Something like this
Ingle Farm 12 km from Adelaide CBD
A property like this 12 km from Perth CBD your looking at paying 100 k more for!! This one in Ingle farm asking price $240 k & it's a house!
I wonder what that Ingle Farm property would rent for?
I have no idea though if it's a nice neighbourhood or anything about that suburb whatsoever or anything about Adelaide but you would think it would have some reasonable CG in the future being just 12k from cbd and it looks good value for money with a good yield. Also the land tax issue. If I have all my properties in WA I'll be paying more land tax
What do people think of this plan ? and what about Ingle Farm?
Rent for $280-350p/w pending condition and renovation.
Ingle farm is going through some nice gentrification, alot of the older big blocks knocked down and nice new houses built.
If you have question regarding Ingle Farm, maybe start a new thread or ask in the Adelaide Investment Suburbs thread http://somersoft.com/forums/showthread.php?t=93019
Adelaide has some very good value for inner city suburbs inside 20km from city with development potentional, but its definitely heating up like most of the country for similar products.