Peoples thoughts on Adelaide?
- Thread starter havinago
- Start date
Agreed. Great place to live and raise kids IMO.
I live in this area, and I did notice these couple years I could see a lot more asian faces while strolling along Burnside Village, which I am very happy of.
I wish they could build more high rise here, it's a good place to put high density.
Nah, that would trash Burnside characters ... I've seen enough high rises in Sydney and I know it doesn't do character of suburb any good.
Plus the SA Gov are planning to build all the new development etc at Glenside anyway sometime in the future. I would seriously have a look into it if the number stacks up.
I'd probably snap lots of apartments if the Cohen family decided to build up for residential lol. I wish they expand further, with cinemas, gym, etc. One of the best managed shopping malls in Australia.
Bathurst and albert park are not full time tracks, philip island is only a single use facility also. So yes tailem bend facility will be up as one of the best.
But anyway back to property
Woodforde
Guys, What are your thoughts on this upcoming development in the Eastern Suburbs?
http://www.news.com.au/finance/real...ite-at-woodforde/story-fndba8zb-1227327372871
Website is up;
http://woodforde.com.au/
Guys, What are your thoughts on this upcoming development in the Eastern Suburbs?
http://www.news.com.au/finance/real...ite-at-woodforde/story-fndba8zb-1227327372871
Website is up;
http://woodforde.com.au/
Sounds astute
Yep. One day I might even get some rent from it
http://www.adelaidenow.com.au/news/...efully-redundant/story-fni6uo1m-1227361905401
UP to 90 Holden workers have been let go in what was the manufacturer?s first forced redundancies, after the company failed to attract enough volunteers to fill 270 redundancies this month.
Ten staff ? including engineers, supervisors and office staff ? have reportedly already been told to go and it is expected as many as 80 more will be informed of their fate on Thursday.
This comes as the company announced scaling back production at its Elizabeth plant from 290 cars a day to 240, starting Monday.
Axed employees were allocated $2000 each to help with training and to assist them in their search for a new job.
Holden spokesman Sean Poppitt was unable to confirm numbers, but said in a statement the company was ?committed to supporting staff through this transition process?.
?As we go through this difficult process our priority is to make sure our employees are informed first and foremost,? he said.
?All our people have access to career counselling, training and job-search assistance, and will continue to have access to this after they leave Holden.?
Holden will continue its work at Elizabeth plant until the end of 2017.
An Australian Manufacturing Workers? Union spokeswoman was unable to confirm the number of redundancies, but also did say they had occurred.
Ouch! This is not such a good news. Could keep Adelaide house prices depressed (or rise very slowly) if unemployment rate keeps going up.
http://www.perthnow.com.au/news/sou...its-14-year-high/story-fni6uo1m-1227392815028
http://www.adelaidenow.com.au/news/...ent-crisis-in-sa/story-fni6uok5-1227393840265
http://www.adelaidenow.com.au/news/...-growth-and-jobs/story-fni6unxq-1227393670978
Really is a shame as a lot of talent will leave Adelaide to say Sydney and Melbourne for greener pastures.
http://www.perthnow.com.au/news/sou...its-14-year-high/story-fni6uo1m-1227392815028
http://www.adelaidenow.com.au/news/...ent-crisis-in-sa/story-fni6uok5-1227393840265
http://www.adelaidenow.com.au/news/...-growth-and-jobs/story-fni6unxq-1227393670978
Really is a shame as a lot of talent will leave Adelaide to say Sydney and Melbourne for greener pastures.
It'll be the outer Southern and Northern suburbs that feel it the most. I'm not expecting much growth for the next couple of years and wouldn't be surprised if some suburbs actually lose value. E.g Over the past 5 years the median price in Elizabeth has actually fallen.
Elizabeth -10%
Elizabeth Downs -10%
Elizabeth East -5%
Elizabeth Grove -17%
Elizabeth North -10%
Elizabeth Park -10%
Elizabeth South -1%
Elizabeth Vale -6%
*Data sourced from Corelogic RP data
And despite this, myself and many others have been making plenty of money in the area through buying under market, renovating, or developing. Thankfully they put money in your week every month while waiting as well. So ya win both ways, really.
The percentages don't really mean much to the people on the ground and not phased by them in the slightest.
No doubt but the median is a general value. For every person who made money there is a lot of people that lost it.
E.g
http://www.realestate.com.au/property-house-sa-elizabeth+north-106820612
Sold for 178k back in 2008. Renovated the kitchen and put in new floorboards and tidied up the garden etc.
http://www.realestate.com.au/property-house-sa-elizabeth+north-119923237
Selling for 169-179k in 2015. Interest rates back in 2008 were at 8-9%. Even with the drop in interest rates and the yield whoever bought that property has lost out due to the cost of renovation, maintenance + buying & selling fees.
Same as I went out and visited this house a few weeks ago at Elizabeth Park. http://www.realestate.com.au/property-house-sa-elizabeth+park-119321283
Back in 2008 the house was worth 220k
http://www.oldlistings.com.au/real-estate/SA/Elizabeth+Park/5113/buy/1/MARSHALSEA
Despite putting solar panels on it they are now trying to flog it off and would be lucky to get 180k for it.
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Would you feel more comfortable buying there if the market was up 40% in the last 5-7 years? Rents have continued to creep higher, whether the market has totally bottomed out only time will tell but it's easier buying somewhere at a point of maximum pessimism.
Not really nothing going for it.
True but I think the prices will depreciate further in the next few years ahead. I'm saving a bit more money to avoid LMI and purchasing in Salisbury region next.
