SA Will Adelaide perform from late 2015/2016..will it be a goer?

Discussion in 'Where to Buy' started by sash, 29th Aug, 2015.

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  1. Joshwaaaa

    Joshwaaaa Well-Known Member

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    there is nothing at all to drive a rate rise any time soon except the banks bottom dollar, and having done it once already they will be pushing it to do more above the reserve again
     
  2. Azazel

    Azazel Well-Known Member

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    Yeah, these are the only cities I would consider moving to for employment opportunities. Melbourne's weather is too all over place, Sydney has too many people. Brisbane is looking pretty good ;)
     
  3. Lacrim

    Lacrim Well-Known Member

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    Yes pls - anyone from Melbourne, pls move to Brisbane and become one of my tenants. If you're from Sydney, stay put though:)
     
  4. MTR

    MTR Well-Known Member

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    Watching/listening to Comsec economist and they are predicting rises? I don't know, I hope not, but I am certainly prepared if this happens as the **** will hit the fan.
     
    Last edited: 26th Nov, 2015
  5. adrian_christian

    adrian_christian Well-Known Member

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    Dec 17th is a big date.. That's when the Fed will announce whether they will hike rates or not. Last couple of statements have been quite hawkish.
     
  6. Azazel

    Azazel Well-Known Member

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    And then you move into my Brisbane IP.
    I'm not from Sydney, but I am living here at the moment.
     
  7. D.T.

    D.T. Specialist Property Manager Business Member

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    Where are you from?
     
  8. Azazel

    Azazel Well-Known Member

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    The 'brrrr.
     
  9. Dwalsh

    Dwalsh Well-Known Member

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    I bought 2 years ago in crestmead and deception bay, seems like dbay has out performed my crestmead one, but I also bought crestmead at a good price, then went to Elizabeth and bought one in there. Looking to go to frankston next, although I think I may be missing the boat with that one. Also with apra changes I think places in Adelaide people will look at for value for money and good yields allowing them to get loans.
     
  10. johnpendlebury

    johnpendlebury Well-Known Member

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    well said mate. couldn't agree more. i don't have the figures to back you up, but anecdotally I think you are spot on.
     
  11. Drgonzo

    Drgonzo Well-Known Member

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    Gotta love suburb snobs. Just like the guy who told me I was stupid to buy in girrawheen in 2013. I sold it two months ago and cleared 25 percent.

    I have another one in Munno Para which is yielding 7 percent.

    It's an affordable area and there is good demand for decent size homes - 3 bedroom bungalows on a postage stamp aren't for everybody.

    With the Northern Connector kicking off next year it will make the area more accessible to Adelaide.
     
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  12. D.T.

    D.T. Specialist Property Manager Business Member

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    I like this. I currently drive from Morphett Vale to Smithfield Plains in 65 mins (if traffic is good) and it'll be even less once that's in.

    For ppl who work either in the city or blue collar stuff in the northern suburbs like Wingfield, the commute from Playford areas will drastically reduce.
     
    Last edited: 21st Dec, 2015
  13. sash

    sash Well-Known Member

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    Have a look at the supply in Munno Para?

    Sydney is very different to Adelaide...suburbs choice is very important. Adelaide is only growing at 0.8%.....unlike a Melbourne where it is growing at 1.6%....

     
  14. Drgonzo

    Drgonzo Well-Known Member

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    Despite the supply Munno Para West (distinct from the older part of Munno Para) and even nearby Andrews Farm have performed reasonably well (although the data seems to vary a lot depending on the source).

    these suburbs are able to offer newer stock on bigger blocks - as I said not everyone wants to live in a tired old shoe box with no backyard - the inner ring of Adelaide , with some exceptions, is dominated by that sort of housing.
     
  15. sash

    sash Well-Known Member

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    It is the inner/middle (up to 17 klms) ring of Adelaide that has price growth......the price growth outside of these areas is limited bar some specific suburbs or have a redeaming feature like near beaches.
     
  16. Drgonzo

    Drgonzo Well-Known Member

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    Interesting - but the reality is that Andrews Farm has the second highest long term growth rate in South Australia at the moment. The whole "close to the CBD as possible" theory is an outdated one (bid rent theory) when cities were mono centric and no services existed outside of the centre of the city.
     
  17. Corey Batt

    Corey Batt Well-Known Member

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    I'd be interested to see the data that shows Andrews Farm as 2nd highest to be honest - it's an area well known to be struggling from supply issues both in terms of rent and CG. I have 1960's properties in Smithfield/Elizabeth which rent for a higher amount than new builds in Andrews Farm - talk about painful.
     
  18. Drgonzo

    Drgonzo Well-Known Member

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    Probably not them most reliable source - see img below
     

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  19. Corey Batt

    Corey Batt Well-Known Member

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    Ah - I'd be very careful about the sales data provided by realestate.com.au - it's highly inaccurate to the point of useless.

    I've attached a suburb data breakdown to this post - which takes into account all sales in the area - whereas Realestate.com.au looks at the prices listed on it's website solely.
     

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  20. sash

    sash Well-Known Member

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    On that I agree....the lower price points on Smithfield/Elizabeth...you can still get 7% plus returns with a bot of looking. Though capital gains are not big.