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$200 is definitely under, but the amount you could get depends on the condition. How long a settlement do you have? Are you planning on doing it up or keeping it as is? $240 could probably be ok in my experience.

Don't get cold feet, that's a decent buy. 7.5% yield (depending on purchase price) and subdividable is nothing to sneeze at. How much may I ask? I've been following that. I'd buy it myself if price was ok.

Doesn't really matter, since property is in Adelaide.

That's a very unusual amount of rent for a semi. I doubt you'll be able to achieve that on your next change over.

Plenty of info in this very thread. Theres also a general Adelaide one and also a southern suburbs one too. Enjoy :)

I haven't looked at price finder yet, but based on what you describe, I like it. I paid 250k for a pair which rents for 400/w and will eventually be developed into 3 houses. So 500k for that opportunity doesn't sound too bad on paper.

If the numbers stack up they stack up, I don't really care about reputation because it's not measurable. Positive cashflow, add val via reno or develop and win. Not complex at all.

This is why you're better off calling a surveyor instead of council. Analogy is calling accountant vs ATO when you need tax advice; the latter will just point you at legislation whereas the former knows what you're actually trying to do.

Not buying at the moment as working on my construction, but still keeping a good eye on most of Adelaide. What kinda opens have you been going to?

Hey Gattuso Numbers are a lot different for community title (I've only done torrens title so numbers below reflect that) and may be slightly different in certain sections. Find the council maps or talk to council / surveyor for info on which sections. But general torrens min in the area is...

At 7.5% yield and develop-able, this deal stacks up on its own right, regardless of whether its next to yours or not. That might just provide some icing. What other areas do you currently have in? If only Eliz then definitely check out some closer in suburbs to balance portfolio or perhaps...

I'd be all over something like that if it were me. Do you mind listing the width and depth of both blocks? I too bought one next door to what I own, both are developable, but having both conveyed no benefit. This was because can only build 2 side by side houses on each, ie the additional...

If it works for you, who cares what any one else says? Prefer to stick to metro myself, plenty of good stuff around :)

That's sorta my point :) It doesn't need to be exciting to work. If it did we'd all be daytrading for the rush of seeing our money triple in minutes. Just keep moving in the right direction and destination will be reached by default.

So 162k for existing dwelling and 200k for sub + new dwelling is 362k Agents say the existing one will be worth 150k so new one has to be worth 212k, just to break even. Numbers dont stack up for this at the moment. Just collect collect collect. It's time will come I promise.

You'd get far better return by using those resources collecting more similar subdividable cashflow positive properties. There's quite a few around. Then develop them once the numbers stack up better. And I imagine they will once the land release stops.

Not necessarily a good return from it. Costs seem reasonable. So youre able to retain existing?

I doubt the yield is that much different between the 2. I also doubt $20 difference in positive cashflow into your pocket is going to make up the difference in thousands of CG. The future capital growth (from area maturity, reno, development or a mix of all 3) is what makes you wealthy...

Not really that fond of the area, it's further away than cheaper areas for not that much benefit. In saying that, there's not really that many places to build so it's a decent place to do so, but if you wanted an established place you'd look a bit closer in. Think of that when it comes to...

Free standing house every day of the week. Semi is too risky (in these areas, in inner city areas they might be ok) because you have no control over what might happen with the other side. Except of course if you're buying both sides?