State budget will be announced later today and it might give a glimpse of how property markets will perform here in the next 12-18 month. Things are definitely not looking good in SA.
Exhibit A of why having Labor in too long is a bad thing.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
State budget will be announced later today and it might give a glimpse of how property markets will perform here in the next 12-18 month. Things are definitely not looking good in SA.
At this stage, I am more into anything that can be positively geared (i.e. below $350K with rent of around $340, $350) and has the potential of CG. I am looking at some of the two bedder units in blue chip areas, but with a history price check on them finding that they basically only grew 1% every year since 2008, is kinda discouraging... Was thinking if I should look at interstate like Melbourne SE where there are still heaps of units at that price but with much higher CG potentials.
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)
At this stage, I am more into anything that can be positively geared (i.e. below $350K with rent of around $340, $350) and has the potential of CG. I am looking at some of the two bedder units in blue chip areas, but with a history price check on them finding that they basically only grew 1% every year since 2008, is kinda discouraging... Was thinking if I should look at interstate like Melbourne SE where there are still heaps of units at that price but with much higher CG potentials.
350 rent at 350k is positive gear? Even if you consider brand new property, it should be neutral at best.
Ryder also likes the southern suburbs with the new motorway.
Interesting to see if the scrapping of the FHOG for established homes will cause a slow down in the greater Adelaide region or a reduction in the prices.
7 out of the last 10 properties that I have sold, have been to first home buyers. I do work in an area that does attract many first home buyers, however they do add the fuel to the market which follows through to other regions.
I think there will be a redirection of even more FHBers to new builds as it's the only viable choice for deposit limited buyers, which will pump up land prices even more and in turn, development blocks. Mid-ring and outer ring H&L's will no doubt show strong resilience, much like during the previous large boosts provided to new builds