Peoples thoughts on Adelaide?

Discussion in 'Where to Buy' started by havinago, 17th Jun, 2014.

  1. havinago

    havinago Member

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    Done a little research on Adelaide.

    What are peoples thoughts on this city for potential investment area.
     
  2. D.T.

    D.T. Property Lookerafterer

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    What part of adelaide do you mean? Different parts are at different stages (just like every other city)
     
  3. jim1964

    jim1964 Part Time Sheep Farmer

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    I like Adelaide
     
  4. WattleIdo

    WattleIdo Member

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    So how's inner Adelaide going - i.e.cbd? Is it very noisy near the airport? The cbd looks beautifully laid out. Where is cool and where is the area with potential?

    Are the Northern suburbs still the best bet for positive cash flow?

    What other areas look promising?
     
    Last edited: 17th Jun, 2014
  5. sammmeee

    sammmeee Bring it!

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    I was looking in Adelaide mid 2011. I went local (perth) instead. Im glad I did, the same areas I was looking at then have only gone up 3-5% whereas here has gone WAAAAY better...

    Sorry that didnt help much, just keep in mind its a different market compared to syd, melb, bris and perth
     
  6. nhg

    nhg Member

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    Doing my research now. Flying down there to check it out.

    Totally different market. If I did what would be the most logical in Sydney down there, I'd loose money.

    Really need to spend time getting to know not only the area, but understand what the locals want.
     
  7. bez23

    bez23 Member

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    Different city is in different part of the cycle. 2 years ago Adelaide was at 6 o'clock whereas perth would've been at about 9. Adelaide is always behind the main cities when it comes to the growth cycle. As a result things are usually less volatile here.

    What I can gather is more and more investors coming into Adelaide mainly because of affordability and for metro cashflow neutral/positive properties.
     
  8. D.T.

    D.T. Property Lookerafterer

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    Yep, different cities run on different time lines.

    One of the places I bought in Adelaide ($250K) was for cheaper than the vendor paid for it in 2011 ($262K). Always buy where ever you can find growth. Like you, I would have rathered buying in Perth in 2011 too (but I was a bit late to the party and bought in 2012 and still did ok).
     
  9. LoneWolf

    LoneWolf Winter is coming....

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    My personal opinion, low entry price, CF is good, but if you are after CG, look elsewhere
    My 2 cents only (be gentle with me Brady and CJay)
     
  10. Brady

    Brady Big 4 Banker

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    Haha I'm happy for you to tell everyone else to look elsewhere :)

    Client of mine just bought a property after looking for 12months, was 50 people through the property in 2 days they were successful with offer $10k above asking price.

    The area's that I believe have good potential anything that is priced reasonably well moves in weeks if not days. (happy to provide examples if people are interested)
     
  11. D.T.

    D.T. Property Lookerafterer

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    Agree with this to a certain extent. Plenty of opportunity to manufacture CG via reno / development though. Whats the saying about water always flowing to the lowest point? There's no way in hell any state capital metro area property can sustain price under 300k.
     
  12. LoneWolf

    LoneWolf Winter is coming....

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    Yes DT I agree, manufacturing CG is workable, but isn't it like that anywhere else?

    PS: manufacturing CG is not for all amateur investors, be warned
     
  13. starter

    starter Member

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    Yes please to examples.
     
  14. Brady

    Brady Big 4 Banker

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    Yes but with $300k PP in metro <20km from CBD it's workable for a whole lot more people :)

    Agree not for everyone but alot will have the benefits of the CG by others around developing, just by having that right block size :)
     
  15. Corey Batt

    Corey Batt Finance Broker

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    Everyone's entitled to their opinion. :)

    I'd agree that for set and forget, Adelaide will most likely keep chugging along at a nice sustained pace, which suits many people, but maybe not those looking for a quick 6-12 month gain.

    To the OP:

    As always, there's a huge body of information on this forum re; Adelaide, particularly the outer north and cash flow deals. The mid and inner ring of suburbs does also present a lot of development opportunities, but it's essential to get info on the ground.
     
  16. jim1964

    jim1964 Part Time Sheep Farmer

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  17. Brady

    Brady Big 4 Banker

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    Just about all of these haven't settled yet, but take not of the days before sold/offer accepted.


    All of these properties (except the first) are ~600sqm plus <$450k (most circa $350k) with development potential.



    9 Monticle Street Highbury SA 5089 - Price not disclosed. Sold within 10days
    http://www.realestate.com.au/property-house-sa-highbury-117107291


    7 Harold Street Highbury SA 5089 - Price not disclosed. Sold within 3days
    http://www.realestate.com.au/property-house-sa-highbury-117094595


    6 Michigan Drive Highbury SA 5089 - Price not disclosed. Sold within 7days
    http://www.realestate.com.au/property-house-sa-highbury-117025819


    3 Faehse Street Modbury SA 5092 - Price not disclosed. Sold at first open (3days)
    http://www.realestate.com.au/property-house-sa-modbury-117042631


    4 Lavinia Grove Highbury SA 5089 - Price not disclosed. 9 days
    http://www.realestate.com.au/property-house-sa-highbury-117050196


    27 Bridget Street Athelstone SA 5076 - Price not disclosed. 1st open
    http://www.realestate.com.au/property-house-sa-athelstone-117019583


    19 MacMahon Avenue St Agnes SA 5097 - Price no disclosed. 7days
    http://www.realestate.com.au/property-house-sa-st+agnes-116959063


    19 Armona Avenue Para Vista SA 5093 - $362,000 sold prior to Auction. 8 days
    http://www.realestate.com.au/property-house-sa-para+vista-116841319
     
  18. Brady

    Brady Big 4 Banker

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  19. havinago

    havinago Member

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    We have up to $550k to spend.
    We like to bank on the idea of $100 pw rent for every $100k spend.
    We'd buy in city or close to it if required but kind of wonder where Adelaide is heading in way of CG for future, we're not looking for short term gains, we looking to sit on it for 10 years(hopefully), surely something has to happen in that city in 10 years or is it stagnant?
     
  20. LoneWolf

    LoneWolf Winter is coming....

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    Mate, in 10 years, almost anywhere would have gone up

    550k you probably can fetch 2 or 3 in adelaide, :D