Buying in Adelaide

[noodles]

I've only ever heard good things about Adelaide. What are some reasons for you to buy there?

 

[Corey Batt]

I'd actually say there's been some very balanced debate on Adelaide. The positives are quite obvious:

• a much lower median price
• Capital City
• Large number of CF+ properties
• large swathes of Adelaide increasing zoning to higher density
• Very tight vacancy rates
• Counted as a 'regional centre' so new immigrants can settle here

Some common counter-arguments I see are:

• Slower rate of population growth compared to some other States
• Previous history of brain drain
• Closure of industrial plants
• Relatively high stamp duty costs compared to some States

As always I'm a firm believer in the largest profits being made in transitions - it's hard to drive a car only looking in the rear view mirror.

What draws you to Adelaide?

 

[noodles]

Thanks Cory, I'm just a noob, trying to listen and learn. But I always hear favourable things about Adelaide from the more seasoned investors.

 

[S1mon]

i recently got 2 down south....i like the cheaper entry price, proximity to the beach, yield (got 6.5% on both, rented after 1st open), generous development rules (imo), expansion of local mall to include aldi and masters..maybe thats more suburb specific factors but..wont shoot the lights out but solid imo

 

[D.T.]

Good going S1mon