I use Robert O'toole - from real property matters
Ph. 1300 776 669
http://www.realpropertymatters.com.au/
adelaide update
- Thread starter dreaming
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I use Robert O'toole - from real property matters
Ph. 1300 776 669
http://www.realpropertymatters.com.au/
hi there
yes good views of the ocean from both levels
the google map showed what i thought was a beach, not very big and in shape of cresent (maybe a cove even)
not to worry the water views is the main thing
what do you think of this area
hi timelord
i think if you have ocean views you will do very well there
there is some really good looking coastline there , but just no swimming beach , it is all cliffs
The house is in a good condition. Obviously needs a bit of tidying up. No structural problems that i could see.
New Areas
Met a senior person in Defence. There is an acquisition of 450 allotments by LMC in the areas of Evanston, Andrews farm and Gawler. Probably new areas to dig gold.
cheers
Met a senior person in Defence. There is an acquisition of 450 allotments by LMC in the areas of Evanston, Andrews farm and Gawler. Probably new areas to dig gold.
cheers
RP Data press release
According to RP Data National Research Director Tim Lawless, across Australia houses have appreciated by 11.90 per cent on average over the twelve months to December 2007, while units appreciated by an average of 16.87 per cent over the same period. The average Australian property owner has gained just over $50,000 in capital appreciation during 2007.
Adelaide continued to be the strongest performing city where over the year ending December 2007, house values increased by 26.09 per cent and unit values increased by 32.58 per cent. In dollar values this represents an average gain of $82,000 for Adelaide property owners. Despite this exceptional level of growth, Adelaide houses still have the least expensive price tag of any capital city with the median value now at $406,270.
Cheers
According to RP Data National Research Director Tim Lawless, across Australia houses have appreciated by 11.90 per cent on average over the twelve months to December 2007, while units appreciated by an average of 16.87 per cent over the same period. The average Australian property owner has gained just over $50,000 in capital appreciation during 2007.
Adelaide continued to be the strongest performing city where over the year ending December 2007, house values increased by 26.09 per cent and unit values increased by 32.58 per cent. In dollar values this represents an average gain of $82,000 for Adelaide property owners. Despite this exceptional level of growth, Adelaide houses still have the least expensive price tag of any capital city with the median value now at $406,270.
Cheers
Christies Beach house OFI
A quick update : the house i was looking at in CB was opened for inspection on Sunday and was advertised for a lower price bracket. Two weeks back it was advertised for 280-300K and now for 275-290K
.
The RE agent has not accepted my offer yet. Though I have given an offer for 270K.
A quick update : the house i was looking at in CB was opened for inspection on Sunday and was advertised for a lower price bracket. Two weeks back it was advertised for 280-300K and now for 275-290K
.The RE agent has not accepted my offer yet. Though I have given an offer for 270K.
Hi firstmillion
did you include a sunset clause in your offer?
did you include a sunset clause in your offer?
Murray Bridge
What does everyone think about Murray Bridge for investment? My husband and i can only afford around 150K for our first IP purchase so are limited to where we can invest. We have been researching Mount Gambier, Whyalla and Murray Bridge due to this reason. We thought Murray Bridge may be the way to go because of it's proximity to Adelaide for commuters etc.
What do you think about this area? Any thoughts on where it is at in the property cycle?
Thanks,
Happy
What does everyone think about Murray Bridge for investment? My husband and i can only afford around 150K for our first IP purchase so are limited to where we can invest. We have been researching Mount Gambier, Whyalla and Murray Bridge due to this reason. We thought Murray Bridge may be the way to go because of it's proximity to Adelaide for commuters etc.
What do you think about this area? Any thoughts on where it is at in the property cycle?
Thanks,
Happy
Hi FM,
Is that place your looking at the one on Gulf View rd, that one would give you extra serviceablity with the granny flat, but I presume your plan will be to develop the site. Did you have a look at the one in Saltash? If I was buying I would look south of Beach Rd, they seem to sell a bit quicker, and for a slightly higher price.
In the long term it probably won't really matter, they have had their first $1m sale on the Esplanade 2 weeks ago and I suspect there are a few more to follow. It won't be long until those prices start to filter back, but I would say the closer to the water the better.
I've got a place on Taunton Pde that I've just had the existing house demolished and am just waiting for the builder to start building me 3 townhouses, so the higher real estate at Christies goes the happier I'll be (well until I'm looking to buy again)
Tom
Is that place your looking at the one on Gulf View rd, that one would give you extra serviceablity with the granny flat, but I presume your plan will be to develop the site. Did you have a look at the one in Saltash? If I was buying I would look south of Beach Rd, they seem to sell a bit quicker, and for a slightly higher price.
In the long term it probably won't really matter, they have had their first $1m sale on the Esplanade 2 weeks ago and I suspect there are a few more to follow. It won't be long until those prices start to filter back, but I would say the closer to the water the better.
I've got a place on Taunton Pde that I've just had the existing house demolished and am just waiting for the builder to start building me 3 townhouses, so the higher real estate at Christies goes the happier I'll be (well until I'm looking to buy again)
Tom
Hi Steve, I did chek with the council and here is the message from them verbatim - 'The basic requirement in the Residential Zone with a connection to the Mains Sewer is 300 sqm per allotment with a minimum frontage of 8m for each newly created allotment.'
I guess 18 mtrs should be good enough to sub-divide.
I hv sent you a PM.
An agent told me that there were around 150 applications for 30 beach apartments
Cheers
Heads up to those who want to buy land in Adelaide this year.
You have Northgate - 11km North East from CBD which should be coming online soon (although for some reason the work on the display homes seems to have stalled - anyone got any ideas?).
Also, announced yesterday by AV Jennings & Urban Construct - they have purchased the former Sheridan factory site at Cheltenham, 8km North West of CBD. They're looking to start selling blocks by September this year. See ann. below. Rough calculations look like an average price of $260k a block for this one: $65M / 260 lots.
You have Northgate - 11km North East from CBD which should be coming online soon (although for some reason the work on the display homes seems to have stalled - anyone got any ideas?).
Also, announced yesterday by AV Jennings & Urban Construct - they have purchased the former Sheridan factory site at Cheltenham, 8km North West of CBD. They're looking to start selling blocks by September this year. See ann. below. Rough calculations look like an average price of $260k a block for this one: $65M / 260 lots.
Was speaking to AVJ the other day about Northgate. They were to have moved into their new display homes already but it has been pushed back by about 3 weeks. Not sure if it caused the hold up but there was some changes made to the intended lot sizes. Talk is that it will be 20 blocks per month starting at about $255k. The blocks will be smaller than the already developed stage at Northgate but that's not surprising with what has happened to land value in Adelaide over the last 12 months.
Site works are well underway and they expect sales to start early in the second half of this year.
I personally don't think there will be a shortage of buyers going by the existing house prices there.
Gools
Site works are well underway and they expect sales to start early in the second half of this year.
I personally don't think there will be a shortage of buyers going by the existing house prices there.
Gools
Brilliant Gools, thanks for the update!
I'd heard the same about the lot sizes being smaller. Looking forward to seeing the prices and sizes. The display homes seem to be smaller by the looks of them, and bit closer together as well.
I drive past every morning and see the site works going ahead, but the homes themselves seem to have stalled at the stage of interior walls up, but windows and doors etc. not in yet.
I'd heard the same about the lot sizes being smaller. Looking forward to seeing the prices and sizes. The display homes seem to be smaller by the looks of them, and bit closer together as well.
I drive past every morning and see the site works going ahead, but the homes themselves seem to have stalled at the stage of interior walls up, but windows and doors etc. not in yet.
