Peoples thoughts on Adelaide?
- Thread starter havinago
- Start date
Keep these great examples coming Brady! I'm looking to spend $350k-$400k on my first investment property in Adelaide and these properties seem to have good potential and are also within my price range!
I just joined SS but will be reading through the forum with a lot of interest
Keep these great examples coming Brady! I'm looking to spend $350k-$400k on my first investment property in Adelaide and these properties seem to have good potential and are also within my price range!
I just joined SS but will be reading through the forum with a lot of interest
Some further examples of properties I would be looking closer at in Adelaide if I was currently in the market to buy. More the $400-600k mark though.
http://www.realestate.com.au/property-house-sa-woodville+south-118575559
http://www.realestate.com.au/property-house-sa-clovelly+park-118564231
http://www.realestate.com.au/property-house-sa-richmond-118534447
http://www.realestate.com.au/property-house-sa-richmond-118534447
http://www.realestate.com.au/property-house-sa-croydon-118519355
http://www.realestate.com.au/property-house-sa-rostrevor-118516007
For the $250-400k
http://www.realestate.com.au/property-house-sa-valley+view-118513323
http://www.realestate.com.au/property-house-sa-modbury-118575199
http://www.realestate.com.au/property-house-sa-para+hills+west-118551827
http://www.realestate.com.au/property-house-sa-ingle+farm-118532355
http://www.realestate.com.au/property-house-sa-holden+hill-118511403
http://www.realestate.com.au/property-house-sa-highbury-118548195
http://www.realestate.com.au/property-house-sa-paradise-118542163
Really like the Ingle Farm property
http://www.realestate.com.au/property-house-sa-valley+view-118513323
http://www.realestate.com.au/property-house-sa-modbury-118575199
http://www.realestate.com.au/property-house-sa-para+hills+west-118551827
http://www.realestate.com.au/property-house-sa-ingle+farm-118532355
http://www.realestate.com.au/property-house-sa-holden+hill-118511403
http://www.realestate.com.au/property-house-sa-highbury-118548195
http://www.realestate.com.au/property-house-sa-paradise-118542163
Really like the Ingle Farm property
Not having a crack, but why's that Brady?
I was surprised at the listed yields in some of those areas 3.8% to 5.1%, not all looked subdivideable either if that was a factor
Are the RE.com.au Maps working for others, I couldn't see where the areas were by the maps
Guessing on Brady's behalf - future subdivide, looks to have some depreciation, very good price for that suburb. That suburb is better regarded than some others in the north side.
No, I dont think so. Thats why when some come up in the mid 2's they're worth jumping on.
Thanks DT
Going to Google Maps worked ok, just not on RE.com.au
Ingle Farm is near parafield airport,, barker inlet and north east of Adelaide
Good to know also when comparing against your local area, Perth price corridors all look to be near the water
Yea most of Perth is really a function of how far you are from the beach, river or train lines.
I lived in Adelaide for a few years and go back over every now and then. Looked around most suburbs, theres usually equivalent ones to Perth, so am happy to give my input where i can.
Looking to move back there in 2015.
Ingle Farm is becoming a lot more popular, previously could pick up properties real easy in the $2xx but now people are pushing to the $300k I think this will happen more and more over the next 2-5 years.
You will see a lot more development in the area as the suburbs closer to the city complete their infill. Ingle Farm ticks a lot of boxes. Great value for money suburb, buying with development potential is the key
Hi guys, just wondering what are your thoughts on the affordable homes housing program? Anyone bought one before? What are the things to look out for/take note?
I had a look at the list of available properties and some caught my attention. E.g, Terraces in Lightsview and Apartments in Marden. However, these are off the plan and will only be ready end 2015. Priced slightly over $300K.
I had a look at the list of available properties and some caught my attention. E.g, Terraces in Lightsview and Apartments in Marden. However, these are off the plan and will only be ready end 2015. Priced slightly over $300K.
I think they're excellent Bentley. Do you qualify for the program? There's an eligibility list on their website.
If I qualified, I'd buy the most run down one they have and fix it up. Double whammy of both undermarket and reno equity gain. This will be a great springboard with which to launch your IP portfolio from.
If I qualified, I'd buy the most run down one they have and fix it up. Double whammy of both undermarket and reno equity gain. This will be a great springboard with which to launch your IP portfolio from.
Thanks DT. I agree they are an excellent springboard to launch an IP portfolio from.
Yeah I had a look at the eligibility;
To be eligible, everyone who will be listed on the certificate of title must be able to answer 'yes' to the following questions:
I don't currently own a property.
I plan to live in my own home.
I am a South Australian resident.
My income is within the allowed limits - less than $75,000 (singles) or $95,000 (couples or families with up to three children), more for larger families.
My assets are valued under the allowed limits - $332,000 (singles) or $412,500 (couples), higher for people aged over 55.
Just wondering how strict are they with the income criteria? At the moment, its just a shade over $95K (gross income) for my partner and I. But if we take taxable income we are below that threshold.
Did you sell your PPOR? If I remember correctly you made a post elsewhere stating you have a 1.1mil freehold PPOR and were looking to purchase an IP in Syd for ~2mil. You'll have to be careful not to go over the max assets test.
Thanks for these suggestions Brady! I've had a look at them all. Feel free to send me a PM when you find more recent properties like these as I'm in the market to buy at the moment as we speak
Thanks for these suggestions Brady! I've had a look at them all. Feel free to send me a PM when you find more recent properties like these as I'm in the market to buy at the moment as we speak
Here mate - www.realestate.com.au
Absolutely excellent program, wish I qualified. I speak with so many friends who do and are looking but they dont listen. They go build brand new properties out middle of no where or max out on a purchase and going to be stuck paying it off over next 30 years.
These things can be a awesome kickstart into property investing, really start a good base with an instand hit of equity. They're usually pretty standard properties that you're already buying BMV, small reno over the time you're living there and as D.T says double hit on the equity growth.
Buy in the right area peferct from tenants and on your way.
