adelaide

Hi, it's not been fantastic for real estate in the last 24 months in Adelaide. Properties take much longer to sell and some don't sell.

On the other hand, rent has crept up steadily. I'm getting better tenants @ higher rent.

House prices haven't gone down much though.

The one I was following which I would buy for 750K sold at auction for 1.01M so I'm 30% off. Obviously, other people also saw the potential in that property.

No chance to pick up any bargains.

KY
 
Finding the same thing at the mo here. Rents are good, any prop I go and see the agents are really keen to sell. Big discounts to be had if the vendors will take low offers. Still not too keen to take on more dept right now though.

Could be a good chance to get as close to pos cash flow as your gonna get though?
 
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