It's out to tender now. It's already happening. The super way is finished, the southern expressway duplication is done and torrens to torrens is out to tender now and will start next year.
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I would lean towards inner-city north-eastern suburbs such as hectorville, tranmere etc if you can spot a bargain. In my experience these houses don't tend to attract the nasty type of tenants that have been described in this thread in the far south/north of Adelaide, and there is huge development/subdivision/hammerhead potential to make big money.http://www.realestate.com.au/proper...=ebrochure.highlight-to-property-details-page
Price Guide $410,000
Bets on sale price?
689sqm in Hectorville
I would lean towards inner-city north-eastern suburbs such as hectorville, tranmere etc if you can spot a bargain. In my experience these houses don't tend to attract the nasty type of tenants that have been described in this thread in the far south/north of Adelaide, and there is huge development/subdivision/hammerhead potential to make big money.
Danae Leslie
Property Manager
www.steadfastproperty.com.au
They don't seem to attract the 8-10% yields you can make in the outer areas either unfortunately!
Something about cake and eating it too?
Depends on what you have to spend?
$400-500k croydon, prospect, broadview, manningham.
$300-400k I would look north eastern corridoor (gilles plains, holden hill, cleaview, hillcrest, windsor gardens, greenacres, paradise, highbury) at anything with development potential. Whole area is seeing big infill, old ugly houses are getting knocked down and new nice houses coming in. Pushing out old tenants out and new families coming in, with higher rent and higher values.
$200-300k would look suburbs little bit further out. modbury, ingle farm, para hills
$150-250k would look further out again. elizabeth, salisbury for north and south around the christies area.
Highbury has a lot of curvy little streets, some on hills, in and around the River Torrens with some very nice houses that would lift the median value of the suburb I suspect.Curious tho, Holden Hill, Ingle Farm is close to Highbury ( median 455K) , median price difference is quite big.
AmCurious tho, Holden Hill, Ingle Farm is close to Highbury ( median 455K) , median price difference is quite big.
http://petewargent.blogspot.com.au/2014/09/population-growth-explodes-in-nsw-slows.htmlProperty markets do not operate in a vacuum and cheap house prices do not in themselves assure growth in real terms over the long term unless the economy is creating jobs growth, population growth and real wages growth.
The demographic statistics today continued to show how South Australia has long been suffering from a debilitating "brain drain" and statistically significant net interstate migration. and thus the state has been heavily reliant upon immigrants to keep the population growth figure positive.
Nothing wrong with that per se, one might argue, but people will only continue to come if there are jobs for them to come for, and the labour market has been stagnant for some years now in South Australia.
Hi, hobo-jo:
I notice that you have very contrary views comparing to many others. I am an extreme contrary person too. I get into the market at least 2 years earlier than See-Change.
However, I have got lost about your successful story/strategy in your investment. It would be nice if you can share how much net gain have been made by selling in the high and buy in the low. Just some examples.
Also, when are you going to be back to the market in Adelaide? Two years later?
What are people's thoughts on Oaklands Park?
If you were to purchase in Oaklands Park, it'd probably be more for a CG play rather than yield or cash flow.