Elizabeth Downs -Hot lead for low cost Mortgagee Sale
- Thread starter Stangman
- Start date
http://www.realestate.com.au/property-house-sa-elizabeth+grove-118765195
http://www.realestate.com.au/property-house-sa-elizabeth+grove-118691571
Here is another pair, not in elizabeth downs but just across main north in 'the grove'
http://www.realestate.com.au/property-house-sa-elizabeth+grove-118691571
Here is another pair, not in elizabeth downs but just across main north in 'the grove'
Ran out of equity til next round of revals so keeping an eye for friends/colleagues who are looking, but not too seriously for myself.
Got a dev in progress anyways.
anybody know the price?
I don't know anything about Adelaide. I live in sydney. I just don't feel comfortable with buying interstate but seems to have better yield upside sydney.
I had a look around these a couple of weeks ago. As you may be aware they went to auction, but got passed in. They are actually owned by seperate vendors, but both are open to selling them together through the REA.
The tree in the back yard of #48 is quite big (probably significant). Speaking to the REA sounds like the vendors may be open to offers 250+.
I emailed the REA, I'll let you know when/if he responds.
Do you know at what price?
Definitely better yield without a doubt. If you see all the sydney hysteria threads you'll know that CG is almost finished there so looking interstate will be best option going forward.
$250k for the pair at 1100sqm in that suburb, as long as no easements is a great price!
It could be, but it sounds like they need a bit of work, especially bathrooms and kitchens.
Which is no doubt factored into the price. Should these be returned to good condition, you could expect a circa 300k - not too bad a result if you can keep the costs to a minimum.
Oh, I'm definitely agreeing with you, I just meant that it's not a buy and forget kind of place.
Already seeing price moves
And theres more jobs being created than cut. They aren't interesting enough for the nightly news though.
There's already been significant increases in quite a few areas - a lot of valuations are coming in 5-10% up over the last 12 months.
Adelaide is certainly going through a transition, and it will need to revolutionise it's economy from it's OLD industrial roots. Everyone is aware of this, and when you see a State Labor government consulting with the business community into ways to help push the economy and jobs forward - you know you've seen it all.
Such as????????? You seem to be in the know.
I know there has been quite a few more jobs created in the Edinburgh district. Defence personnel won't live in the Elizabeth areas themselves, but they are abundant in Munno para west, Andrews farm, Blakeview, Blakes crossing and Craigmore. This has caused a lot of development within the Playford council region.
Edinburgh Parks has also had a few industrial sites developed creating a few jobs, and the RAAF base has an abundant amount of trades and support staff (all civilian) supporting the ongoing maintenance of the base. With the arrival of the new P8 aircraft replacing the old P3 orion occuring mid 2016 construction of new hangars, flightline and upgrading of runways and taxiways will begin soon, this will create jobs in the near future although only temporary.
If only main north rd actually resembled some sort of highway instead of having traffic lights every 500m then it would be easier to get into town!
Edinburgh Parks has also had a few industrial sites developed creating a few jobs, and the RAAF base has an abundant amount of trades and support staff (all civilian) supporting the ongoing maintenance of the base. With the arrival of the new P8 aircraft replacing the old P3 orion occuring mid 2016 construction of new hangars, flightline and upgrading of runways and taxiways will begin soon, this will create jobs in the near future although only temporary.
If only main north rd actually resembled some sort of highway instead of having traffic lights every 500m then it would be easier to get into town!
Which is why you take the northern expressway and south road
I'd say less once people realise sydney is overvalued for an investor market
