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  1. eKwatee

    Peoples thoughts on Adelaide?

    Yes. It frustrates the hell out of me. With no headings displayed, you have to click into the listing. Wastes so much time.
  2. eKwatee

    Peoples thoughts on Adelaide?

    Yes, there is definitely an under supply for houses in the North East of Adelaide at the moment. Units and apartments are taking a little longer to sell with less demand than houses. Just doing a basic search on re.com.au within individual suburbs, then doing the same search excluding those...
  3. eKwatee

    Peoples thoughts on Adelaide?

    With the fear of quoting myself and also quoting an article produced by 'The Advertiser' as 'The Advertisers' truth is often blurry, however the article did contain an interesting quote from 'The Wine Industry' from 'The Advertiser' full article here
  4. eKwatee

    Peoples thoughts on Adelaide?

    The older section of Pooraka still seems to be really good buying at the moment, I feel it's under valued in comparison to the surrounding suburbs. However I feel Montague Farm Estate is already performing really well and seen good growth, but I guess it depends what year you bought in to it.
  5. eKwatee

    Peoples thoughts on Adelaide?

    I know of at least two employers that want to, and are in the process of employing a young person, there's more incentive. As an example, I know an electrician that will now only employ younger apprentices because the government has changed the apprentice wage policy. It now costs him allot...
  6. eKwatee

    Peoples thoughts on Adelaide?

    I understand statistics etc. and why they are important. However I believe a large percentage of Adelaide's unemployed don't want to work. I also feel that because suburban Adelaide is an affordable place to live, you can live quite comfortably on unemployment benefits, especially if you are...
  7. eKwatee

    Peoples thoughts on Adelaide?

    First off, it's not easy, it's hard work finding the deals, just like the hard work you put in researching the markets etc. I'm maxed out on my lending or believe me, I would have bought all of them myself, I'd be well along the road to retirement if I'd bought all the deals I've found for...
  8. eKwatee

    Peoples thoughts on Adelaide?

    I only ever buy for myself (never sell), however I've been involved in at least 11 deals, that have been both purchased and sold within suburban Adelaide in a 12 month period for a net profit by way of sub-division, reno or development and that's a clear net profit. Instead of spending all my...
  9. eKwatee

    Peoples thoughts on Adelaide?

    My point was why would you rule out investing in a market based on statistics and others opinion, if there's good income or capital gaining deals out there, why wouldn't you buy into them.
  10. eKwatee

    Peoples thoughts on Adelaide?

    Really...I've had so many clients clean up in the last 5 years, when does your research actually make you money. I know not everyone's in it for the money, some like it is a hobby, some like it as a tax right off and then there's those that like to research. One of my clients has made over 20%...
  11. eKwatee

    Peoples thoughts on Adelaide?

    Can I ask Hobo, with all your analytic statistics, why hasn't the stats shown when to get in and out of this market. One thing I've learnt is you don't never make any money watching the market. You may not lose money, but you'll never make any unless you at least play the game.
  12. eKwatee

    Peoples thoughts on Adelaide?

    If the post subdivision sale of each allotment of around $195,500. The initial purchase would have to be around $260,000 - $265,000 to make it worthwhile.
  13. eKwatee

    Peoples thoughts on Adelaide?

    There's also the $15,000 for first home owners who construct a new home up to $400,000, sliding scale to $450,000. Also the $8,500 for senior buyers over 60 whether or not they have owned a home before or not up to the $450,000. This makes a really strong buyers market around the high...
  14. eKwatee

    Peoples thoughts on Adelaide?

    You're right, there out there. Found 2 for a my small scale developer that I work with, just in the last 4 months. Both easy 1 into 2's, knock down the house, then resell the land as soon as the council have approved, then wait for the titles to come in. Both small developments will net...
  15. eKwatee

    Peoples thoughts on Adelaide?

    Previously sold for $350,000 in March 09 and currently RP Data's Estimate Auto Val puts it at $410,000.
  16. eKwatee

    Peoples thoughts on Adelaide?

    I agree, however this will significantly reduce the amount of buyers in the entry level established market, which follows through to less activity in the middle market. The developer who is now selling more of their stock to the first home buyers, their not going to go and buy the middle market...
  17. eKwatee

    Peoples thoughts on Adelaide?

    Interesting to see if the scrapping of the FHOG for established homes will cause a slow down in the greater Adelaide region or a reduction in the prices. 7 out of the last 10 properties that I have sold, have been to first home buyers. I do work in an area that does attract many first home...
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