I would, and (even though I have relocated to Melbourne) would love to increase my portfolio here with IP number 4.
If you would, for what reasons? What do you think will be the effect on prices and yields as a result of those reasons?
If not, why not?
Suburbs are: Semaphore, Semaphore Park, Ethelton, Glanville, Birkenhead, Peterhead, Largs Bay and Port Adelaide
My view
Positives:
1. Employment - upgrade Semaphore Road, New Port Quays development, defence
2. Developments - New Port (2 billion) and Semaphore Road / Port Adelaide
3. Infrastructure - new light rail to Port Adelaide (proposed) - also outer harbour line upgrade with New Port
4. Seaside (all on or within 1.5km)
5. City 15-20 min drive / train to CBD
Negatives (none for me, but concievable):
1. Distance to CBD? (not an issue for me - only 14km);
2. Stigma associated with Port Adelaide area (once again I think this has changed)
My expectation:
Strong rental growth next 24 months (10-12% year on year - ie 30-40% better than adelaide mean growth in rents)
Strong capital growth (8% 2008, another 20% 2009-2010)
Any thoughts and others expectations?
If you would, for what reasons? What do you think will be the effect on prices and yields as a result of those reasons?
If not, why not?
Suburbs are: Semaphore, Semaphore Park, Ethelton, Glanville, Birkenhead, Peterhead, Largs Bay and Port Adelaide
My view
Positives:
1. Employment - upgrade Semaphore Road, New Port Quays development, defence
2. Developments - New Port (2 billion) and Semaphore Road / Port Adelaide
3. Infrastructure - new light rail to Port Adelaide (proposed) - also outer harbour line upgrade with New Port
4. Seaside (all on or within 1.5km)
5. City 15-20 min drive / train to CBD
Negatives (none for me, but concievable):
1. Distance to CBD? (not an issue for me - only 14km);
2. Stigma associated with Port Adelaide area (once again I think this has changed)
My expectation:
Strong rental growth next 24 months (10-12% year on year - ie 30-40% better than adelaide mean growth in rents)
Strong capital growth (8% 2008, another 20% 2009-2010)
Any thoughts and others expectations?