For trendy inner city units in Melbourne, you're looking at least $500k for a two bedder, and a rent of around $350 - $450 per week. In Adelaide, you can get them around $300k and rent sits pretty tight at $300 on wards. Do you think it's going to have good growth? I am talking about inner city units.
Trendy inner city units in Adelaide?
- Thread starter wll6568
- Start date
Unexciting yields, high strata costs and an endless supply available for the CBD as it's relatively undeveloped compared to other State capitals.
I don't see them as particularly attractive investments. The price differential between SA and Melbourne carries across all stock types, so I wouldn't factor that as a major factor in choosing that particular type of investment.
I don't see them as particularly attractive investments. The price differential between SA and Melbourne carries across all stock types, so I wouldn't factor that as a major factor in choosing that particular type of investment.
If we're talking in simple terms of new strata vs established houses with reasonable land content, then absolutely.
I've always invested in landed house (all eastern suburbs), but just recent years (since 2010?) of sluggish growth makes me a bit hesitate.
