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  1. Joeyv

    Peoples thoughts on Adelaide?

    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.
  2. Joeyv

    Peoples thoughts on Adelaide?

    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...
  3. Joeyv

    Peoples thoughts on Adelaide?

    I saw that one in that sold for $220k in Hillbank. it was sold before auction. Though I was not in the position to buy after adding it up I don't think it was that great of deal anyway. It needed over 20-30k to make it good. So by the time you do that there are other properties priced...
  4. Joeyv

    Peoples thoughts on Adelaide?

    What makes you say that? Gawler is expanding very quickly. There are several developments taking place like Gawler east, Freeling, Hewett. They will all use Gawler as the main source. Not to mention all the new stores that have been built near the race course. Surely all this will...
  5. Joeyv

    Peoples thoughts on Adelaide?

    yea true real blue chip should be Fitzroy, gilberton, walkervile etc
  6. Joeyv

    Peoples thoughts on Adelaide?

    but surely Rostrevor/Magil are blue chip areas?
  7. Joeyv

    Peoples thoughts on Adelaide?

    Id rather the freestanding house. All of the suburbs you have listed will see good CG in the next 5-10 years
  8. Joeyv

    Peoples thoughts on Adelaide?

    Seen a house like this other day in salisbury downs well it was a house + granny flat rented separately. I questioned the agent and he said it was perfectly legal?
  9. Joeyv

    Peoples thoughts on Adelaide?

    Makes perfect sense
  10. Joeyv

    Peoples thoughts on Adelaide?

    That's what I thought. 300k too expensive for ingle farm unless it's an extra big block
  11. Joeyv

    Peoples thoughts on Adelaide?

    A lot of the Ingle farm houses for sale were purchased in 2008-2009 for 220-250k Is it ok to pay 300k for them now?
  12. Joeyv

    Peoples thoughts on Adelaide?

    There is no profit in building in Dav park. It's far to feral to sell too first home buyers and then all you can do is rent it to local ferals
  13. Joeyv

    Peoples thoughts on Adelaide?

    Adelaide news always very insightful... What is every body doing in regards to their property's in Adelaide other than buy and hold? I want to do a development of some type but where? Everything worth developing is always auctioned off and after adding everything up there doesn't seem...
  14. Joeyv

    Peoples thoughts on Adelaide?

    Too expensive. It almost has road on every side of it. An it's only 592sqm..
  15. Joeyv

    Peoples thoughts on Adelaide?

    Rents are not dropping in Elizabeth and surrounding suburbs. And even if prices dont rise much the next 5 - 10 years the yields of these property's will make up for it.
  16. Joeyv

    Peoples thoughts on Adelaide?

    Unemployment has been 15-20% in Elizabeth for decades. There are generations of family's that have grown up around Elizabeth's suburbs that have never worked. They still need somewhere to live and rent
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