What are peoples thoughts on the port Adelaide area? I noticed largs north seems to have a bit of industry around but port Adelaide seems like it could be OK. Does it have a comparable Sydney suburb? Sorry I'm not that familiar with the area. Any parts to watch out for? Thanks for replies
I don't rate it's value to be honest. The cost you pay there can be matched in a closer in, nicer suburb.
Thanks DT. Any suggestions? I think I read in one of the ss threads to watch for the flight path to the west. Would like to avoid that if possible but hoping for a bigger block with subdivision potential (like all on this forum I guess )
What's your budget? Do you need it to be positive c.f. or can you afford neutral / negative for a while? What draws you to SA and that area in particular? You might get more responders with more info
Thanks for the tips. Budget about 400k. Looking for cg and could be slightly neg for a while (up to about $150 per week). I think sa is more my budget than other states at the moment and I would like close to city or lifestyle precincts as possible. Would like capital city exposure and also don't want more land tax in NSW!
http://www.adelaidenow.com.au/messe...rstate-investors/story-fni9llx9-1227423659547 This was only recent.. Don't have to take into account the investor numbers, but they've put out to tender for a revamp of about 4.4km of foreshore, in the hope they can replicate Fremantle. Tenders close end of September i think? In regards to the area, it's been a "We should try and get it back to what it was" style area for as long as i can remember, without anything being done. Semaphore is just down the road, and has taken off in the last 5-10 years
That article is a joke - 30% house prices in the past year and 50% over last 5 years. Exeter, Ethelton have done very little / nothing since 09-10 when alot of the "so called" experts like Terry ryder etc claimed these suburbs as some of the best for growth not only in SA but the whole of Australia. Ethelton has done 0% and Exeter 3%pa over the past 5 years. New Port Quays was an absolute joke, I remember going down to look when they were built - Absolutely stupid prices....
Port and surrounds unfortunately are very out of favour at the moment. Nearby Semaphore has a lot more going for it - the beach, nice vibe along the cafe/retail strip, nice houses, etc
The Lefevre peninsula is nice but Torrens Island and the industrial side is an eyesore. Semaphore and Largs have done nicely but Port Adelaide/Taperoo/Osborne are still at 2009 prices.
As I type this, I sit in my rented top-floor apartment in the New Port development, watching the police helicopter circle overhead searching for tonight's criminal-du-jour. I reflect on my visit to the Port Canal shopping mall today and how the majority of the local clientel I came across could star in the SBS show Housos. I look over towards the cement factory, and watch the plume of smoke/gas/godknowswhat spewing forth from the chimney, and drift towards Exeter, Semaphore and Largs Bay. Some days and nights, when the wind blow from the north, you can smell the diesel from the storage tanks along Victoria Rd. Ahhh... My advice is: the Port Adelaide precinct is really not a great place to live. Better investment options exist elsewhere. I'm only down here because of love (until I can talk her into moving).
Not sure. She has 2 children, so eventually into a high school zone that suits. But there's not for a while to come, so I'm now looking for a cheap but nice (hah) unit somewhere in Semaphore. We're not ready to co-habit just yet...
It's a shame as the area has character with the old buildings and water. I was recently in Hobart and stayed near the Salamanca Market, which has an amazing vibe (artsy, live music, unique and niche shopping, great food). Parallels could be drawn between that area (as well as wharf districts in other cities) and Port Adelaide and you can see what potential there is with the right changes. Will happen in time, just a matter of whether that will be a few years or twenty. I'm not sure that flooding the area with ugly apartments is going to help.
Yeah the Government has rocks in their head if they think an area is going to 'gentrify' just by building dozens of upmarket apartments. New Port Quays proved that.The Government could start off by relocating some of its Departments into the vacant commercial space around the Port. It would save taxpayers money as well since rents would be cheaper than in the CBD.
I've only been there twice, and can't comment on the ppl that frequent the area. But from a purely superficial view, I think it's got enormous appeal.
