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Exactly. Even if prices don't rise. Why would you want to pay off someone else's mortgage? Most people that make good money from property have held it for a long time. It's a strategy any working person can do.

All the new builds in munno west Smithfield etc are way overpriced imo. They are literally a street over from shitty old houses. 400k around that area is joke anyone who paid that in 2007-2008 would be kicking themself now. If you have made a new build cash flow positive could be ok but not my...

500k for 2400 land isn't that good of deal per Sqm but you are getting 4 semi on it which could get you 800 per week total. semis are harder to rent because they are so small and you get worse tenants. They probably want something silly like 550k. Not my sort of buy too much in one spot...

It does seem bad in the short term for Adelaide if you are reading news articles all the time. I only buy property's in Elizabeth at the low end 150-180 ish and then rent them so they are cash flow positive. Search for tenants that have jobs. Believe it or not there are working families in...

I think it's definitely one of the worst areas of Elizabeth. But saying that every free standing house on that size block for the price $170k +- is going to be either very rough in the better part of Elizabeth Vale or a better house like the one in Johnston road. I made an offer and the agent...

Just Round Elizabeth areas. Saw one on Johnston street in the downs that was in pristine condition. One owner home that was like you stepped into the 60's But the area is very bad. It is the worst part of the beth. Also saw one in blakeveiw that needed a whole Reno. It was foul on the...

You can get all this info from calling council. Depends who is working sometimes they are very helpful sometimes I get this old guy who just directs you to the online development plan which is 1000 pages long...

Anyone bought anything recently? Been going too opens, made a couple offers a touch too low though (10k) so back to the drawing board!

It would be worth about 220-240k though

4 bedroom will be worth 235-245k but yea I see what you mean about collecting and waiting. just gets boring doing the same thing all the time! lol

have spoke to a couple of agents about the value of the existing dwelling once its been split up. both think it would still be worth 150k. it will be a 3 bedroom house in fair condition on 550sqm. using this as a guide http://www.realestate.com.au/property-house-sa-elizabeth+south-119045143...

I was thinking of building a 4 bedroom and renting it for $330 per week. which I am confident I will achieve as I rent and old house with bedroom for $320 per week. and had a lot of people wanting to rent it. yes I can retain existing dwelling. It will be close to 8% return on whole...

Thinking of subdividing my corner block at Elizabeth North and building a 4x2. House only cost me 162k including SD and repairs so far Have been told by the time a sub divide and build it will cost me an extra 200k. Is this a good guide? Sub division is roughly 30k+- and build a 4...

What is the general price for a retaining wall 750mm high and 30m long? Have gotten a couple of quotes have been about 10k! Didn't think it would be this much. Is the going price about $350 per metre for materials and installed?

What is everyone's thoughts on blakeveiw? I have the opportunity to buy a house in bad condition agent says it needs 40k spent on it, so could be more. It is about 450sqm block 3 bed 2 bath Built in 1985 What do they sell for in blakeveiw? Have not seen in side yet but she said...

This is what I said a couple pages back and got "lmfao" and also accused I've trying to make it sound worse to pick it up myself! Lol I have done renos before it always ends up costing more than you think.

It would probably be a lot more than this closer to $30k Once you start renovating it always cost more Always hidden extras. Blocked pipes, electrical etc Better off with house. Can get more respectable tenants I'm guessing

I told you before $1300 approx

Yes, Elizabeth Downs

Really? Playford has some of the highest going I heard. I know some one who owns a house in prospect and pays $1700 yet the house is worth $600k