2017
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  10. icic

    icic Well-Known Member

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    I do think Perth has a better vibe for young people and could attract more migration in the long term (10+ years) but the oversupply is still a huge issue? consider how many jobs they actually have lost?

    I am seriously considering Canberra now.
     
    icic, 9th Jun, 2017
    #10
  11. 2FAST4U

    2FAST4U Well-Known Member

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    The vacancy rate in Adelaide is low.

    As for the youth exodus it all comes down to the economy and poor management. I blame the privatisation of ETSA as the state's downfall.
    Electricity Trust of South Australia - Wikipedia
     
    2FAST4U, 10th Jun, 2017
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  12. D.T.

    D.T. Specialist Property Manager Business Member

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    Perth has a big over supply issue and falling rents. This might sort itself out in the next year or 2.

    Adelaide has a good rental market at the moment. Price rises will follow. Has better employment stats than Perth now but may not stay that way.

    Canberra is pricey. Land tax on every property. Even the cheapest suburbs have an entry point of 500k. It also follows election cycle whereby the new party always sheds jobs. Much nicer tenant demographic than here though.

    Realistically people can only tell you short term. No one in the world knows what happens long term. If they do its usually where they're investing or some personal vendetta / bias.
     
    D.T., 10th Jun, 2017
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  13. bob shovel

    bob shovel Well-Known Member

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    I agree. Buy in Adelaide :D
     
    bob shovel, 10th Jun, 2017
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  14. D.T.

    D.T. Specialist Property Manager Business Member

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    I have properties in all 3 locations, buy where you can afford :)
     
    D.T., 10th Jun, 2017
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  15. bob shovel

    bob shovel Well-Known Member

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    Adelaide?
     
    bob shovel, 10th Jun, 2017
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  16. jim1964

    jim1964 1941

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    Im slashing my holdings,how many you want?
     
    jim1964, 10th Jun, 2017
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  17. MTR

    MTR Well-Known Member

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    I don't know to be honest, however, something odd is happening in Perth at the moment, everything is selling, however price sensitive. Prices have come off from 2014 levels.

    There are some screaming bargains within 8 km from CBD.

    Not sure that developing makes sense at the moment, I am holding on to a couple of sites and waiting for the tide to turn.

    MTR:)
     
    MTR, 10th Jun, 2017
    #17
  18. sash

    sash Well-Known Member

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    Didn't I say that Perth is the next one to look at after Melbourne, Brissie and then Perth?
     
    sash, 10th Jun, 2017
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  19. Perthguy

    Perthguy Well-Known Member

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    Eventually we will. :)
     
    Perthguy, 10th Jun, 2017
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  20. ollidrac nosaj

    ollidrac nosaj Well-Known Member

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    I wouldn't be too concerned about vacancy regarding Adelaide, its low and has been for many years. In my personal experience out north its always been old Tennant moves out, new Tennant in as soon as the keys have been dropped back.
     
    ollidrac nosaj, 10th Jun, 2017
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