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I've been hearing this a bit too in the market in general. Perhaps the heat is abating a bit...

Very good point Steve...dead on...

Personally I prob wouldn't trust the historical data for Aldinga really anyway. Like Kegger mentioned earlier, in the past before the expressway and general southern expansion it really was a bit "unwanted" down there. Perhaps that could've been said for most of the southern beaches...

Hi again Jo. Don't have full data for Aldinga but do have the 1993 median which I gleaned from http://www.upmarket.net.au/ back in the olden days when the data was free :eek: ... it was $74,500. Current median (4Q 2007) according to REISA is $280k so by my calcs that's makes it approx...

Hi SS....welcome to the forum. IMO why would you sell? If you can afford to hang on to them with good yield/depreciation and great potential growth then do it! Said it before, the southern beaches are still fantastic value and are where the action's gonna be in the next 10-20yrs. Like you...

Good points raised here kegger... In previous posts I wasn't so much saying that areas don't gentrify, certainly they do as you stated, I was more saying that the fundementals of the suburbs mentioned are more supportive to long-term growth. I quite obviously haven't done anywhere near...

Good post Steve... Good point you have about the ripple effect pushing out into the burbs. Guess I'm gonna have to open my mind a bit before I get left behind :rolleyes: R:)

Hey Sash. Sorry, I should have prob keep my trap shut as I haven't done any solid research to back up my views and I hate it when others do the same, :rolleyes:...:o Think I'm going to have to drive out there again and have a stickybeak. See if I can change my mind about the area...

I pray I'm wrong Sash....and by the sounds you've done some very solid research. Prob coming from outside SA would have some positives in that respect. Unfortunately I'm prob too biased by previous stigma and experience to look at these areas objectively. All I can remember is that these...

LOL :D....you said it kegger...spot on....

This has been on the cards for years....most ancillary industry has been preparing for this for some time. Mitsies has been giving employees "packages" for some years in preparation. Big news and sad in it's own right but not at all an announcement out of the blue... Concerning...

Have you guys visited these areas? These are some of Adelaide's rougher/est suburbs. To quote my Avatar "I feel like I'm taking crazy pills" I just can't see the growth potential...someone please prove me wrong. After our little miniboom has fizzled you're stuck in a sub-par area that no SA...

Personally I'd be looking down south in that price range. As Hobo said, O'Sullivans Beach is the go or even Christies Beach if you can... IMO the prob up north is that there isn't the coastal charm of the southern areas....furthermore if the Holden plant ends up shutting shop the long term...