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  1. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Makes me feel quite a lot better to know I'm not the only one that has ballsed things up. There is lots to learn from other peoples mistakes. So if this pair was left on the original 900m square (ish) lot would it still achieve about $250,000 today? Good thing one side was bougt in 1995...
  2. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    yeah- is this just a case of someone not knowing what they are doing (just like me) and losing money in an epic way, or is there genuinely something I am missing?
  3. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Why in the world anyone would bother doing a hammer head subdivision in Elizabeth Downs? - spend about $30,000 to do a subdivision/ new fencing/ clearing block - devalue each front property about $20,000 (ish?) So it cost $70,000 to do and the block is advertised for $70,000 There is...
  4. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Capital Gain prospects for the Elizabeth areas So here is a question for you guys/girls that are investing around the Elizabeth, Nth, Sth, Downs etc, what are your projections for future capital growth? Do you think there will be any at all 10 years from now? I came across this Mortgagee In...
  5. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    pair of semi's on 1217m sq corner block http://www.realestate.com.au/property-house-sa-elizabeth+east-113254291 http://www.realestate.com.au/property-house-sa-elizabeth+east-113254287
  6. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    hot lead for a low cost auction first time I've ever seen a sale ordered by the magistrates court: http://www.domain.com.au/Property/For-Sale/House/SA/Elizabeth-North/?adid=2010176308
  7. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Cheers for the hot lead, clearly I've got LOTS more researching to do till i'll be able to pick good value.
  8. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Thanks for your comments CJay, I haven't been watching the Elizabeth market for long so it's good to learn those types of smaller subdivisions haven't been moving much. This is another property for comparison sake, 900m sq 4 bedroom free standing on a corner block...
  9. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    That particuar block is in the 'regeneration zone' it seems like there is no set minimum size for the zone stated in the Playford Development plan, not that I can find anyway... I have found for sale in a Elizabeth Park new development blocks as small as 225m sq. I am still very much in the...
  10. Erica

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    subdividing a maisonette, good idea or not? What are peoples thoughts on cutting off the back yard on something like this http://www.realestate.com.au/property-house-sa-elizabeth+grove-112160851 Lets say I bought the property and had it tennanted for $200pw and over 12 months got a...
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