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Yeah i'd like to know where. Just had 2 properties valued last week. One at elizabeth grew by $2,000 (bought 18 months ago) and other property bought 4 years ago has gone down in value... sigh... cant buy any more properties for a while
Hey, it was elizabeth north. freestanding 800+sqm - $170k, can i ask what yours was valued at?
It is solid brick. My broker said they were basing the price on what I bought it for (whatever that means) but valuer supposedly did go out to see property. At least they valued it $10k more than the CBA mywealth valuation. At least the property is supporting itself (repayments, rates repairs etc).
Hey, it was elizabeth north. freestanding 800+sqm - $170k, can i ask what yours was valued at?
I had a clients 850sqm freestanding in Elizabeth North come back at 185k a month ago. Is yours fibro?
Adelaide
Median house price: $420,000; 3.1% increase in last 12 months. Median unit price: $345,000; 0.7% increase in last 12 months.
Vacancy Rate: 1.6%
Adelaide?s housing market has essentially remained flat (in fact fallen behind after taking inflation into account), in line with its underperforming economy and high unemployment rate. Demand for property remains subdued with activity driven more by necessity than desire to upgrade or invest.
http://propertyupdate.com.au/mid-year-state-state-property-market-roundup/
Yeah i'd like to know where. Just had 2 properties valued last week. One at elizabeth grew by $2,000 (bought 18 months ago) and other property bought 4 years ago has gone down in value... sigh... cant buy any more properties for a while
You see, this is the exact reason I did not end up purchasing in this area.
I had been trying to put this point across, but I am always getting challenged
https://au.news.yahoo.com/sa/a/24576659/sa-govt-approves-million-dollar-copper-mine/?cmp=fb
Wondering what peoples thoughts are on the effect this may have on adelaide property? (Turned down a bargain at Pine Point last yr )
Is it too far from adelaide itself to really matter?
Very interestig Cjay.. I was looking at hackham west around November last year, there seems to be a bit of development/ gentrification between the city and southern suburbs. Or is that just pipe dream stuff
From the anecdotal evidence of the business, I find 80% of my clients SA purchases are northern than South for sub 300k properties. The yields aren't as strong down south, however there are some great deals which do periodically get snapped up - primarily being seen around Huntfield Heights, Hackham etc.
I've been looking for the odd deal down there personally, but haven't found anything to compare to the deals which come up north - especially in the reno section of the market. I'd say this is partly due to the competition down south, as there is more activity in the owner occupier market so it's priced accordingly.